2022 Hyundai Santa Fe Sel on 2040-cars

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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 Ioniq model lineup shown ahead of Geneva debut

Hyundai released information on all three versions of the Ioniq ahead of their debut at the Geneva Motor Show next week. We've already taken a close look at the Toyota Prius-fighting hybrid model but now we have new information on the electric and plug-in hybrid variants. While the two hybrid models are nearly identical, the battery-electric Ioniq has an enclosed nose for better aerodynamics. The plug-in comes with an upgraded electric motor making 60 hp, compared to 43 in the hybrid. It uses the same 1.6-liter Atkinson-cycle four-cylinder, but Hyundai has to yet to divulge if the total system power in the plug-in is higher than the 139 horsepower figure for the hybrid. Using an 8.9 kWh battery, the plug-in is said to offer 31 miles of electric range. The larger, heavier Ford Fusion Energi plug-in uses as 7.6 kWh battery and is rated at 20 miles of electric range. On a loose estimate we'd guess the Ioniq plug-in will be rated around 25 miles of electric driving. As for the electric Ioniq, Hyundai is only giving us the numbers: 28 kWh battery, 118 horsepower, 103-mph top speed. Range is a quoted 155 miles, but again we're not sure what cycle that's on. The 110-hp, 30 kWh Nissan leaf manages 107 miles on the EPA sticker, so we expect similar (possibly lower) numbers from the Hyundai. We still don't know when any version of the Ioniq will go on sale in the United States, but with confirmation that the related Kia Niro is still 11 months away we don't expect the Hyundai to be in showrooms before the end of the year. View 7 Photos Green Geneva Motor Show Hyundai Electric Hybrid hyundai ioniq

2019 Hyundai Santa Fe First Drive Review | A safely stylish crossover

To help it stand out in today's crowded, highly competitive midsize crossover market, Hyundai has given the new 2019 Hyundai Santa Fe has a bolder SUV-like exterior design. The Santa Fe's changes are evolutionary rather than seismic, but in a market that includes rivals like the Ford Edge, Jeep Cherokee, Nissan Murano, Chevrolet Equinox, and Honda CR-V, every detail matters. Buyers still have a choice of two four-cylinder engines - just like the outgoing Santa Fe Sport – one of them turbocharged, with each paired to an updated 8-speed automatic transmission. The Santa Fe also offers all-wheel drive across its five trim levels, while delivering a modest bump in overall cargo space and rear legroom. A few notes before we dive further in: The new Santa Fe doesn't include the "Sport" in its name. Anyone in immediate need of a Santa Fe with a third-row seat will have to settle for the Santa Fe XL, a one-year-only offering based on the previous generation model. We highly recommend test driving the new model, if you can do without a third row. Some form of hybridization is also planned, though Hyundai would not comment on technical aspects or a projected on-sale date. Ahead of taking the wheel on the wide-open roads surrounding the charming ski-cation town of Park City, Utah, Hyundai told us that they strove to make it less of a high-riding minivan, both in terms of its style and stance on the road. To do this, Hyundai shortened the front overhang, added a more upright front grille with a chainmail pattern, and pushed the headlights lower in the front fascia. Those slim lighting units that flank the grille are the LED daytime running lights and turn signals. (Yes, it's okay if you initially thought they were super skinny headlights, too.) The 2.6-inch longer wheelbase makes the Santa Fe look more planted, while adding about an extra inch of rear legroom compared to the previous model. The more horizontal side profile and large glass area – especially the small side windows, ahead and behind the A- and C-pillars – help improve visibility. And unlike some SUVs and crossovers that opt for tapered tail-ends that look sporty, but create claustrophobic-levels of cargo space, the squarish rear of the Santa Fe translates to 35.9 cubic feet of cargo room behind the second-row seats. That's up from 35.4 cu-ft. offered in the previous model. Styling is subjective, but to our eyes, the Santa Fe has a lot more presence than it previously did.