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Hyundai spooks investors by paying $10B for new Gangnam HQ location

Doing things Gangnam style apparently costs a serious chunk of change, because Hyundai is reportedly paying roughly $10 billion for 19.6 acres (79,342 square meters) of land in the trendy district of Seoul, South Korea, to serve as the location for its new headquarters. That eye-popping number represents the highest amount ever paid for a plot of land in South Korea, according to Reuters. The hefty price tag reportedly scared investors enough for stock prices to sink dramatically.
Shareholders were apparently upset because the massive outlay could instead have been put back into the company for research and development or other improvements. Instead, the company reportedly bid triple the land's appraised value, says Reuters. The announcement caused Hyundai's stock price to plummet a massive 9 percent, and there were losses from Kia and the company's parts arm, as well. All told, the three of them lost nearly $8 billion in value from the falling share prices - almost enough to pay for the controversial land.
Hyundai currently has its headquarters on the outskirts of Seoul, but seems keen to move to the high-end Gangnam district to show off its rising status. It plans to build a new office complex, hotel, convention center and theme park on the site. According to an analyst speaking to Reuters, that could all cost an additional $6 billion to complete.

Hyundai's rakish HND-9 concept has lots of Seoul

Hyundai has unwrapped the HND-9 Sports Coupe Concept at the 2013 Seoul Motor Show. The design study is intended to give the world a glimpse at what Hyundai has planned for the look of its future products - an evolution of the automaker's current Fluidic Sculpture design language.
With classic front-engine, rear-wheel-drive proportions, the HND-9 looks great, and engineers graced the concept with a 3.3-liter turbocharged, direct-injection engine good for 364 horsepower. An eight-speed automatic transmission shuttles that thrust to the rear wheels, while touches like butterfly doors give the machine a bit of flair.
Indoors, the HND-9 features seats built with a special mesh that changes colors depending on the viewer's angle. Designers modeled the cabin after a cockpit for a close, sporty feel. You can check out the full press release below for more information.

2013 Hyundai ix35 is a freshened-up Euro-Tucson

In places that aren't the United States, Hyundai calls its Tucson compact crossover the ix35. And as part of its Geneva Motor Show presence, the Korean automaker has debuted this freshened version of the C-segment CUV, showing some minor tweaks to an otherwise attractive package.
The most noticeable changes are found up front, where a revised grille slots in between newly designed headlamps that now feature LED running lights. Around back, the taillamps have also been given the nip/tuck treatment, and it appears some redesigned wheels have been included in this update, as well.
Hyundai has fitted its ix35 with a new, direct-injected version of its 2.0-liter naturally aspirated four-cylinder engine (with undisclosed power figures, natch). And when it comes time to put that power to the road, driver's will be able to use a new selectable electric power steering system similar to what's on the Elantra GT and Santa Fe Sport, with normal, comfort and sport modes.