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Hyundai, union reach tentative labor deal

According to Reuters, South Korea's labor unions may have reached a tentative deal with Hyundai following a compromise between the two sides on wages. Workers have staged a number of stoppages since August 20, which have cost the South Korean giant 1.02 trillion won - around $1.1B US. It also represents just over 50,000 units of production. That vehicle total sounds like a lot, but it's a small enough figure that Hyundai can apparently catch up with weekend and overtime shifts. We'd wager that this is why US inventories haven't been hit quite so hard aside from the battering already taking place. The proposal will now go before the union's rank and file.
If ratified, the new agreement will see workers getting a 5.14-percent raise in base salaries, along with 8.5-million-won (roughly $7,800) bonuses. Those concessions are a far cry compared to what the union was initially demanding, though. Early proposals included a 56.25-gram gold medal for each employee (worth about $2,400) and a 10-million won bonus (about $9,100) for employees whose children chose not to attend college. The union also sought a bonus worth two months' salary for workers that have been with the company for over 40 years, but this was negotiated down to a flat rate of six-million won ($5,464).
Based on Reuters' report, the work stoppages must have taken a real toll on Hyundai - its domestic sales dropped 20 percent last month, while exports were down nine percent. Those startling figures must have put some fire under the Hyundai bargaining team.

Next-gen Hyundai Genesis reveals new skin on 'Ring

The launch of the next-generation Hyundai Genesis is drawing closer and closer, and this latest set of spy shots gives us our best look yet at the Korean automaker's new sedan. Caught testing on the Nürburgring, we're not only getting a better look at the finer details of the Hyundai's exterior, but this set of photos gives us a clear view inside the cockpit, as well.
For its new generation, the Hyundai Genesis appears to be moving a bit more upmarket in terms of materials and layout, with a redesigned steering wheel, gauge cluster and center stack. The current car's analog clock appears to be left intact, smack dab in the middle of the heating and cooling controls, but the rest of the updates look decidedly more modern and, if we're honest, a bit German.
Outside, it's obvious that the new Hyundai will wear a more aggressive front fascia, along with what appears to be a more rakish rear deck. Earlier reports have stated that the next Genesis will be much lighter than the current car, and with a much more sporty tune to the suspension. We'll know more when the car is officially revealed, though it's still unclear exactly when that will be.

IED Torino students dream up the PassoCorto for Hyundai

Every year the students at the Istituto Europeo di Design (IED) in Turin work up something new to unveil at the Geneva Motor Show. It's usually a concept for an Italian automaker (like the Alfa Romeo Gloria, the Cisitalia 202 E or the Abarth ScorpION) or at least something European (like the concepts they worked up with McLaren or the ones they did for Aston Martin). But this time they've wandered a little farther from home in designing a sports car for Hyundai.
It's called the PassoCorto - Italian for "short wheelbase" - and it was designed in collaboration between the grad students in the Master in Transportation Design program (under the supervision of Pininfarina design Luca Borgogno) and the Hyundai's European design center.
The design (theoretically) calls for a 1.6-liter twin-turbo four, mounted amidships and driving 266 horsepower to the rear wheels. It looks pretty promising, and if Hyundai were ever keen on taking on the likes of the Alfa Romeo 4C and Porsche Cayman, this strikes us as a damn good place to start.