Black Card Holders Just as Likely to own a Hyundai as a Bentley or an Audi

If you are one of American Express’ very special customers, and have US$16.3 million in assets and an annual household income of around US$1.3 million, you may be granted the privilege of one of their black Centurion Cards.

Simon Cowell has one, as does Kanye West, Denzel Washington and Lindsay Lohan. Interestingly, and of more concern to readers of this blog, you might also be the proud owner of a Hyundai.

During the course of a presentation at the South Korean automaker’s Ann Arbor engineering and research centre, Hyundai’s U.S. Chief John Krafcik revealed that some 6% of “Black Card” holders own a Hyundai – a percentage shared with those who own Bentleys and Audis.

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Argentina Agrees to Allow Hyundai and Kia Imports for Peanuts – Literally…

Argentina’s exports for imports saga continues, with South Korean carmaker Hyundai agreeing to export peanuts, wine, biodiesel and soy flour to offset the US$91 million (€64 million) it added to Argentina’s growing trade deficit in 2010. Partner company / subsidiary Kia has agreed export white goods and plastics for their contribution.

The South American nation’s US$6 billion (€4.19 billion) trade deficit has already led to one Porsche distributor agreeing to export wine and olive products, while similar deals have been struck with carmakers Chery, GM, Peugeot-Citroen, Alfa Romeo, Mercedes-Benz, Volkswagen, Fiat and Ford.

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VIDEO: Top Gear Russia Takes Hyundai Coupe 3.8 V6 to the Nurburgring

The team behind the Russian edition of BBC’s Top Gear magazine recently headed over to the Nurburgring racetrack to try out Hyundai’s rear-wheel drive Genesis Coupe. The model of choice was fitted with a 3.8-liter V6 engine delivering 306-horsepower, coupled to a six-speed automatic transmission.

If you don’t want to hear or see the antics of the presenters in the beginning of the clip, fast-forward the video a minute or two to go straight to the part where the magazine’s test driver Dmitry Sokolov laps the Nurburgring. And yes, that's a Porsche 911 -possibly from the GT series- that Sokolov is about to attack. Watch the video directly on Youtube by clicking this link as Sokolov's page does not allow embedding on external sites.

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Hyundai to Become a Member of ACEA in 2012

Hyundai Motor Europe’s application for membership in the ACEA has been accepted by the General Assembly of the European Automobile Manufacturers Association, and will begin in January 2012.

ACEA was established in 1991, is based in Brussels and its members include BMW Group, DAF Trucks, Daimler, FIAT S.p.A., Ford of Europe, General Motors Europe, MAN Truck & Bus, Porsche, PSA Peugeot Citroën, Renault Group, Scania, Toyota Motor Europe, Volkswagen Group, Volvo Cars and Volvo Group.

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Hyundai Rumored to Debut New Elantra Coupe at 2011 LA Auto Show

We are a long way from the 2011 Los Angeles Auto Show and many things may change in the meantime, but for now, the word from the team over at Insideline is that Hyundai will head to California this fall to unveil a new coupe version of its freshly launched Elantra model. The two-door model will offer Hyundai a direct rival to the 2012 Honda Civic Coupe in the U.S. market. Read more »