Word: suv
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That Kerkorian doesn't even drive a GM car suggests he may not be in love with the goods. Loaded down with excess factory capacity, waning SUV sales and crushing health-care liabilities, the company is no quick turnaround play. So you have to wonder, What is he thinking? Kerkorian isn't talking--he has been virtually silent with the press since 1971. But there was no shortage of speculation on Wall Street and in Detroit. The scuttlebutt: that Kerkorian will try to force GM to spin off its lucrative financing unit, GMAC; that he will try to line...
WHAT YOU GET As the first luxury hybrid SUV, the $48,535 400h comes equipped with creature comforts like a navigation system, rain-sensing wipers, aluminum alloy wheels and a screen that lets you see what's behind you simply by looking at a dashboard monitor. (A camera mounted just above the rear bumper provides the video stream.) We found the navigation system to be slow and confusing but loved extra-cost options like the heated front seats ($540) and the rear-seat DVD system with wireless headphones...
...BOTTOM LINE If you want a luxurious car that's easy on the environment, this powerful, comfortable SUV fills the bill. It doesn't make sense to buy the 400h to save money, given that the hybrid system adds about $5,000 to the price, eating up any savings on gas. But you will travel farther between fill-ups and enjoy a quiet ride...
...traditional small cars into larger, higher-profit vehicles. In October, Hyundai unveiled a small sport-utility vehicle, the Tucson, and later this year, the company will launch a new high-end sedan for the U.S. market, the Azera. Down the road Hyundai plans to roll out a larger SUV and its first hybrid gas-electric vehicle. In addition, the company is opening manufacturing plants around the world that should help it penetrate key markets. Hyundai is investing $600 million in a factory in the southern Indian city of Madras; due to open in 2007, the plant will be Hyundai...
...loss of $70 million last year and its market share in Korea remains flat at about 10%. Reilly says he's tackling these problems by investing $2.5 billion to refurbish his factories, revitalize research and development, and create new models. Early next year, Daewoo will launch the first SUV designed by its own engineers. "We've made a lot of progress," says Reilly. A full turnaround "shouldn't be that far away." For GM's sake, he'd better be right...