PAUL MCVEIGH
Volkswagen is just as concerned about what's in its rear-view mirror as what
is ahead in its quest to become the world's biggest automaker. The German
giant, which aims to topple Toyota from its No. 1 spot, sees Korea's
Hyundai-Kia group as a bigger rival than the struggling Japanese company."I
have the most respect for Hyundai," VW CEO Martin Winterkorn told the German
news magazine Focus, naming Hyundai's improved quality and the weakness of
the Korean currency as reasons why Hyundai is on his mind. "Hyundai has now
learned how to build good cars," added Winterkorn.His comments didn't
surprise industry watchers."He's right," said Stefan Bratzel, who heads an
automotive research center at the Bergisch Gladbach University of Applied
Sciences in Germany. "Hyundai has enjoyed enormous growth in sales and
profitability in recent years. Toyota should not be forgotten but Hyundai is
a very serious rival."Bratzel said Hyundai is strong in Asia, especially in
India where it is the No. 2 automaker after Suzuki with a 16 percent market
share, and in China, where the Korean company is enjoying fast growth.IHS
Automotive auto analyst Ian Fletcher said Hyundai and Kia can now match
Japanese automakers for quality. "They are not just building cheap cars.
They are building cheap, good cars," he said.Hyundai has boosted sales in
North America with innovative sales methods, Fletcher said, and its new
Sonata sedan is doing well in the United States against Toyota's Camry and
Honda's Accord.In Europe, the Korean automaker benefited enormously from
government scrappage incentives, which many consumers used to buy cheap,
small cars such as the Hyundai i10."The only thing that lets them down is
their brand image. Hyundai is not yet established as a respectable brand,"
Fletcher said.Respectability could become less of a problem for Hyundai
following Winterkorn's comments.
I know some will say, well a REAL VW made in Germany would never do
that. Well, it's their reputation, their logo they're sticking on it,
and it's supposed to be to the same quality. A poor rep is hard to
overcome...I'm a good example - I'll never buy another...
Baloney. Oil drain plug not safety wired on Hyundai. That means
it can vibrate loose and fall out dumping all oil overboard. Not
only is your engine ruined, but you are responsible for the
$1,000,000 in damages for the multiple-car accident you cause
from all that oil on the road. GM has been safety wiring plugs
all along for the past 75 years in accordance with standard
aircraft engineering practice.
Never seen a safety wired oil plug on an automobile
ditto.... what US cars have wired oil plugs?
Perhaps they do in GM aircraft but they have not in cars Thanks for the
laugh.
I'm on my second Hyundai. Great quality, trouble free driving.
HAHAHAHAHA
wired drain plugs on cars???
loser
Kev
On what planet does GM do this? Moron.
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No sir, GM has not, at least in the USA, safety wired the sump
drain plug.