[unable to retrieve full-text content]
Support Paul Blanco Good Car Company
Sourced by Paul Blanco New Car Mitsubishi and Kia Dealerships.
Paul Blanco is the leader in new and used cars throughout the west coast of the United States
Saturday, November 2, 2019
Friday, November 1, 2019
KIA MOTORS AMERICA ANNOUNCES OCTOBER SALES
KIA MOTORS AMERICA ANNOUNCES OCTOBER SALES
Press Release Information Notice
Kia makes reasonable efforts to ensure that information contained in its press releases is accurate at the time of posting. However, Kia makes no guarantees or warranties, either expressed or implied, with respect to the accuracy of the content presented. Kia may, from time to time, update its press releases, issue new releases, or publish other information to reflect new information.
Support All Press Releases Paul Blanco Good Car Company
Sourced by Paul Blanco New Car Mitsubishi and Kia Dealerships.
Paul Blanco is the leader in new and used cars throughout the west coast of the United States
Thursday, October 31, 2019
MICHAEL COLE APPOINTED PRESIDENT OF KIA MOTORS AMERICA
MICHAEL COLE APPOINTED PRESIDENT OF KIA MOTORS AMERICA
30-Year Automotive Veteran to Lead Kia Motors America’s Business Operations
IRVINE, Calif., October 31, 2019 – Kia Motors America (KMA) today announced the appointment of Michel Cole as president, effective November 11th. Cole has served as KMA’s chief operating officer and executive vice president since joining the company from Kia Motors Europe in May 2018.
At KMA, Cole has played a vital role in the successful launch of several all-new and refreshed models, including the Telluride SUV, as well as the rollout of Kia’s “Give It Everything” brand philosophy. In his new role, Cole will lead KMA’s business operations and report to Sean Yoon, president and CEO of Kia Motors North America.
“Michael Cole has helped reintroduce the Kia brand in the U.S. and Kia has outperformed the industry through the first three quarters of 2019. Under his guidance, Kia will continue to raise awareness and grow sales and market share in the United States,” said Yoon, who oversees regional operations in North America, including U.S., Canada and Mexico sales as well as manufacturing in the U.S. and Mexico.
Cole joined KMA with a wealth of Kia-specific experience, including overseeing the brand’s performance in Europe as chief operating officer. Prior to that he served as managing director of Kia Motors (UK) and led the wholly-owned subsidiary to several sales records and through a period of sustained new product activity. With over 30 years of automotive industry experience, Michael’s career also includes corporate and field-based roles with Toyota.
About Kia Motors America
Headquartered in Irvine, California, Kia Motors America has been the highest ranked mass market brand in initial quality for five consecutive years according to J.D. Power**, and is recognized as one of the 100 Best Global Brands and 50 Best Global Green Brands by Interbrand. Kia serves as the "Official Automotive Partner" of the NBA and offers a complete range of vehicles sold through a network of nearly 800 dealers in the U.S., including cars and SUVs proudly assembled in West Point, Georgia.*
For media information, including photography, visit www.kiamedia.com. To receive custom email notifications for press releases the moment they are published, subscribe at www.kiamedia.com/us/en/newsalert.
*The Telluride, Sorento and Optima (excluding Hybrid and Plug-In Hybrid) are assembled in the United States from U.S. and globally sourced parts.
# # #
Press Release Information Notice
Kia makes reasonable efforts to ensure that information contained in its press releases is accurate at the time of posting. However, Kia makes no guarantees or warranties, either expressed or implied, with respect to the accuracy of the content presented. Kia may, from time to time, update its press releases, issue new releases, or publish other information to reflect new information.
Support All Press Releases Paul Blanco Good Car Company
Sourced by Paul Blanco New Car Mitsubishi and Kia Dealerships.
Paul Blanco is the leader in new and used cars throughout the west coast of the United States
Friday, October 11, 2019
Hyundai Motor America and Kia Motors America Resolve Engine Litigation
Automakers Provide Assistance to Owners of Hyundai and Kia Vehicles Equipped with Theta II GDI Engines
ORANGE COUNTY, Calif. Oct. 10, 2019 – Hyundai Motor America and Kia Motors America have entered into an agreement to resolve class action litigation with owners of certain vehicles equipped with Theta II gasoline direct injection (GDI) engines. This agreement will provide various cash compensation options, lifetime warranties, free inspection and repair of the covered engines, and installation of a software update Hyundai and Kia introduced after the case was filed to enhance safety and address this engine’s performance. It also provides additional remedies to address engine concerns and assist customers with these vehicles.
Vehicles in the settlement include 2.3 million Hyundai (2011-2019 Sonata, 2013-2018 Santa Fe Sport, 2019 Santa Fe, and 2014, 2015, 2018, and 2019 Tucson) and 1.8 million Kia (2011-2019 model year Sportage, Sorento and Optima) vehicles with 2.0-liter and 2.4-liter GDI engines.
Terms of the settlement include:
- Cash reimbursement for certain past repairs and related expenses, such as towing and rental cars;
- Cash compensation for certain past trade-ins, sales, and in lieu of certain repairs;
- Free inspection and repair or replacement of damaged engines;
- Lifetime warranty coverage for short block assembly repairs for original and subsequent owners;
- Free installation of the knock sensor detection system software update;
- Various goodwill compensation for customers inconvenienced by previous lengthy engine repair times, denied warranty coverage, and vehicle loss of value, among other provisions
“Reflecting our commitment to customer satisfaction, Hyundai is pleased to resolve this class action litigation,” said Jerry Flannery, chief legal officer, Hyundai Motor America. “This settlement acknowledges our sincere willingness to take care of customers impacted by issues with this engine’s performance and recognizes the many actions we are already taking to assist our customers.”
“As the latest demonstration of Kia’s commitment to vehicle quality and customer satisfaction, this resolution is the result of good-faith efforts among all parties to resolve owner concerns,” said John Yoon, executive vice president and general counsel, Kia Motors America.
“This settlement is a tremendous outcome for the settlement class and provides significant relief and reimbursements to Hyundai and Kia customers,” said Matthew Schelkopf of Sauder Schelkopf LLC.
“This settlement will put money in the pockets of car owners and lessors and increase safety and reliability,” stated Adam Gonnelli of The Sultzer Law Group P.C.
“This is a win for consumers and we look forward to presenting the settlement to the court and getting funds distributed to class members,” added Steve Berman of Hagens Berman Sobol Shapiro LLP.
The Court is expected to review the proposed settlement for preliminary approval in October 2019. Assuming preliminary approval is granted, notices will be sent to individual class members pursuant to the terms of the settlement.
These class action lawsuits are In re: Hyundai and Kia Engine Litigation, Case No. 8:17-cv-00838, and Flaherty v. Hyundai Motor Company, et al., Case No. 18-cv-02223, in the U.S. District Court for the Central District of California. Plaintiffs in these two actions are represented by Matthew D. Schelkopf of Sauder Schelkopf, Adam Gonnelli of The Sultzer Law Group, Bonner Walsh of Walsh PLLC, and Steve Berman of Hagens Berman Sobol Shapiro LLP.
Knock Sensor Detection System Software Update
Each of these vehicles is part of an ongoing product improvement campaign to install an engine monitoring technology called a knock sensor detection system. The technology uses software innovations and leverages existing engine sensors to continuously monitor for symptoms that may precede an engine failure. It is installed free of charge for all vehicles in the settlement by Hyundai and Kia dealers.
The knock sensor detection system software continuously monitors engine vibrations for unusual dynamic patterns that develop as an engine connecting rod bearing wears abnormally in a way that could later cause engine seizure. If vibrations caused by bearing wear start to occur, the malfunction indicator lamp will blink continuously and the vehicle will be placed in a temporary engine protection mode with reduced power and acceleration. In this temporary mode, drivers maintain full control of the vehicle as brakes, steering and safety devices such as airbags remain operational.
The vehicle can continue to be operated for a limited time in engine protection mode to enable the customer to safely drive it to a dealer for inspection and repair, but acceleration will be slower, with a reduced maximum speed of approximately 60 to 65 mph and a limited engine speed of approximately 1,800 to 2,000 rpm. The knock sensor technology has been evaluated by an independent, leading engineering and scientific consulting firm. When tested using a fleet of vehicles specifically prepared to test the knock sensor technology, the knock sensor system successfully detected failing connecting rod bearings and responded with activation of the engine protection mode.
Hyundai Motor America
At Hyundai Motor America, we believe everyone deserves better. From the way we design and build our cars to the way we treat the people who drive them, making things better is at the heart of everything we do. Hyundai’s technology-rich product lineup of cars, SUVs and alternative-powered electric and fuel cell vehicles is backed by Hyundai Assurance—our promise to create a better experience for customers. Hyundai vehicles are sold and serviced through more than 830 dealerships nationwide and nearly half of those sold in the U.S. are built at Hyundai Motor Manufacturing Alabama. Hyundai Motor America is headquartered in Fountain Valley, California, and is a subsidiary of Hyundai Motor Company of Korea. Please visit our media website at www.HyundaiNews.com.
Kia Motors America
Headquartered in Irvine, California, Kia Motors America has been the highest ranked mass market brand in initial quality for five consecutive years according to J.D. Power, and is recognized as one of the 100 Best Global Brands and 50 Best Global Green Brands by Interbrand. Kia serves as the "Official Automotive Partner" of the NBA and offers a complete range of vehicles sold through a network of nearly 800 dealers in the U.S., including cars and SUVs proudly assembled in West Point, Georgia. For media information, including photography, visit www.kiamedia.com.
Sauder Schelkopf LLC
Sauder Schelkopf is a leading national class action law firm that advances the interests of its clients by recovering the money they have lost and obtaining the relief to which they are entitled. The lawyers at Sauder Schelkopf have recovered millions of dollars on behalf of consumers and have earned their reputation as skilled and aggressive veteran litigators. For firm information, visit www.sauderschelkopf.com
The Sultzer Law Group P.C.The attorneys at the The Sultzer Law Group have advocated for the rights of consumers and workers, successfully challenging some of the nation’s largest and most powerful corporations for a variety of improper, unfair, and deceptive business and employment practices in a wide range of industries including, the automobile, financial, cosmetic, food, and supplement industries. For firm information visit www.thesultzerlawgroup.com.
Hagens Berman Sobol Shapiro LLP
Hagens Berman Sobol Shapiro LLP is a class-action litigation firm that seeks to protect the rights of consumers, workers, whistleblowers, investors and others. We work to make a positive difference in the lives of those most vulnerable to negligence, fraud and wrongdoing. For firm information, visit www.hbsslaw.com.
Support All Press Releases Paul Blanco Good Car Company
Sourced by Paul Blanco New Car Mitsubishi and Kia Dealerships.
Paul Blanco is the leader in new and used cars throughout the west coast of the United States
Tuesday, October 1, 2019
KIA MOTORS AMERICA ANNOUNCES SEPTEMBER SALES
KIA MOTORS AMERICA ANNOUNCES SEPTEMBER SALES
Press Release Information Notice
Kia makes reasonable efforts to ensure that information contained in its press releases is accurate at the time of posting. However, Kia makes no guarantees or warranties, either expressed or implied, with respect to the accuracy of the content presented. Kia may, from time to time, update its press releases, issue new releases, or publish other information to reflect new information.
Support All Press Releases Paul Blanco Good Car Company
Sourced by Paul Blanco New Car Mitsubishi and Kia Dealerships.
Paul Blanco is the leader in new and used cars throughout the west coast of the United States
Monday, September 30, 2019
Hyundai Motor Group Appoints Dr. Jaiwon Shin to Lead New Urban Air Mobility Division
- Diversification effort will allow Hyundai Motor Group to develop smart air mobility solutions
- World-renowned aeronautics expert previously led aviation research and development at NASA
- Urban Air Mobility expected to significantly alleviate long-term ground traffic congestion problems caused by mega-urbanization
SEOUL, September 30, 2019 — Hyundai Motor Group (the Group) has appointed Dr. Jaiwon Shin as Executive Vice President and Head of its newly established Urban Air Mobility Division. An internationally renowned aeronautics engineer, Dr. Shin will lead the company into a new era of developing smart mobility products within the aviation industry.
"Having worked on cutting-edge aviation research and development at NASA for 30 years, I am very excited and humbled by the opportunity to now shape urban air mobility strategy at Hyundai Motor Group,” Dr. Shin said about his new role. “The new team at Hyundai will develop core technologies that will establish the company as a driving force in urban air mobility, a sector that is expected to grow into a market worth USD 1.5 trillion within the next 20 years."
Urban Air Mobility is expected to become a critically important part of the integrated mobility solution for ever-increasing traffic problems in mega cities around the world. Through the Urban Air Mobility Division, Hyundai Motor Group aims to provide innovate and smart mobility solutions never seen or thought of before.
Dr. Shin most recently led the Aeronautics Research Mission Directorate at NASA, where he shaped the agency's aeronautics research and development strategy for over 11 years. His expertise in revolutionary airframe, engine, aviation safety, and air traffic management technologies will allow Hyundai Motor Group to take a lead in the fast-growing urban air mobility sector. The new business unit will develop core technologies and innovative solutions for safe and efficient airborne travel.
During his time at NASA, Dr. Shin oversaw a USD 725 million program to lead many new aeronautics research initiatives, such as supersonic X-plane, electrification of aircraft, UAS traffic management, and Urban Air Mobility.
In addition to his work with NASA, Dr. Shin co-chaired the White House National Science and Technology Council's Aeronautics Science and Technology Subcommittee, which wrote the United States’ first presidential policy for aeronautics research and development. He was also co-chair of the USAF / NASA Executive Research Committee, which facilitated the highest level of coordination of common research needs between United States Air Force and NASA Aeronautics. He is internationally recognized as a leader in the aviation research community and was elected to the Chair of the International Forum for Aviation Research (IFAR) for a two-year term in 2014. Dr. Shin has also been awarded the Presidential Rank Award twice (in 2008 and 2016), the highest accolade presented to public officials in the US federal government.
Dr. Shin received his doctorate in mechanical engineering from the Virginia Polytechnic Institute and State University, Blacksburg, Virginia. His bachelor’s degree is in mechanical engineering from Yonsei University in Korea, and his master’s degree is in mechanical engineering from the California State University, Long Beach.
A graduate of the Senior Executive Fellowship Program at the Kennedy School of Government at Harvard University, Dr. Shin has authored and co-authored more than 20 technical and journal papers. He is a Fellow of the American Institute of Aeronautics and Astronautics and a Fellow of the Royal Aeronautical Society of the United Kingdom.
Career highlights
2008 ~ 2019: Associate Administrator for the Aeronautics Research Mission Directorate, NASA
2008 ~ 2014: Co-chair of the White House National Science & Technology Council's Aeronautics Science & Technology Subcommittee
2008 ~ 2016: Co-chair of the USAF/NASA Executive Research Committee
2014 ~ 2015: Chair of the International Forum for Aviation Research (IFAR)
2012 ~ 2013: Vice Chair of the International Forum for Aviation Research (IFAR)
1986 ~ 1989: Doctorate in mechanical engineering, Virginia Polytechnic Institute and State University, Blacksburg, Virginia, US
1982 ~ 1985: Master's degree in mechanical engineering, California State University, US\
1978 ~ 1982: Bachelor's degree is in mechanical engineering, Yonsei University, Korea
Career accolades
2019 NASA Distinguished Service Medal
2017 Aviation Week Laureate Award for Innovation
2016 Presidential Rank Award for Meritorious Senior Executive (US)
2008 Presidential Rank Award for Meritorious Senior Executive (US)
* Other recognitions from NASA include NASA Outstanding Leadership Medal and NASA Exceptional Service Medal
About Hyundai Motor Group
Hyundai Motor Group is a global corporation that has created a value chain based on automobiles, steel, and construction and includes logistics, finance, IT and service. With about 250,000 employees worldwide, the group’s automobile brands include Hyundai Motor Co. and Kia Motors Corp. Armed with creative thinking, cooperative communication and the will to take on all challenges, we are working to create a better future for all.
For more information on Hyundai Motor Group, please see:
https://www.hyundaimotorgroup.com
Contact:
Jin Cha
Global PR Team / Hyundai Motor
sjcar@hyundai.com
+82 2 3464 2128
Support All Press Releases Paul Blanco Good Car Company
Sourced by Paul Blanco New Car Mitsubishi and Kia Dealerships.
Paul Blanco is the leader in new and used cars throughout the west coast of the United States
Monday, September 23, 2019
Hyundai Motor Group and Aptiv to Form Autonomous Driving Joint Venture
- Joint venture advances the development of production-ready autonomous driving systems for commercialization of Level 4 and 5 self-driving technologies
- Autonomous driving platform will be available for robotaxi providers, fleet operators, and automotive manufacturers in 2022
- Partnership reinforces Hyundai Motor Group and Aptiv’s shared vision of making mobility more safe, green, connected, and accessible
- Hyundai Motor Group and Aptiv’s combined contributions total USD 4 billion, with each owning 50 percent stake in the joint venture
SEOUL / DUBLIN / BOSTON, September 23, 2019 – Hyundai Motor Group and Aptiv announced today that they will be forming an autonomous driving joint venture. This partnership brings together one of the industry’s most innovative vehicle technology providers and one of the world’s largest vehicle manufacturers.
The joint venture will advance the design, development and commercialization of SAE Level 4 and 5 autonomous technologies, furthering the partners’ leadership position in the global autonomous driving ecosystem. The joint venture will begin testing fully driverless systems in 2020 and have a production-ready autonomous driving platform available for robotaxi providers, fleet operators, and automotive manufacturers in 2022.
As part of the agreement, Hyundai Motor Group and Aptiv will each have a 50 percent ownership stake in the joint venture, valued at a total of USD 4 billion. Aptiv will contribute its autonomous driving technology, intellectual property, and approximately 700 employees focused on the development of scalable autonomous driving solutions. Hyundai Motor Group affiliates — Hyundai Motor, Kia Motors and Hyundai Mobis — will collectively contribute USD 1.6 billion in cash at closing and USD 0.4 billion in vehicle engineering services, R&D resources, and access to intellectual property.
The partnership reinforces the companies’ shared vision of making mobility more safe, green, connected, and accessible by advancing the development and commercialization of the highest-performing and safest autonomous vehicles.
“The new joint venture marks the start of a journey with Aptiv toward our common goal of commercializing autonomous driving,” said Euisun Chung, Executive Vice Chairman, Hyundai Motor Group. “The combined capabilities of Aptiv, a leading global technology company, and our Group, a global OEM, will create invaluable synergy to lead the autonomous driving landscape.”
“This partnership further strengthens Aptiv’s industry-leading capabilities in the development of advanced driver assistance systems, vehicle connectivity solutions, and Smart Vehicle Architecture,” said Kevin Clark, President and Chief Executive Officer, Aptiv. “Hyundai Motor Group’s cutting-edge engineering and R&D capabilities make them our partner of choice to advance the development of a production-ready autonomous platform.”
The new joint venture will be led by Karl Iagnemma, President, Aptiv Autonomous Mobility and headquartered in Boston, with technology centers across the United States and Asia, including Korea. Hyundai Motor Group and Aptiv will each appoint an equal number of directors to govern the joint venture.
The joint venture’s Korea operations will serve as a key technology center as well as a base for vehicle modification and a testbed for autonomous driving mobility service platforms. Hyundai Motor Group’s strong presence in the local automotive market and the country’s world-class 5G infrastructure are anticipated to spur the partnership’s development efforts.
Hyundai Motor Group and Aptiv: Creating a Safe and Trusted Driverless World
Hyundai Motor Group has created a value chain based on automobiles, steel, and construction, and its business areas also include logistics, finance, IT and service. With approximately 250,000 employees worldwide, the Group’s key affiliates include auto-making arms Hyundai Motor and Kia Motors as well as auto-parts making unit Hyundai Mobis.
Hyundai Motor Group’s latest investment epitomizes the Korean automotive leader's ongoing efforts towards realizing fully autonomous driving with the highest level of safety. Hyundai first began testing autonomous vehicles on public roads in the U.S. in 2015 with a license from the state of Nevada.
During CES in 2017, Hyundai advanced its trials in urban environments, demonstrating self-driving technologies to the public with its autonomous IONIQ model. In February 2018, Hyundai successfully demonstrated Level 4 autonomous driving technology on a highway, as five NEXO fuel cell electric vehicles travelled 190 kilometers from Seoul to Pyeonchang without any driver engagement.
Aptiv is a global technology company with an industry-leading portfolio of advanced mobility solutions that includes perception systems, software algorithms, compute platforms, and data and power distribution.
Aptiv’s autonomous driving engineers have been leading the development of software for high-performing self-driving cars since the historic 2007 DARPA Challenge. The company conducted the first coast-to-coast automated drive in the United States in 2015, and was the first to commercially deploy autonomous vehicles globally.
Aptiv operates more than 100 autonomous vehicles on multiple continents, across a range of driving conditions and environments, including the largest commercial deployment of autonomous vehicles in Las Vegas with a ride-hailing network. To date, the company has provided more than 70,000 paid autonomous rides, servicing more than 2,700 destinations, while maintaining a near perfect average passenger rating of 4.95-out-of-five stars.
The transaction is subject to regulatory approval and other customary closing conditions and is expected to close early in the second quarter of 2020.
###
About Aptiv
Aptiv is a global technology company that develops safer, greener and more connected solutions enabling the future of mobility. Visit aptiv.com.
About Hyundai Motor Group
Hyundai Motor Group is a global corporation that has created a value chain based on automobiles, steel, and construction and includes logistics, finance, IT and service. With about 250,000 employees worldwide, the Group’s automobile brands include Hyundai Motor Co. and Kia Motors Corp and Genesis. Armed with creative thinking, cooperative communication and the will to take on all challenges, we are working to create a better future for all. For more information about Hyundai Motor Group, please visit www.hyundaimotorgroup.com
Disclaimer: Hyundai Motor Group believes the information contained herein to be accurate at the time of release. However, the company may upload new or updated information if required and assumes that it is not liable for the accuracy of any information interpreted and used by the reader.
Forward-Looking Statements
This press release, as well as other statements made by Aptiv PLC (the "Company"), contain forward-looking statements that reflect, when made, the Company's current views with respect to current events, the proposed notes offering, the redemption of the 2020 Notes and financial performance. Such forward-looking statements are subject to many risks, uncertainties and factors relating to the Company's operations and business environment, which may cause the actual results of the Company to be materially different from any future results. All statements that address future operating, financial or business performance or the Company's strategies or expectations are forward-looking statements. Factors that could cause actual results to differ materially from these forward-looking statements are discussed under the captions "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" in the Company's filings with the Securities and Exchange Commission. New risks and uncertainties arise from time to time, and it is impossible for us to predict these events or how they may affect the Company. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events and/or otherwise, except as may be required by law.
Aptiv Contacts Hyundai Motor Group Contact
Sarah McKinney Jin Cha
VP, Media Relations Lead, Global PR Team / Hyundai Motor Group
mediarelations@aptiv.com sjcar@hyundai.com
+1-857-338-6021 +82-2-3464-2128
Elena Rosman
VP, Investor Relations
elena.rosman@aptiv.com
+1-248-813-5091
Support All Press Releases Paul Blanco Good Car Company
Sourced by Paul Blanco New Car Mitsubishi and Kia Dealerships.
Paul Blanco is the leader in new and used cars throughout the west coast of the United States
Subscribe to:
Posts (Atom)