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Hyundai missing Q1 earnings targets blamed on slow US sales

Slow US growth is hampering profits at Hyundai. In its first quarter financial statement, the Korean automaker reported a profit of 1.93 trillion won ($1.86 billion). According to Reuters, this is less than analysts' expectations and nearly the same as last year.
According to the report, US sales fell by 3 percent in Q1 2014. To make matters worse, the high value of the South Korean currency caused lower profits on models exported from there. On the bright side, Hyundai's Chinese sales rose by 9 percent, according to Reuters. It's also working on building a fourth factory there.
The company has had a rough time in the US throughout the quarter. John Krafcik, the CEO of Hyundai of America, stepped down on January 1, and the company was already predicting slow growth in sales for 2014. Falling quality scores for the Sonata and Elantra aren't helping matters either. However, there may be hope on the way. The second-generation Genesis Sedan was introduced to the US in Detroit, and the redesigned Sonata was recently shown in New York. Successful launches of these important models could prove crucial.

Hyundai recalls 6,071 more Velosters over shattering sunroofs

Back in December, Hyundai issued a recall affecting some 13,500 Veloster hatchbacks because their optional panoramic sunroofs could possibly shatter while the vehicle is in motion. Now, an expansion of that recall has been announced, with an additional 6,071 units of the 2012 model year hatchback figuring in to the problem.
The original recall covered cars built between November 1, 2011 and April 17, 2012, but this expansion concerns vehicles built from July 4, 2011 to October 31, 2011. Just like before, the official National Highway Traffic Safety Administration bulletin states that these vehicles may be fitted with sunroofs that were inadvertently weakened during installation, and thus, can possibly break while the vehicle is in motion.
This second sunroof recall is expected to kick off next month. Dealers will inspect the sunroofs in these affected vehicles and will replace the whole assembly if necessary, free of charge. Scroll down to read the full NHTSA report.

2015 Hyundai Genesis

Hyundai grabbed our attention with its first-generation Genesis. Now, with this second-gen model, the company's job is to keep it. The 2015 Genesis, known internally as "DH," wisely follows in the footsteps of its predecessor, a model that showed the automaker's naked ambition, putting it on the map of not just bargain hunters, but the upwardly mobile, too.
The outgoing Genesis proved Hyundai was capable of producing a premium car of superior quality, complete with a plush interior, handsome looks and a relatively sporty driving demeanor, all for the sort of cut-rate price the brand built its reputation on. The first Genesis worked wonders for expanding Hyundai's allure, opening it up to all kinds of new car shoppers who previously wouldn't have given its other models a second glance.