Vehicle sales at Hyundai and 34 percent-owned Kia climbed 56 percent from the end of 2008 through the end of last year, faster than those of any major automaker.“I’m quite comfortable Hyundai will continue to outperform its peers in a highly competitive market,” says Christopher Yip, an analyst in Hong Kong for Baltimore-based T. Rowe Price Group Inc. Yip’s firm began investing in Hyundai Motor in 2004 and held 650,612 shares on Sept. 30.
Ultimately, Chung may do in cars what Korea’s No. 1 chaebol, Samsung Group, has accomplished in televisions: push Japanese rivals into decline, says Kei Nihonyanagi, a Barclays Capital analyst in Tokyo. From 2004 to 2010, Sharp Corp. and Sony Corp. (6758) cut their LCD TV prices by almost two-thirds to match Samsung, Nihonyanagi says.
“The key management issue for Japanese automakers is to again surpass Hyundai in cost and quality,” he says.
http://www.bloomberg.com/news/2012-03-01/billiona…
This is a great article about the rise of Hyundai in the auto industry, which you must have noticed if you pay any attention to the car business.
One of my bosses recently sold his Mercedes, bought a Hyundai and he loves it.
I know many of you that are working have nice cars. Would you consider purchasing a Hyundai?
Is Hyundai on course to become the World's or Asia's largest automaker?
I drive an old Hyundai Sonata, and I hear that quality's only gone up since then. It's served me pretty well, and it was pretty darned cheap, too. Half the price of a Toyota Camry, at the time, and maybe a quarter or a sixth the price of an entry-level Audi or BMW.
World's/Asia's largest automaker? I don't know. They've got a long way to go yet to take over from Toyota.
I believe they have plenty of room to grow and the quality of their cars have drastically improved in the last decade. As for being the largest world/Asian car maker, not anytime soon, but they have great potential.
I personally don't like asian cars...don't know why...just can't stand em
1+
Who needs a luxury foreign car when you can get a perfectly good Buick Lacrosse made in the US for $28K?
Or a used mustang for $13K
i think the hyundai genesis is uber sexy
IP: The Koreans and Japanese make them more reliable, more efficient, and arguably more comfortable.
How do the prices match up in the US?
Design & manufacture are a complicated process and what is done by one development team and one manufacturing plant doesn't always hold to another team/plant within the same company.
Of course, averages are useful in explaining company health and perceptions regarding certain products...
Well, yes. An Estima is never going to be more efficient than a Volt. Apples-to-apples,though, I would be willing to put good money on Toyota making "better" vehicles than Chevy/Ford/Chrysler.
I still want a bloody Corvette, though.
Bottom line is that American cars are cheaper, cooler looking, and do the same job of making it to 200K miles as the Japanese cars. Unless you plan on owning your car for the next 25 years, things like fuel economy and insurance play a much bigger factor in upkeep.
Same here. German car manufactures have a near monopoly on parts. There probably the worst deal. I'd take an american car any day over the others. Mustangs all the way around.
buicks do not look cooler than the hyundai genesis :P
Whoa there, IP. If there's one area where American cars are sorely lacking, style is it.
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