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Hyundai reboots Ioniq as an EV brand, starting with Ioniq 5 crossover in fall 2021 – Green Car Reports

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Starting now, the Ioniq name will refer to much more than Hyundai’s long-awaited answer to the Toyota Prius. 

Hyundai announced Monday morning in South Korea that a new Ioniq brand will spawn an entire family of fully electric vehicles that will include production models based on the well-received Prophecy sport-sedan concept and retro-styled 45 EV concept

The start of the Ioniq brand “opens a new chapter as a leader in the area of electrified mobility,” according to a release accompanying the announcement. 

Although the rapid growth of Tesla and a corresponding surge in interest for fully electric vehicles in Europe, the U.S., and South Korea—where Tesla recently outsold Hyundai’s own electric cars—isn’t mentioned specifically, Hyundai all but spells it out: that the creation of the brand “is in response to fast-growing market demand and accelerates Hyundai’s plan to lead the global EV market.”

Hyundai 45 concept

Within the brand, Hyundai promises ultra-fast charging and spacious interiors, with three new dedicated-EV models to arrive over the next four years. That will include the Ioniq 5, a mid-sized (by global standards) crossover based on the 45 Concept; the Ioniq 6, a sedan based on the Prophecy Concept; and the Ioniq 7, a larger SUV due in early 2024.

Hyundai Prophecy concept

Hyundai Prophecy concept

Although Hyundai didn’t detail the Ioniq 5 and Ioniq 6, those two models could directly rival the Model Y and Model 3, respectively. The crossover concept is about 182 inches long—likely positioning it versus the Ford Mustang Mach-E, Volkswagen ID.4, Nissan Ariya, the Model Y and many others. 

All three models will be built on Hyundai’s Electric Global Modular Platform, termed E-GMP, which we’ve reported before has been conceived to enable an 800-volt vehicle architecture for some or all of the vehicles based on it—and charging rates up to 350 kw. In addition to the layout advantages of skipping the space for internal combustion engines, Hyundai says that user interfaces will be simplified and designed to make those aboard feel at ease. 

2020 Hyundai Ioniq Hybrid

2020 Hyundai Ioniq Hybrid

Hyundai Motor America clarified to Green Car Reports that the new strategy won’t affect how hybrids and plug-in hybrids are presented. The existing lineup of Ioniq models will continue to be sold as Ioniq Electric, Ioniq Plug-In, and Ioniq Hybrid, but from now on the new Ioniq models will follow the numerical nomenclature. 

So for the time being, shoppers will face at least one model with the Ioniq badge—the Ioniq Hybrid—that has no charge port whatsoever. 

Breaking Ioniq out as a brand won’t necessarily mean new showrooms or a dramatically different sales experience—at least not right away. Hyundai will keep Ioniq sales at existing “existing Hyundai distribution channels,” the company confirmed. 

Although Hyundai hasn’t yet talked volume for these cars—definitely a sore spot that’s led to supply-limited dealer markups for Hyundai’s current EVs like the Kona Electric—these cars appear to signal a new era for the U.S. Hyundai Motor America confirmed to Green Car Reports that the Ioniq 5 will arrive in the U.S. in fall 2021, and the Ioniq 6 will follow in 2022.  

Hyundai announces Ioniq brand dedicated to EVs

Hyundai announces Ioniq brand dedicated to EVs

Hyundai has given plenty of signals that from here on, it’s different. The Hyundai Motor Group as a whole aims to sell 1 million battery electric vehicles annually by 2025, to become the global leader in EVs. Hyundai itself—partly or mostly via the Ioniq brand—targets 560,000 of those sales. 

Kia confirmed earlier this year that it’s vying for 500,000 annual EV sales by that year. Its first dedicated EV—expected to be a close cousin of the production crossover based on the 45 concept—will arrive in the U.S. by the end of 2021.

Hyundai also said that it is undergoing a transformation as “a Smart Mobility Solution Provider with zero-emissions solutions.” 

Whether that means more investment in people-movers, ride-hailing, car-sharing ventures—or hydrogen fuel-cell applications—that’s all forthcoming.

Don’t get your hopes up about a subscription program, though. In the U.S., the Ioniq Electric originally launched under a subscription plan that was all-inclusive (including insurance, public charging privileges, and even reimbursement for title and registration). It discontinued that program in 2018, citing “a whole range of factors,” but then said that it was “studying other options.” Hyundai told us again this week that it has no intent to bring back such a program.

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Stop Asking Your Interviewer Cliché Questions

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Most job search advice is cookie-cutter. The advice you’re following is almost certainly the same advice other job seekers follow, making you just another candidate following the same script.

In today’s hyper-competitive job market, standing out is critical, a challenge most job seekers struggle with. Instead of relying on generic questions recommended by self-proclaimed career coaches, which often lead to a forgettable interview, ask unique, thought-provoking questions that’ll spark engaging conversations and leave a lasting impression.

English philosopher Francis Bacon once said, “A prudent question is one half of wisdom.”

The questions you ask convey the following:

  • Your level of interest in the company and the role.
  • Contributing to your employer’s success is essential.
  • You desire a cultural fit.

Here are the top four questions experts recommend candidates ask; hence, they’ve become cliché questions you should avoid asking:

  • “What are the key responsibilities of this position?”

Most likely, the job description answers this question. Therefore, asking this question indicates you didn’t read the job description. If you require clarification, ask, “How many outbound calls will I be required to make daily?” “What will be my monthly revenue target?”

  • “What does a typical day look like?”

Although it’s important to understand day-to-day expectations, this question tends to elicit vague responses and rarely leads to a deeper conversation. Don’t focus on what your day will look like; instead, focus on being clear on the results you need to deliver. Nobody I know has ever been fired for not following a “typical day.” However, I know several people who were fired for failing to meet expectations. Before accepting a job offer, ensure you’re capable of meeting the employer’s expectations.

  • “How would you describe the company culture?”

Asking this question screams, “I read somewhere to ask this question.” There are much better ways to research a company’s culture, such as speaking to current and former employees, reading online reviews and news articles. Furthermore, since your interviewer works for the company, they’re presumably comfortable with the culture. Do you expect your interviewer to give you the brutal truth? “Be careful of Craig; get on his bad side, and he’ll make your life miserable.” “Bob is close to retirement. I give him lots of slack, which the rest of the team needs to pick up.”

Truism: No matter how much due diligence you do, only when you start working for the employer will you experience and, therefore, know their culture firsthand.

  • “What opportunities are there for professional development?”

When asked this question, I immediately think the candidate cares more about gaining than contributing, a showstopper. Managing your career is your responsibility, not your employer’s.

Cliché questions don’t impress hiring managers, nor will they differentiate you from your competition. To transform your interaction with your interviewer from a Q&A session into a dynamic discussion, ask unique, insightful questions.

Here are my four go-to questions—I have many moreto accomplish this:

  • “Describe your management style. How will you manage me?”

This question gives your interviewer the opportunity to talk about themselves, which we all love doing. As well, being in sync with my boss is extremely important to me. The management style of who’ll be my boss is a determining factor in whether or not I’ll accept the job.

  • “What is the one thing I should never do that’ll piss you off and possibly damage our working relationship beyond repair?”

This question also allows me to determine whether I and my to-be boss would be in sync. Sometimes I ask, “What are your pet peeves?”

  • “When I join the team, what would be the most important contribution you’d want to see from me in the first six months?”

Setting myself up for failure is the last thing I want. As I mentioned, focus on the results you need to produce and timelines. How realistic are the expectations? It’s never about the question; it’s about what you want to know. It’s important to know whether you’ll be able to meet or even exceed your new boss’s expectations.

  • “If I wanted to sell you on an idea or suggestion, what do you need to know?”

Years ago, a candidate asked me this question. I was impressed he wasn’t looking just to put in time; he was looking for how he could be a contributing employee. Every time I ask this question, it leads to an in-depth discussion.

Other questions I’ve asked:

 

  • “What keeps you up at night?”
  • “If you were to leave this company, who would follow?”
  • “How do you handle an employee making a mistake?”
  • “If you were to give a Ted Talk, what topic would you talk about?”
  • “What are three highly valued skills at [company] that I should master to advance?”
  • “What are the informal expectations of the role?”
  • “What is one misconception people have about you [or the company]?”

 

Your questions reveal a great deal about your motivations, drive to make a meaningful impact on the business, and a chance to morph the questioning into a conversation. Cliché questions don’t lead to meaningful discussions, whereas unique, thought-provoking questions do and, in turn, make you memorable.

_____________________________________________________________________

 

Nick Kossovan, a well-seasoned veteran of the corporate landscape, offers “unsweetened” job search advice. You can send Nick your questions to artoffindingwork@gmail.com.

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Canadian Natural Resources reports $2.27-billion third-quarter profit

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CALGARY – Canadian Natural Resources Ltd. reported a third-quarter profit of $2.27 billion, down from $2.34 billion in the same quarter last year.

The company says the profit amounted to $1.06 per diluted share for the quarter that ended Sept. 30 compared with $1.06 per diluted share a year earlier.

Product sales totalled $10.40 billion, down from $11.76 billion in the same quarter last year.

Daily production for the quarter averaged 1,363,086 barrels of oil equivalent per day, down from 1,393,614 a year ago.

On an adjusted basis, Canadian Natural says it earned 97 cents per diluted share for the quarter, down from an adjusted profit of $1.30 per diluted share in the same quarter last year.

The average analyst estimate had been for a profit of 90 cents per share, according to LSEG Data & Analytics.

This report by The Canadian Press was first published Oct. 31, 2024.

Companies in this story: (TSX:CNQ)

The Canadian Press. All rights reserved.

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Cenovus Energy reports $820M Q3 profit, down from $1.86B a year ago

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CALGARY – Cenovus Energy Inc. reported its third-quarter profit fell compared with a year as its revenue edged lower.

The company says it earned $820 million or 42 cents per diluted share for the quarter ended Sept. 30, down from $1.86 billion or 97 cents per diluted share a year earlier.

Revenue for the quarter totalled $14.25 billion, down from $14.58 billion in the same quarter last year.

Total upstream production in the quarter amounted to 771,300 barrels of oil equivalent per day, down from 797,000 a year earlier.

Total downstream throughput was 642,900 barrels per day compared with 664,300 in the same quarter last year.

On an adjusted basis, Cenovus says its funds flow amounted to $1.05 per diluted share in its latest quarter, down from adjusted funds flow of $1.81 per diluted share a year earlier.

This report by The Canadian Press was first published Oct. 31, 2024.

Companies in this story: (TSX:CVE)

The Canadian Press. All rights reserved.

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