] According to a recent J.D. Power & Associates survey of ] new-car quality, American car makers now have a new ] low-priced, high-quality Korean rival to add to their ] list of expensive, high-quality Japanese nemeses in ] Toyota (NYSE: TM), Honda (NYSE: HMC), and Nissan (Nasdaq: ] NSANY). I refer, of course, to the surprise second-placer ] in J.D. Power's survey: Hyundai (which tied Honda for ] second and lost only to Toyota). The Korean automaker ] achieved its impressive numbers by slashing its average ] problems per 100 vehicles by nearly 30% in a single year. ] Since 1999, the company has improved its results by ] closer to 50%. Who didn't see this coming? |