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☆ Hyundai and Kia models topped US auto theft rankings last year
▼ + stars: | 2024-05-10 | by ( Peter Valdes-Dapena | ) edition.cnn.com time to read: +3 min

In all, six of the top 10 most-stolen vehicles in America last year were Hyundai and Kia models. The list included the Kia Soul, Kia Forte, and Kia Sportage. Certain older Hyundai and Kia models made before 2023 are particularly vulnerable to car thieves. Hyundai and Kia operate as separate companies in the United States, but Hyundai Motor Group owns a large stake in Kia, and various Hyundai and Kia models share much of their engineering. More than 1.1 million Kia vehicles nationwide have had anti-theft software installed, according to Kia.

Persons: Kia, Kia Forte, Kia Sportage, ” Kia, James Bell Organizations: CNN, National Insurance, Hyundai, Kia, Chevrolet Silverado, Silverado, Honda Accord, Honda Civic, Ford, Crime Information Center, Data, Hyundai Motor Group Locations: America, United States

☆ A boomer Uber driver made over $100,000 but lost $80,000 to expenses and commissions. He shares why he plans to keep driving.
▼ + stars: | 2024-02-05 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +7 min

But after Uber took its cut and his driving expenses were accounted for, his profits fell to about $20,000. How commissions and driving expenses reduce drivers' profitsOf Ceran's roughly $83,000 in total business expenses, $38,000 consisted of Uber's booking and service fees — effectively the commission the company takes from drivers' earnings. After accounting for Uber's commission — and before expenses — Ceran saw as much as $65,000 in Uber income enter his bank account in 2023. The $44,000 deduction was an estimate for tax purposes, so it's possible his true vehicle expenses weren't quite that high. His first year driving Uber, 2016, was more eventful than anticipated: He got caught in Hurricane Matthew while driving in Norfolk, Virginia.

Persons: —, Ceran, Kia Forte, Uber, he's, they're, Lisa Greene, Lewis, Greene, — Ceran, he'd Organizations: Service, Business, BI Locations: Virginia, Hurricane, Norfolk , Virginia

☆ A boomer Uber driver made over $100,000 but lost $80,000 to expenses and fees. He shares why he plans to keep driving.
▼ + stars: | 2024-02-05 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +7 min

A boomer Uber driver's business had over $100,000 in earnings but only $20,000 in profits. But after Uber took its cut and his driving expenses were accounted for, his profits fell to about $20,000. The $44,000 deduction was an estimate for tax purposes, so it's possible his true vehicle expenses weren't quite that high. AdvertisementThat said, commissions and driving expenses took a significant cut out of his business's profitability. His first year driving Uber, 2016, was more eventful than he anticipated: He got caught in Hurricane Matthew while driving in Norfolk, Virginia.

Persons: boomer, —, Dean Ceran, Kia Forte, Uber, he's, Ceran, it's, haven't, they're, Lisa Greene, Lewis, Greene, — Ceran Organizations: Uber, Service, BI Locations: Virginia, Hurricane, Norfolk , Virginia

TACOMA, Wash. (AP) — No one will face criminal charges following a two-car crash in Tacoma, Washington, that killed six Arizona residents in July, according to Pierce County prosecutors. A seventh occupant — a Phoenix man — survived with serious injuries but had no memory of the crash. Esparza was driving, and the Phoenix man who survived was in the front passenger’s seat. The driver and passenger in the BMW — a 42-year-old Tacoma man and his 40-year-old wife — were uninjured. There was insufficient evidence to prove the BMW driver acted with disregard for the safety of others, according to Deputy Prosecuting Attorney Elizabeth Dasse.

Persons: Alexander, Kia, —, Felix Y Begay, Lisa Esparza, Javan Runnels, Calsie Sockyma, Erick Tsosie, Runnels, Sockyma, Tsosie —, Esparza, Elizabeth Dasse Organizations: Patrol, Tacoma News Tribune, BMW, Joseph Medical, Amway, News Tribune, Kia, Phoenix, Tacoma Locations: TACOMA, Tacoma , Washington, Arizona, Pierce, St, Tacoma, Kayenta , Arizona, Phoenix, Tuba City , Arizona, Begay

Mr. McCulley had been getting along all right in Newark, N.J., with one Kia Soul between him, his wife and their young daughter. Mr. McCulley was born there and always wanted to return, so they moved to Pompano Beach in early 2022. By that time, after some car swaps, they were driving a 2022 Kia Forte, which he leased for $294 per month. ”She could walk to Aldi and get groceries,” Mr. McCulley said of his wife. For Mr. McCulley, it’s an illustration that even for people who look comfortably middle class, car expenses contribute to a feeling of being overwhelmed.

Persons: McCulley, Kia Forte, Mr, Kia Sorento, you’re, “, ” Organizations: Kia, Aldi, Gas Locations: Newark , N.J, . Florida, Pompano Beach, Carvana, Florida, Pompano

☆ Most cars still cost more to charge than to fill up with gas
▼ + stars: | 2023-08-01 | by ( Alexa St. John | ) www.businessinsider.com time to read: +5 min

While charging and fueling trucks cost the same, other cars and their electric counterparts differ. It's not yet cheaper to charge some electric cars than to fuel them with gas, a new study suggests. It's not yet cheaper to charge many electric cars than it would be to fuel their gas-powered counterparts up with gas, a new study indicates. Trucks cost about the same to fuel and charge, while entry and midlevel cars and SUVs cost more to charge at home and in public than they do to fuel at a gas station, the group found. Luxury-segment EVs may cost less to charge at home than their gas counterparts would cost to fuel.

Persons: Kelley, that's, Kia Forte, it's, Bolt, Kia, Kia EV6 Organizations: Anderson Economic, Trucks, Ford Trucks, Ford, Chevrolet Silverado, GMC, Chevrolet, Nissan Versa, Hyundai, Nissan, Mercedes, Benz, Lexus, Porsche Macan, Porsche, Volkswagen, Nissan Altima, Subaru

☆ Hyundai and Kia agree to $200 million legal settlement over theft issues
▼ + stars: | 2023-05-18 | by ( Peter Valdes-Dapena | ) edition.cnn.com time to read: +4 min

New York CNN —Korean automakers Kia and Hyundai have agreed to an estimated $200 million class action legal settlement over claims that many of the companies’ cars and SUVs are much too easy to steal. The settlement, which could cover up to nine million vehicle owners, provides a total of up to $145 million that will be distributed to owners whose vehicles have been stolen to help cover their out-of-pocket losses. Hyundai and Kia operate as separate companies in the United States, but Hyundai Motor Group owns a large stake in Kia, and various Hyundai and Kia models share much of their engineering. Hyundai dealers will also affix window stickers stating that the vehicle has anti-theft software installed. As part of the agreement, installation of the anti-theft software will now be done automatically along with any dealer service appointment without the owner having to specifically request it.

☆ NYC to give out 500 Apple AirTags for residents to put in their cars to combat car theft
▼ + stars: | 2023-05-01 | by ( Laura Ly | ) edition.cnn.com time to read: +4 min

CNN —Some Kia, Hyundai, and Honda models are getting stolen in New York City so often that the Mayor is giving out Apple AirTags to help residents track their vehicles. The city plans to distribute 500 AirTags to residents to place in their cars to combat car thefts in target neighborhoods, New York City Mayor Eric Adams announced at a press conference on Sunday. Adams made the announcement in a Bronx neighborhood that has seen over 200 car thefts this year alone – the highest of any precinct in the city. The Hyundai and Kia vehicles in question include the Hyundai Santa Fe and Tucson, and the Kia Forte and Sportage, with 2015-2019 model years. So far this year, the NYPD has recorded thefts of 966 Kia and Hyundai cars – marking an increase of 819 cars since last year, Chell said.

CNN —A coalition of attorneys general for 17 states and the District of Columbia on Thursday called for a federal recall of Hyundai and Kia vehicles that they say are unsafe and too easy to steal. “Hyundai and Kia announced that they will initiate voluntary service campaigns to offer software updates for certain vehicles with this starting-system vulnerability. Hyundai and Kia operate as separate companies in the United States, but Hyundai Motor Group owns a large stake in Kia, and various Hyundai and Kia models share much of their engineering. “The bottom line is, Kia’s and Hyundai’s failure to install standard safety features on many of their vehicles have put vehicle owners and the public at risk,” Attorney General Bonta said. The attorneys general’s letter asserts that the ease of theft of these Hyundai and Kia vehicles constitutes a safety hazard and the vehicles fail to meet federal standards for theft prevention.

☆ Hyundai and Kia thefts trend reached New York City
▼ + stars: | 2023-03-30 | by ( Peter Valdes-Dapena | ) edition.cnn.com time to read: +4 min

CNN —Spikes in car thefts of certain Hyundai and Kia models, a trend that began in the American midwest and was spread by how-to videos on social media, has reached America’s biggest city. About 100 of these particularly vulnerable Hyundai and Kia vehicles were stolen in the month of December alone in New York City, according to New York City Police Commissioner Keechant Sewell. Joy rides on Tik TokThese models became the subject of a viral social media trend in which thieves filmed themselves and others stealing Hyundai and Kia vehicles and taking them for a drive. The New York thefts first began to be noticed in The Bronx, the commissioner said, but soon were also happening in other parts of the city. Hyundai and Kia operate as separate companies in the United States, but Hyundai Motor Group owns a large stake in Kia, and various Hyundai and Kia models share much of their engineering.

☆ Factbox: As Tesla prepares a Mexico plant, a look at auto plants in Mexico
▼ + stars: | 2023-03-01 | by ( ) www.reuters.com time to read: +3 min

[1/2] A general view shows the General Motors assembly plant in Ramos Arizpe, in Coahuila state, Mexico February 11, 2021. REUTERS/Daniel BecerrilFeb 28 (Reuters) - Mexico has long been a manufacturing hub in North America for multiple automakers, and the country is trying to position itself for the wave of electric vehicles (EVs) to come. The auto sector is a driver of Mexico's major manufacturing industry, which is heavily integrated into U.S. and Canadian supply chains. Mexican officials on Tuesday said Tesla Inc (TSLA.O) is the latest automaker with plans to build a plant in Mexico. Here are major automakers with plants in Mexico -General Motors Co (GM.N)Silao Plant in the central city in Guanajuato state, produces Chevrolet and GMC full-size pickup trucksRamos Arizpe Plant in the northern city in Coahuila state, builds the Chevrolet Equinox and Blazer SUVs now and will build the 2024 Blazer EV and Equinox EVSan Luis Potosi Plant in the state capital of the central state of San Luis Potosi, produces the Chevrolet Equinox and GMC TerrainFord Motor Co (F.N)Cuautitlan Assembly plant in the central city of Cuautitlan Izcalli, produces Ford Mustang Mach-EHermosillo Assembly Plant in the state capital of the northern state of Sonora, produces Ford Bronco Sport and Ford MaverickToyota Motor Corp (7203.T)Toyota Motor Manufacturing de Baja California in the northern border city of Tijuana, Baja California, produces the Toyota Tacoma pickupToyota Motor Manufacturing de Guanajuato in Apaseo el Grande, Guanajuato, produces the Toyota TacomaStellantis (STLAM.MI)Saltillo Truck Assembly Plant in the state capital of Coahuila, produces Ram light and heavy-duty pickupsSaltillo Van Assembly Plant, makes the Ram ProMaster vanToluca Assembly Plant, produces the Jeep CompassNissan Motor Co (7201.T)Nissan Mexicana (Cuernavaca) in the central city of Jiutepec, produces NP300 pickup truckNissan Mexicana (Aguascalientes 1 Plant) in the central city of Aguascalientes, produces March, Versa, KicksNissan Mexicana (Aguascalientes 2 Plant), produces SentraNissan also has a joint venture plant with Mercedes (MBGn.DE) in Aguascalientes, making the Infinti QX 50 and 55 SUVs, and Mercedes GLB SUVHonda Motor Co (7267.T)Honda de Mexico (HDM) in Celaya, Guanajuato, produces HR-VVolkswagen (VOWG_p.DE)Volkswagen de México in Sanctorum, Puebla, produces Jetta, Tiguan, TaosVW's Audi unit in San José Chiapa, Puebla, produces Audi Q5 premium SUV and plans to start manufacturing EVs by 2027Mazda Motor Corp (7261.T)Mazda de Mexico Vehicle Operation (MMVO) in Salamanca, Guanajuato, produces Mazda2, Mazda3, Mazda CX-30Kia AmericaHyundai Motor Co's (005380.KS) Kia has a plant in Pesqueria, Nuevo Leon, produces Kia Forte, RioBMW AGBMW Plant in San Luis Potosi, produces BMW 3 Series, 2 Series and will produce fully electric "Neue Klasse" modelsSOURCES: Carmakers and Auto Forecast SolutionsCompiled by Kannaki Deka in Bengaluru; Editing by Leslie AdlerOur Standards: The Thomson Reuters Trust Principles.

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