Foreign automakers can import their small cars into Korea, but without city-car certification they must compete against homegrown models that meet the requirements and entice buyers with many government incentives.
Officially they’re separate companies, but group Chairman Chung Mong-koo has Hyundai and Kia working closely in concert as he looks to maximize efficiencies and continue to move the two up the world rankings of biggest and best-loved brands.
Anger over the Hyundai chairman’s Gangnam real-estate splurge seemingly was outweighed by the more than $25,000 in higher wages and added bonuses for every fulltime worker. Analysts who were skeptical but not publicly critical of the Gangnam deal now are saying it was a brilliant, forward-thinking move.
Some European automakers have set up manufacturing plants in Brazil to get around the country’s steep taxes on imported cars. Thus a WTO ruling demanding an end to the taxes might not be wholly to the liking of everybody in the EU....More
The classic image of a V-8 is big and thirsty. Engineers set out to dispel that notion by making the small-block Gen V engines extremely efficient. Along the way, some dynamometers also got toasted....More
Electric cars simply are more convenient than gasoline cars and will only become more so. My electric car is always full. This is because I plug it in every night. I almost never have to take it to the garage, because upgrades/fixes are downloaded overnight....More
Today’s auto-industry executives must connect Silicon Valley and Detroit, as well as address entirely new dimensions of safety concerns, such as how to protect their customers’ privacy and data....More