Word: motors
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Dates: during 2000-2009
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...John Krafcik, president and CEO of Hyundai Motor America, is now able to do something rare for automakers: boast. "U.S. car buyers have responded in record numbers to high-quality, award-winning Hyundai products," he says. More significantly, praise is coming from Consumer Reports, J.D. Power & Associates' Initial Quality Survey and a panel of journalists at the North American International Auto Show in Detroit who named Hyundai's Genesis the 2009 Car of the Year. (See the best cars from the 2009 Detroit Auto Show...
...plant will be the 2011 Kia Sorento, a midsize crossover vehicle that combines features from a passenger car and a sport-utility vehicle. "Creating stylish and safe vehicles loaded with value is a core philosophy for the Kia brand," crows Byung Mo Ahn, chief executive of Kia Motor America...
...Georgia plant is also scheduled to get engines from a motor plant Hyundai opened last year near Montgomery, Ala. In fact, the West Point site was chosen by Kia in part because of its proximity to Hyundai's manufacturing facility, creating efficiencies for both companies as well as their suppliers, notes Kia spokesman Alex Fedorak. Suppliers are expected to create as many as 7,500 jobs in an area hard hit by the shutdown of local textile mills...
...only U.S. car manufacturer that didn't need a government bailout, Ford Motor was in better financial shape than its peers to ride out the recession. The question now is whether Ford is well positioned to prosper as the global economy begins to recover. The answer from Ford management appears to be: we're not quite where we want...
...Figo's sticker price is yet to be disclosed, but sources at Ford say it will cost around $7,000. Although the price is more than triple that of Tata Motor's Nano city car, "its aggressive pricing from Ford," says Hormazd Sorabjee, editor of AutoCar India magazine in Mumbai. "It could be the cheapest Ford in the world." Says Colin Langan, auto-industry analyst for UBS Financial Services: "Ford's latest moves are all about gaining market share." (See the 12 most important cars of all time...