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- GM Finally Recalls 3,456,111 SUVS, Pickups for Bad Brakes
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News from PR Newswire
- Ford Shakes up European and International Markets as CFO Shanks Retires. Restructuring Continues as Stock Languishes on
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Tag Archives: kia
Sirius XM Radio and Kia dealers will give customers a three-month subscription when buying used vehicles equipped with satellite radio. Participating Kia dealers join more than 9,000 auto dealers across the country enrolled in the SiriusXM Pre-Owned Vehicle Program. Continue reading
Worrisome for competitors were increases in market share of 2.6% at Toyota, and 1.2% at Honda year-over-year, according to AutoData. Each percentage point in share is worth roughly $1 billion dollars in profits, according to an old industry rule of thumb. Left as road kill was Nissan whose share dropped more than 1% with sales of 92% units. Continue reading
Toyota Motor came close to displacing Ford Motor from its assumed Number 2 spot in the U.S. by posting monthly sales of 202,973 – within a rounding error of Ford’s 215,699 and firmly putting Toyota in the Number 3 sales spot for the year-to-date. The other Japanese powerhouse members were also back in shape. American Honda posted sales of 134,000 (576,000 ytd) easily ahead of the Nissan at 92,000 (485,000 ytd). With a new Accord and Altima due this fall, the family car market is about to becomes more competitive than it has been in years, which is good for buyers but might leave weaker and older entries as road kill. Continue reading
Kia’s decision means that 32 manufacturer brands that have chosen Carfax for their Certified Pre-Owned vehicles. Continue reading
President Obama and South Korean President Lee Defend Korean FTA at a Michigan General Motors Small Car Plant
President Barack Obama and South Korean President Lee Myung-bak toured the General Motors Orion Assembly Plant on Friday and spoke to several hundred workers and guests in support of the pending U.S-South Korean Free Trade Agreement. The rally came as U.S. long term unemployment remain at record post Great Depression levels. Korea is the fifth largest producer and fourth largest exporter of motor vehicles in the world, and – up to now – its car market has been closed. Continue reading
Obama Administration Submits Controversial FTAs to Congress. Largest Loss of Jobs since NAFTA Coming?
The AFL-CIO said the “The Korea agreement is the largest offshoring deal of its kind since NAFTA. If enacted, it likely will displace 159,000 U.S. jobs, mostly in manufacturing. And its glaring loopholes would allow unscrupulous businesses to import illegally labeled goods from China and possibly even from sweatshops in North Korea—potentially without any tariffs at all.” Continue reading
A Kia recall is now active for model year 2007-2008 Sorento passenger cars manufactured from June 15, 2006 through November 27, 2007. The safety recall is prompted by a National Highway Traffic Safety Administration (NHTSA) analysis that showed complaints about the passenger side airbag were higher than those of other vehicles. The Korean maker Kia disagreed, but has recalled the Sorento to prevent a dispute with NHTSA and it obvious negative effects on its quality image.
Korean auto sales increased sharply in July while Japanese automakers watched as depleted inventories once again cut into their normal sales levels. Korean automakers Hyundai and Kia posted huge gains and a record month. A combination of high fuel economy and low prices – helped by the Korean Won – saw double-digit sales gains at both automakers. Still, several questions remain about the ability of Korean automakers to continue to grow at the significant rates they have been achieving. Continue reading
Ford of Europe CEO Stephen O’Dell Calls for a Comprehensive Industrial Policy and Rejection of Korean FTA
Odell also criticized a proposed Korean trade agreement, which in a different form is also controversial in the U.S. However, Ford in the U.S. supports a pending Korean FTA, which is opposed by all major U.S. unions except for the United Autoworkers. A Ford spokesperson was unable to explain the disparity in the conflicting positions. Continue reading
At the trial evidence was introduced by the law firm Cunningham Bounds that said in 2002, the National Highway Traffic Safety Administration inquired about the buckle problem, and in late December 2002 Kia issued a safety defect recall, but only for model years 1995 through 1998 vehicles.
Kia in response to the verdict said, “We maintain that the evidence at trial clearly demonstrated that the vehicle’s occupants were not wearing seat belts at the time of the accident. We will petition the court to set aside the verdict and if necessary, file an appeal with the Alabama Supreme Court.” Continue reading
Korean Automakers Post Huge U.S. Sales Gains as Disputed Free Trade Agreement Heads for Congressional Approval
Some of the biggest sales gains in May were posted by Korean automakers Hyundai (up 20.7% versus a year ago) and Kia (up 53.4%). Combined, the two Korean automakers sold more than 100,000 vehicles for the month. Korea is the fifth largest producer and fourth largest exporter of motor vehicles in the world.
However, Korea ranks at the very bottom — 30 out of 30 among the largest automotive markets — for auto market access. The average among major developed economies is 40% market penetration by imported automobiles, but in Korea, the total of import vehicles from all global manufacturers in all countries entering the Korean market is around 3.6%. This is about 40,000 vehicles in a market that buys roughly one million vehicles annually. Continue reading
Thus far with sales of about 2,000 units a month in the U.S., the Kia Rio has been an insignificant factor in the hard fought sub-compact sales wars led by Honda Fit, Nissan Versa and Toyota Yaris. Continue reading
The Chevrolet Miray was named Best Concept Car at the 2011 Seoul Motor Show. Journalists attending the show voted their favorite cars in three categories: Best Concept Car, Best Green Car and Best Passenger Car. The Miray, which made its world premiere in Seoul, received the most votes among concept cars on display.
The Miray roadster is significant because it was developed at the General Motors Advanced Design Studio in Seoul, increasingly the source of small car work for the U.S. based and taxpayer owned GM. Continue reading
Chevrolet introduced the Miray concept hybrid electric vehicle at the 2011 Seoul Motor Show today. The roadster is significant because it was developed at the General Motors Advanced Design Studio in Seoul, increasingly the source of small car work for … Continue reading