Kia K7 Named Cadenza in US/EU - First Official Images
Kia Motors has released the first official images of the all-new K7 premium executive sedan today, ahead of its domestic sales launch on November 24th.
The automaker has also announced that the K7 will be called "Cadenza" in markets outside of Korea including North America, Europe (sans Britain), and the Middle East. Previewed earlier this year at the Seoul International Motor Show with the KND-5 Concept, the Schreyer-designed sedan will slot between the Lotze (Optima/Magentis) and Opirus (Amanti) in Korea. The Cadenza will make its overseas debut in Saudi Arabia/UAE/Kuwait later this year.
According to Kia, the K7 nomenclature is an amalgamation of "Kia" (or "Korea", the Greek word "Kratos", or "Kinetic") and the "lucky number" seven. The front-wheel drive K7 is the first vehicle in the domestic Kia line-up to adapt the brand's new alphanumeric naming system proposed by Kia Chief Design Officer Peter Schreyer. The export-market model's Cadenza name derives from an Italian musical term used to describe an elaborate, ornamental flourish for a concerto or aria.The forthcoming K7/Cadenza features a sporty, sleek appearance emphasized by a bold headlamp design with swooping LED surrounds (recalling the late Audi's) and a dynamic side character line. The prominent, gloss-black front grille embodies Kia's trademark tiger-tooth design, while elegant LED taillamps evoke a high-tech feel never ostensible in past Kia models. Stylish fifteen-spoke 18-inch alloy wheels compliment the athletic presence of the car.
[Source: Kia Motors]
Continue reading for the full article and new HI-RES images.
Soon-Nam Lee, Director of the Overseas Marketing Group, Kia Motors Corporation, said, “New Cadenza will showcase the continuing evolution in Kia’s striking design language through the harmonious blend of light and lines. It will also present a new concept in luxury sedans in terms of performance and technology.”
The interior of the K7/Cadenza is highlighted by a futuristic H-shaped "floating" dashboard. A welcome system turns on the exterior puddle and interior lights when the driver approaches the car, while LED interior mood lighting runs along the dashboard to the door trim to create a welcoming atmosphere within the car. Premium amenities include an available heated steering wheel, power extendable seat cushions, automatic windshield defogger, and ventilated front seats. Other conveniences include parking guide system, rear heated seats, panoramic sunroof, and lane-departure warning system.
Official details on the available engines of the K7/Cadenza haven't been announced yet. A 2.4L Theta II GDI (gasoline direct-injection) 4-cylinder engine, producing 201 horsepower, is a very likely candidate. A more powerful 279 horsepower 3.5L Lambda II V6, also found in the US-spec 2011 Sorento, has been confirmed by the automaker, and will be available in the Korean market as well as in export markets. European models will likely receive the 200 horsepower 2.2L R turbodiesel found in the new Sorento.
2011 Kia K7 (VG) Official Images Leaked: Spy Feed Update III
Kia Motors is set to launch an all-new premium executive car, code-named "VG", this November in South Korea. Previewed earlier this year at the Seoul International Motor Show with the KND-5 Concept, the Schreyer-designed sedan will slot between the Optima/Magentis and Amanti/Opirus when it hits the showrooms later this year. Kia Motors has recently confirmed that the Korean-market "VG" will be named "K7" and will be the first vehicle in the line-up to adopt the brand's new alphanumeric nomenclature system.The K7 will be available with a wide variety of fuel-efficient four- and six-cylinder engines, including a 2.4L Theta II inline-4 and a 3.5L Lambda II V6. The 2.4L four-cylinder engine will feature Kia’s latest direct injection gasoline (GDI) technology and generate 201 horsepower. The more potent 3.5L V6, also found in the new Sorento, produces 279 horsepower and 247 lb.ft of torque. In the Korean market, the K7 will also be available in a smaller 2.2L inline-4 configuration. All engines will be mated to a 6-speed automatic transmission.
The forthcoming K7 sedan will be equipped with a plethora of innovations and features including LED headlamps and taillamps, available ventilated front seats, parking guide system, rear heated seats, panoramic sunroof, and lane-departure warning system.
The K7 will share the same front-wheel drive configuration as the next-generation Hyundai Azera/Grandeur (HG). Rumors also report that a Haldex all-wheel drive configuration will also be available.
The domestic-market K7 sedan will reach Korean showrooms late November of this year, while North American and European sales are scheduled to commence in mid-2010. Stay tuned for frequent spy shot and information updates in the weeks to come.
[Source: ceedclub.hu (Leaked Images)]
Read more to view more images and spyshots of the K7.
Honda Hit Hard By Global Economic Downturn
Honda Hit Hard By Global Economic Downturn
by Shaun Parker
That pesky recession! Who does it think it is, coming over here, taking our jobs, hitting everyone in the pocket, grabbing all the headlines, making the lives of us Brits a misery? The best way for Britain to cope with the dire straits that is the recession, is to put on a brave face. Britain may not be the best in the world at many things these days, but one thing we are good at is having a laugh in the face of adversity.The latest news that one of the world’s largest car manufacturers, Honda, are to stop production at their British factory in Swindon for the next four months, affecting 75 per cent of Honda’s 4,000 strong British factory workforce.
Honda’s global third quarter net profit has dropped by a staggering 89 per cent, and even though Business Secretary Lord Mandelson announced a government support package for the UK car industry which could be up to 2.3 billion pounds, the Japanese car giant has had to go ahead with the longest factory shutdown in recent history.
Many car manufacturers have had to make cut-backs in production simply because demand for brand new cars during these difficult financial times is way below levels of supply - Honda dealers have not experienced such a slowdown in turnover that something just had to give and it makes perfect business sense to cut production, sit back and reflect on how the next quarter pans out.
Despite Honda stating that they jobs are safe, it is common knowledge that over a quarter of factory staff have taken up voluntary redundancy, perhaps as they see no end to the gloom and doom in the near future.
Fears that the halt in production in Swindon may continue past the next four months have been dispelled, or at least there lies some hope, as Honda are going ahead with part orders - a measure that they surely would not take if they felt that production would continue to stop for an even longer time period.
Honda usually produce 240,000 cars from their Swindon factory, but that figure will halve over the course of the next year and elsewhere, global production will be slashed by 56,000 units. Honda is yet to announce whether employees from their other business sectors and departments in the U, such as Honda dealers and administration staff will be affected during the next year, which finance experts are saying will continue in recession, possibly through to 2010.
Honda dealers have obviously experienced a slowdown in business, both in the sale of brand new vehicles - the bread and butter, where the highest margins are made - and also used cars from Honda dealers.
Figures are set to continue to decrease for the duration of 2009 as Honda economists have forecast a net profit for the year to March 2009 to be less than half of its earlier forecast of 185 billion yen. The company’s net profit for the quarter ending December 2008 was 180 billion yen below the mark reached during the same quarter the previous year - a staggering example of just how badly affected the car industry has been since the global economy took a nosedive.
The Swindon factory workforce will obviously be concerned, but will no doubt be putting on a brave face, in true British fashion. Let’s hope, like the global economy, their fortunes can change over the next year.
by Shaun Parker
That pesky recession! Who does it think it is, coming over here, taking our jobs, hitting everyone in the pocket, grabbing all the headlines, making the lives of us Brits a misery? The best way for Britain to cope with the dire straits that is the recession, is to put on a brave face. Britain may not be the best in the world at many things these days, but one thing we are good at is having a laugh in the face of adversity.The latest news that one of the world’s largest car manufacturers, Honda, are to stop production at their British factory in Swindon for the next four months, affecting 75 per cent of Honda’s 4,000 strong British factory workforce.
Honda’s global third quarter net profit has dropped by a staggering 89 per cent, and even though Business Secretary Lord Mandelson announced a government support package for the UK car industry which could be up to 2.3 billion pounds, the Japanese car giant has had to go ahead with the longest factory shutdown in recent history.
Many car manufacturers have had to make cut-backs in production simply because demand for brand new cars during these difficult financial times is way below levels of supply - Honda dealers have not experienced such a slowdown in turnover that something just had to give and it makes perfect business sense to cut production, sit back and reflect on how the next quarter pans out.
Despite Honda stating that they jobs are safe, it is common knowledge that over a quarter of factory staff have taken up voluntary redundancy, perhaps as they see no end to the gloom and doom in the near future.
Fears that the halt in production in Swindon may continue past the next four months have been dispelled, or at least there lies some hope, as Honda are going ahead with part orders - a measure that they surely would not take if they felt that production would continue to stop for an even longer time period.
Honda usually produce 240,000 cars from their Swindon factory, but that figure will halve over the course of the next year and elsewhere, global production will be slashed by 56,000 units. Honda is yet to announce whether employees from their other business sectors and departments in the U, such as Honda dealers and administration staff will be affected during the next year, which finance experts are saying will continue in recession, possibly through to 2010.
Honda dealers have obviously experienced a slowdown in business, both in the sale of brand new vehicles - the bread and butter, where the highest margins are made - and also used cars from Honda dealers.
Figures are set to continue to decrease for the duration of 2009 as Honda economists have forecast a net profit for the year to March 2009 to be less than half of its earlier forecast of 185 billion yen. The company’s net profit for the quarter ending December 2008 was 180 billion yen below the mark reached during the same quarter the previous year - a staggering example of just how badly affected the car industry has been since the global economy took a nosedive.
The Swindon factory workforce will obviously be concerned, but will no doubt be putting on a brave face, in true British fashion. Let’s hope, like the global economy, their fortunes can change over the next year.
Honda Hit Hard By Global Economic Downturn
Honda Hit Hard By Global Economic Downturn
by Shaun Parker
That pesky recession! Who does it think it is, coming over here, taking our jobs, hitting everyone in the pocket, grabbing all the headlines, making the lives of us Brits a misery? The best way for Britain to cope with the dire straits that is the recession, is to put on a brave face. Britain may not be the best in the world at many things these days, but one thing we are good at is having a laugh in the face of adversity.The latest news that one of the world’s largest car manufacturers, Honda, are to stop production at their British factory in Swindon for the next four months, affecting 75 per cent of Honda’s 4,000 strong British factory workforce.
Honda’s global third quarter net profit has dropped by a staggering 89 per cent, and even though Business Secretary Lord Mandelson announced a government support package for the UK car industry which could be up to 2.3 billion pounds, the Japanese car giant has had to go ahead with the longest factory shutdown in recent history.
Many car manufacturers have had to make cut-backs in production simply because demand for brand new cars during these difficult financial times is way below levels of supply - Honda dealers have not experienced such a slowdown in turnover that something just had to give and it makes perfect business sense to cut production, sit back and reflect on how the next quarter pans out.
Despite Honda stating that they jobs are safe, it is common knowledge that over a quarter of factory staff have taken up voluntary redundancy, perhaps as they see no end to the gloom and doom in the near future.
Fears that the halt in production in Swindon may continue past the next four months have been dispelled, or at least there lies some hope, as Honda are going ahead with part orders - a measure that they surely would not take if they felt that production would continue to stop for an even longer time period.
Honda usually produce 240,000 cars from their Swindon factory, but that figure will halve over the course of the next year and elsewhere, global production will be slashed by 56,000 units. Honda is yet to announce whether employees from their other business sectors and departments in the U, such as Honda dealers and administration staff will be affected during the next year, which finance experts are saying will continue in recession, possibly through to 2010.
Honda dealers have obviously experienced a slowdown in business, both in the sale of brand new vehicles - the bread and butter, where the highest margins are made - and also used cars from Honda dealers.
Figures are set to continue to decrease for the duration of 2009 as Honda economists have forecast a net profit for the year to March 2009 to be less than half of its earlier forecast of 185 billion yen. The company’s net profit for the quarter ending December 2008 was 180 billion yen below the mark reached during the same quarter the previous year - a staggering example of just how badly affected the car industry has been since the global economy took a nosedive.
The Swindon factory workforce will obviously be concerned, but will no doubt be putting on a brave face, in true British fashion. Let’s hope, like the global economy, their fortunes can change over the next year.
by Shaun Parker
That pesky recession! Who does it think it is, coming over here, taking our jobs, hitting everyone in the pocket, grabbing all the headlines, making the lives of us Brits a misery? The best way for Britain to cope with the dire straits that is the recession, is to put on a brave face. Britain may not be the best in the world at many things these days, but one thing we are good at is having a laugh in the face of adversity.The latest news that one of the world’s largest car manufacturers, Honda, are to stop production at their British factory in Swindon for the next four months, affecting 75 per cent of Honda’s 4,000 strong British factory workforce.
Honda’s global third quarter net profit has dropped by a staggering 89 per cent, and even though Business Secretary Lord Mandelson announced a government support package for the UK car industry which could be up to 2.3 billion pounds, the Japanese car giant has had to go ahead with the longest factory shutdown in recent history.
Many car manufacturers have had to make cut-backs in production simply because demand for brand new cars during these difficult financial times is way below levels of supply - Honda dealers have not experienced such a slowdown in turnover that something just had to give and it makes perfect business sense to cut production, sit back and reflect on how the next quarter pans out.
Despite Honda stating that they jobs are safe, it is common knowledge that over a quarter of factory staff have taken up voluntary redundancy, perhaps as they see no end to the gloom and doom in the near future.
Fears that the halt in production in Swindon may continue past the next four months have been dispelled, or at least there lies some hope, as Honda are going ahead with part orders - a measure that they surely would not take if they felt that production would continue to stop for an even longer time period.
Honda usually produce 240,000 cars from their Swindon factory, but that figure will halve over the course of the next year and elsewhere, global production will be slashed by 56,000 units. Honda is yet to announce whether employees from their other business sectors and departments in the U, such as Honda dealers and administration staff will be affected during the next year, which finance experts are saying will continue in recession, possibly through to 2010.
Honda dealers have obviously experienced a slowdown in business, both in the sale of brand new vehicles - the bread and butter, where the highest margins are made - and also used cars from Honda dealers.
Figures are set to continue to decrease for the duration of 2009 as Honda economists have forecast a net profit for the year to March 2009 to be less than half of its earlier forecast of 185 billion yen. The company’s net profit for the quarter ending December 2008 was 180 billion yen below the mark reached during the same quarter the previous year - a staggering example of just how badly affected the car industry has been since the global economy took a nosedive.
The Swindon factory workforce will obviously be concerned, but will no doubt be putting on a brave face, in true British fashion. Let’s hope, like the global economy, their fortunes can change over the next year.
Hyundai Reports September Global Sales
Hyundai Motor Company posted its global sales data for the month of September and reported a 61.3 percent rise compared to a year earlier. This increase was aided by the launch of the redesigned Tucson and Sonata, as well as strong sales from overseas plants. Domestic sales rose 118.0 percent to 68,570 units in September from 31,449 units a year earlier. This can be attributed mainly to the Korean government’s tax benefits offered since May to consumers who exchange their vehicles older than 10 years for new ones. More working days in Korea, compared to September 2008, also influenced the results.
The best-selling model in Korea last month was the Sonata, selling 16,299 units. Of this figure, 9,517 units were the redesigned YF Sonata that was launched in Korea on September 17. Cumulative overseas sales, including both exports from Korea and sales from overseas plants, rose by 50.0 percent to 238,611 units in September, up from 159,031 units a year earlier. Strong sales from Hyundai’s overseas plants in China, India and the Czech Republic contributed to this increase.
Exports from Korea increased by 43.9% to 88,331 units for the month compared to a year earlier, while sales from overseas plants rose 53.9 percent to 150,280 units.
[Source: Hyundai]
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