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Hyundai plans to build fourth plant in China

Hyundai Motor Co  plans to build its fourth plant in China for about 1 trillion won ($926.48 million) and start production in early 2016, a source said, in its first major overseas expansion in more than two years.

Hyundai and its affiliate Kia Motors Corp  are betting the facility in Chongqing will protect their share of the world's biggest car market, which accounted for more than a fifth of their global vehicle sales last year.

"Considering China's future demand growth outlook, we need to build a new plant to maintain our stable market share of 10 percent…

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Veloster- Top safety rating



The National Highway Traffic Safety Administration (NHTSA) awarded an overall five-star crash test rating, the highest rating given by the organization, to the all-new 
2014 Hyundai Veloster. Separated by test, the vehicle received four stars in front and rollover crash tests, and five stars in the side crash test. This is the first time the Veloster has been rated under NHTSA’s tougher tests and five-star rating system.

The Veloster employs exceptional levels of standard safety features by means of a Vehicle Stability Management (VSM) system, which optimally manages ESC (Electronic Stability Control) and the Motor-Driven Power Steering (MDPS).

For…

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Veloster- Best value in America award



Hyundai’s award-winning 
2014 Veloster received recognition today, receiving a Best Value in America Award from Vincentric, the automotive research firm specializing in automotive cost of ownership. The Veloster bested competitors like the Ford Fiesta, Nissan Juke and Kia Forte to take the top spot in the subcompact segment.

“The Veloster provides great value in the highly competitive subcompact segment,” said David Wurster, president, Vincentric. “It's priced right and has real advantages in terms of depreciation, insurance costs, fuel economy and, due to an excellent warranty, repair costs, its total cost to own is much lower than one would…

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