Archive for the ‘Hyundai Assurance Program’ Category

Hyundai's Assurance Program has been a big hit with consumers and a big boost to Hyundai's bottom line. The program -- which allows buyers who lose their jobs to return Hyundai vehicles -- was the first such program out of the gate, and it has contributed to the astounding 20% sales increase Hyundai has racked up over the first three quarters of 2009. (That figure is doubly shocking when you consider that during the same period, auto sales in the U.S. fell about 30% across-the-board.) Not surprisingly, Hyundai now says it may continue the Assurance Program into 2010. Since the company has had to refund purchases for fewer than 50 customers...

The 2009 Tokyo Motor Show has released its secrets, and the High Gear Media crew has covered all the latest from the Japanese capital. Apart from a Lexus supercar, a few EVs and new sports cars from Toyota and Honda, there was not much else to shout about it. [2009 Tokyo Motor Show]

Of more concern is the fact that virtually every major foreign automaker chose to shun this year’s Tokyo event, citing economic concerns and the importance of other events on the global automotive calendar. [MSNBC]

Nissan CEO Carlos Ghosn confirmed today the automaker is working on a new all-electric car for its upmarket Infiniti brand. He also noted that...