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| Hyundai Rises in Forbes List of the World's Leading Companies | SYDNEY – April 29, 2010: Hyundai Motor Company has climbed eight spots to become the 188th leading company in the world, and third among automakers, overtaking Toyota (360) according to an annual list of the top 2000 leading global companies published by Forbes magazine. Hyundai has gained ground in the past two rankings, rising from 245th in 2008 and 196th in 2009. Ford Motor Company (58) and Honda Motor (86) are the only automakers ahead of Hyundai in the 2010 rankings. According to the magazine, the Forbes Global 2000 are “the biggest, most powerful listed companies in the world.” The rankings are based on an equal weighting of sales, profits, assets and market value. In total, the Global 2000 companies account for US$30 trillion in revenues, US$1.4 trillion in profits, US$124 trillion in assets and US$31 trillion in market value. Of the 51 South Korean-based companies on the list, Hyundai ranks fourth behind Samsung Electronics (55), Posco (137) and Shinhan Financial (187). Hyundai Heavy Industries (278) rounds out the top five companies in South Korea. | Hyundai unveils 2011 Sonata Hybrid
| | Hyundai has announced that its all-new 2011 Sonata will be the first vehicle to offer gasoline direct-injection (GDI), twin-scroll turbochargers and full-hybrid powertrains. Unveiled at the New York auto show, the Sonata Hybrid is Hyundai’s first hybrid in the US market. Its Hybrid Blue Drive can operate on an electric motor, gasoline internal combustion engine or a combination of the two depending on driving conditions and driver demands. It's also the only hybrid using lithium polymer battery technology. Hyundai Hybrid Blue Drive uses the company’s compact new six-speed transmission, modified with hybrid starter-generator, electric motor, and low-friction oil pump, which eliminate the need for a torque converter. Hyundai says its Hybrid Blue Drive is the only system currently using lithium polymer battery technology – choosing this form of power storage over nickel-metal hydride and lithium-ion applications. Lithium polymer incorporates the benefits of lithium-ion (as used in laptops and cell phones) and provides robustness, power-density and package flexibility, all of which suit automotive applications. “The Hyundai Sonata Hybrid is the new kid on the block, but it’s not a follower,” says John Krafcik, president and CEO, Hyundai Motor America. “Its full parallel hybrid configuration and breakthrough lithium polymer batteries offer a new take on traditional hybrid design, while its unique design sets it apart from the mid-size hybrid pack.” According to the EPA, Hyundai has led the US industry in fuel economy for 2008 and 2009, and is currently the only automaker with average fleet fuel economy of more than 30mpg. “Hyundai applies advanced technologies to vehicles to provide the best solutions for the everyday driver,” said Krafcik. “Unlike traditional hybrids that trade off highway fuel economy for higher city ratings, the Sonata Hybrid delivers best-in-class highway fuel economy, while still delivering about a 40 percent improvement in city fuel economy compared to a Sonata equipped with the Theta II GDI engine. We think this is a better balanced approach for the majority of car buyers.” Efficiencies in the city and on the highwayHyundai says the Sonata Hybrid will deliver best-in-class highway fuel economy of 39mpg offers and city fuel economy of 37mpg. It says government studies have shown that the typical US driver operates in a highway mode 57 percent of the time, therefore, the company’s approach to delivering impressive fuel economy in highway mode differentiates Sonata Hybrid from other mid-size sedan hybrid vehicles such as the Toyota Camry Hybrid and Ford Fusion Hybrid. While the Sonata Hybrid delivers the standard hybrid fuel economy gains in the city like its competitors, Hyundai says it provides drivers with greater fuel economy on the highway, where its competitors fall short. Sonata Hybrid in electric mode hits a top speed of 62mph. Its gasoline engine engagement depends on the vehicle’s state of charge, acceleration and speed. Its two propulsion units develop a total output of 209hp at 6,000 rpm and delivering 195lb-ft of torque. The Sonata Hybrid is also the lightest vehicle in its class (3,457lbs, 263lbs lighter than the Fusion Hybrid), thanks to its lithium polymer battery pack and other weight loss gains. Reduced weight boosts performance and energy efficiency. Hybrid Blue DriveAt the heart of the Sonata Hybrid is the proprietary parallel hybrid drive system that uses the power from the electric motor more efficiently to directly control the vehicle, allowing it to be operated at much higher speeds than the competition in EV-only mode. That’s because the wheels are turned by power coming straight from the gasoline engine, or the electric motor, or both together, as conditions demand. The Hybrid Blue Drive runs on the fuel-efficient 2.4L Theta II engine (169hp at 6,000rpm and 156lb-ft of torque at 4,500rpm) mated to a six-speed automatic transmission and a 30kW (151lb-ft) electric motor to extract the best fuel economy. In the Hyundai Hybrid Blue Drive system, the Theta II with multi-port fuel injection (MPI) operates on an Atkinson Cycle, a strategy that increases fuel efficiency in internal combustion engines through changes in compression and power strokes in the four-stroke engine. It is typically only used in hybrid systems where the high-torque electric motor boosts low-end power, which is traded off for internal combustion engine efficiency. All of the Theta II major driveline and cooling system components have been optimized to reduce friction. Hybrid Power Control (HPC) management software automatically shuts off the engine when the vehicle comes to a halt, cutting emissions to zero. During deceleration, braking regeneration comes into play and the system also features “smart brake” technology in which braking input overrides accelerator pedal input. The all-aluminum, 16-valve engine also features Continuously Variable Valve Timing (CVVT) on both camshafts and newly developed engine components to reduce friction. This optimized Theta II engine achieves 10 percent better fuel consumption over a conventional Theta II engine. Hyundai Hybrid Blue Drive uses the company’s proprietary six-speed automatic transmission, replacing the torque converter with an electric motor and high-efficiency oil pump. This technique uses a traditional step-shift six-speed transmission rather than a CVT to provide a more traditional shift feel that is preferred by customers and sometimes artificially replicated in CVT applications. Hyundai say this is a cheaper option, robust and a simple solution. In another measure to improve fuel efficiency, the top three gear ratios in the transmission have been extended to ensure the engine runs at lower RPMs, the electric motor-assisted steering system reduces demands on the engine. Lithium polymer batteriesSonata’s hybrid system stores its electrical charge in a 270V Lithium polymer rechargeable battery (5.3Ah/270V) that is 20-30 percent lighter than a nickel-metal hydride battery (95.9lbs versus the Camry Hybrid’s 123.9lbs) and offers 1.7 times more energy density. This gives the Sonata Hybrid less weight and more space and the company says that the Lithium polymer batteries hold their charge 1.25 times longer, too. Its self-discharge rate is less than a third of a nickel-metal hydride battery. Compared to Lithium-ion batteries, Lithium polymer has lower manufacturing costs, is more resistant to physical damage and can handle more charge-discharge cycles before storage capacity begins to degrade. On the outsideRather than using a liquid electrolyte, which requires a robust metal casing, lithium polymer batteries use a polymer gel as the electrolyte, which allows the use of a thinner and lighter aluminum-walled pouch. Inside each lithium polymer cell, the cathode, separator, and anode are laminated together, enabling much simpler and more reliable manufacturing. This allows the battery pack to be about 20 percent smaller than a lithium-ion battery pack. Hyundai designers have given the Hybrid model a modern, eco-friendly design, with “at-a-glance” differentiation from the non-hybrid Sonata models. It has unique headlights and taillights; aerodynamic bumper fascias; aerodynamic rocker panels; bold hexagonal grille; eco-spoke wheels; air dam and aero side sills; exclusive hybrid paint color; interior refinements; supervision cluster with eco-display options; unique interior color choice and unique seat patterns. There's also a Technology Display featured on a 4.2-inch LCD screen located between the odometer and tachometer, or visible on the optional seven-inch navigation screen. It shows driving mode; energy flow within the vehicle; engine and motor movement; fuel level; battery power levels and charge status; electric vehicle mode indicator and average and instant mpg. No word yet on pricing or availability. | Hyundai Donates $2.1 Million to Childhood Cancer Research With 2010 Hope on Wheels Tour | Ceremonies at the New York International Auto Show and Hyundai Motor Manufacturing Alabama Mark Launch of 2010 Hyundai Hope on Wheels TourFOUNTAIN VALLEY, Calif., April 1 /PRNewswire/ -- Hyundai Motor America and its dealers will launch the 2010 Hyundai Hope on Wheels tour today during Hyundai's press conference at the New York International Auto Show. With newly-named Hope on Wheels National Youth Ambassador Brianna Commerford, 12, standing by, Hyundai CEO John Krafcik will announce the 2010 tour, which will visit more than 40 children's hospitals across the country. This year's tour will donate $2.1 million to support childhood cancer research. (Logo: http://www.newscom.com/cgi-bin/prnh/20091001/HYUNDAILOGO) Hope on Wheels National Youth Ambassador Brianna battled Stage IV Hodgkin's Lymphoma when she was just ten years old. Now healthy and in remission, Brianna wants to share her story to spread awareness and help bring hope to other children facing cancer. Brianna will serve a two-year term as the Hope on Wheels National Youth Ambassador. "At Hyundai, we believe in doing what others might think is impossible," said John Krafcik, President and CEO of Hyundai Motor America. "With the dramatic increase in survival rates that we've seen over the past several decades, we believe that a cure for pediatric cancer is now within reach. Hyundai is focusing the bulk of our philanthropic efforts on funding childhood cancer research through Hope on Wheels so that one day no child will ever have to face cancer." The first official hospital donation event of the year will take place later today as Hope on Wheels donates $125,000 to the Hope & Heroes program at NewYork-Presbyterian/Morgan Stanley Children's Hospital. This year, Dr. Jennifer Levine and Dr. Julia Glade Bender have been selected to receive the donation, which will support their research. Children receiving treatment at the hospital and their families will join Brianna and New York area Hyundai dealers for a special Handprint Ceremony at the Hyundai booth. The children will place their handprints in colorful paint on the 2010 Hyundai Santa Fe, the official vehicle of the Hope on Wheels Tour, to commemorate their brave battles with childhood cancer. "Since 2004, Hyundai has been a dedicated donor to the children's cancer research program at the Herbert Irving Child and Adolescent Oncology Center," said Dr. Michael Weiner, director, Herbert Irving Child and Adolescent Oncology Center at New York-Presbyterian/Morgan Stanley Children's Hospital and Columbia University Medical Center. "We are proud to be a recipient of Hyundai's generosity and ongoing support for children with cancer." Later this month, U.S. Hyundai dealers will gather at the company's manufacturing plant in Montgomery, Alabama for their annual national dealer meeting. The company and dealers together will present a ceremonial check for this year's $2.1 million donation to Brianna on behalf of all the children helped by childhood cancer research. The second hospital donation of the 2010 tour will be made to the Children's Hospital of Alabama in the amount of $40,000. "On behalf of Hyundai dealers across the country, Hope on Wheels is honored to continue its support for childhood cancer research in 2010 and recognize the brave children who are battling this disease," said Oscar Leeser, President of the Hyundai Hope on Wheels Foundation and dealer owner of Hyundai of El Paso in El Paso, Texas. "We are proud to be able to award research grants to the Hyundai Scholars – they are the pediatric oncologists whose unwavering dedication to research helps to care for children facing cancer and gives them hope for a healthy future." This year Hyundai Hope on Wheels marks its 12th year of commitment to supporting childhood cancer research efforts. Hyundai and its dealers have donated more than $14 million to children's hospitals nationwide and collected hundreds of handprints from children fighting childhood cancer. Every time a new Hyundai vehicle is sold in the U.S., $5 is donated to Hope on Wheels. More information and the complete list of 2010 Hyundai Hope on Wheels tour stops is available at www.hyundaihopeonwheels.org. HYUNDAI MOTOR AMERICA Hyundai Motor America, headquartered in Fountain Valley, Calif., is a subsidiary of Hyundai Motor Co. of Korea. Hyundai vehicles are distributed throughout the United States by Hyundai Motor America and are sold and serviced through more than 780 dealerships nationwide. HYUNDAI HOPE ON WHEELS Hyundai Hope on Wheels™ is the united effort of all 780 Hyundai dealers across the U.S. to raise awareness about childhood cancer and celebrate the lives of children battling the disease. Hyundai Hope on Wheels has donated more than $14 million to childhood cancer research since 1998 and is an independent 501(c)(3) nonprofit organization. SOURCE Hyundai Motor America |
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| Hyundai’s J.D.Power vehicle quality rating improves again | Hyundai’s vehicle quality rating has improved once again this year according to the latest J.D. Power and Associates’ Vehicle Dependability Study. The long term quality survey showed Hyundai was one of only six volume manufacturers to out perform the industry average, moving up in rank by a total of three positions over last year’s result. With seven problems per 100 cars fewer than the industry average, Hyundai’s figure of 148 problems per 100 vehicles is nine less than last year. The result follows a 2009 Initial Quality Study by J.D. Power and Associates’ that ranked Hyundai fourth behind Lexus, Porsche and Cadillac. J.D. Power and Associates conduct three quality studies each year: the Initial Quality Study (IQS), which measures vehicle quality after 90 days of ownership; the Vehicle Dependability Study (VDS), which measures problems in three-year-old cars in such categories as air conditioning, audio, driving experience, engine, exterior, interior, seating and transmission; and the Automotive Performance, Execution and Layout (APEAL) study, which measures customer perceptions on the design, content, layout and performance of their new vehicles.
|  | | Hyundai owner loyalty grows | Toyota’s stretch of bad PR is taking its toll. The latest owner loyalty research by Kelley Blue Book’s kbb.com website finds that Toyota has dropped from the top spot, with Hyundai leapfrogging over Honda to claim the #1 position. According to the latest Kelley Blue Book www.kbb.com Market Intelligence data, brand loyalty for Hyundai recently surpassed that of Honda and Toyota, leading Hyundai's brand loyalty to the #1 spot among car shoppers on Kelley Blue Book's kbb.com. In addition, Hyundai values have been outperforming the car segment average, and the all-new Sonata recently emerged on the kbb.com Top 10 Most-Researched New Vehicles list. When comparing February 2010 data to Q4 2009, Korean import automaker Hyundai has seen the greatest recent increase in loyalty, with Hyundai owners looking at new models within the brand increasing by 10.4 percentage points to 56.3%. This surge leads Hyundai to the top spot in brand loyalty on kbb.com for the first time in recent history, up from third place in Q4 2009. |  | In the same timeframe, Toyota fell from the #1 spot to third place and Honda continues to hold steady at second place. A fewer percentage of Toyota owners are looking at new models within the brand, down 4.4%age points to 53.3%, driving Toyota loyalty to third place. Meanwhile, holding steady in second place, Honda owners looking at new models within the brand have increased by 0.7 percentage points to 55.8%. In addition, the Hyundai Sonata recently broke into kbb.com's Top 10 Most-Researched New Vehicles list for the first time. In February 2010, the Sonata was the fifth most-researched new car on kbb.com, with only perpetual 'Top 10 Most-Researched' mainstay Honda and Toyota models such as the Accord, Civic, Camry and CR-V ahead of it. Furthermore, according to Kelley Blue Book Values data, throughout the month of February 2010 Hyundai outperformed the overall car segment average by a healthy margin. Hyundai values increased 2% month-over-month, relative to a 0.3% increase for the entire car segment. "Hyundai is clearly benefiting from 'a perfect storm' – a result of introducing passionate new products like the 2011 Sonata and 2010 Tucson, while Honda's mainstream vehicles like the CR-V and Accord are a bit stale in the marketplace and Toyota is experiencing a huge consumer perception crisis," said James Bell, executive market analyst for Kelley Blue Book's kbb.com. "To sustain this momentum, Hyundai should continue to promote its attractive new-vehicle lineup, solid warranty offer and strong price-points to new-car shoppers. Hyundai's main challenge in the near future will likely come from domestic automakers like Ford and GM as they gear up for battle over buyers starting to look for a change from 'Camry-land’," said Bell. This Kelley Blue Book Market Intelligence data analysis examined site traffic to used-car trade-in pages and new-car pricing report pages on Kelley Blue Book's kbb.com, and compared loyalty data from Q4 2009 to February 1 - 28, 2010. The Kelley Blue Book Values data within this release represents month-over-month used-vehicle depreciation percentages. Article link: http://www.rbr.com/media-news/research/22556.html | | Hyundai heats up Tucson for 2010 | Hyundai is continuing its move away from its “budget-car” roots with the 2010 Tucson compact SUV. Completely redesigned for the new model year, this crossover sport utility vehicle provides an upgraded interior while still offering a modest base price ($18,995). Motor Mouth recently tested the Tucson Limited AWD PZEV, the model’s top trim line. In the outside, the Tucson features a medium-sized hood and protruding grille that lead back to 10-spoke alloy wheels, as well as front doors outfitted with folding side mirrors. All the way back, my test car came standard with a keyless entry hatchback and a handy rear wiper. Inside, the Tucson Limited mixes family friendly durability with some upscale amenities. The Limited comes standard with heated front seats, a dual-zone climate system and an seven-way electric seat adjuster on the driver’s side. |  | My test car also came standard with decent but not incredible stitched-leather finishes: Black leather on the steering wheel and gear shifter and brown-leather covering the seats. My test Tucson also included an optional $2,850 Premium Package that added a upgraded AM/FM/XM/6CD/iPod stereo, a touchscreen GPS, a panoramic sunroof and a backup camera. The Tucson’s front seats provide good headroom, legroom and hiproom for both driver and passenger. In back, 60/40 split fold-down rear seats likewise offer good headroom and hiproom, while legroom is pretty good but could be better. (These seats can easily accommodate three children for highway rides, but three adults would probably find anything more than a 30-minute trip taxing.) All the way back, the Tucson’s 25.7-cubic-foot cargo area can hold perhaps two big suitcases and four knapsacks.Or, you can fold down the model’s rear seats to create a generous 56-cubic-foot space - enough to hold a tent or other bulky items. On the road, my test Tucson’s four-cylinder engine, all-wheel drive system and six-speed automatic transmission teamed up to produce a firm but pretty good ride. The model corners and brakes well, while backing up and parking are fairly good thanks to the Tucson’s backup camera, relatively modest size and good sightlines. (Although the vehicle lacks a big SUV’s “high-up” road view, the Tucson’s medium-sized windshields offer good visibility.) The vehicle’s 170-horsepower engine accelerates acceptably, although my test car revved a tad noisily to 5,800 rpm just to go from 0 mph to 40 mph. As for fuel economy, the EPA rates the Tucson AWD PZEV at 21 mpg/city and 28 mpg/city. During a week of mixed test drives, Motor Mouth logged a pretty good combined 22.1 mpg city/highway. Test drive: Information about the 2010 Hyundai Tucson: Base price: $18,995 As tested: $29,590 Type: all-wheel-drive five-passenger compact SUV Engine: 2.4-liter four-cylinder engine (170 horsepower) Transmission: six-speed automatic Mileage: 21 mpg/city, 28 mpg/highway Built in: South Korea
Article link: http://news.bostonherald.com/business/automotive/view.bg?articleid=1241015&format=&page=2&listingType=bizauto#articleFull | |
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