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Hyundai, Kia announce buyback plan for angry Korean investors

Hyundai's controversial decision last September to move its Korean headquarters to an expansive (and expensive) new facility was met with a swift backlash by shareholders. After making the biggest land purchase in South Korean history, the company's share price took a nine-point nose dive.
Now, in a bid to get back in the good graces of its stockholders, Hyundai and its subsidiary, Kia, will make a $615-million stock buyback plan. Reuters claims this is the first time in ten years that Hyundai has made a buyback offer with the explicit purpose of pumping up share prices.
The total deal bumped up Hyundai's share prices 5.7 percent while Kia is up two percent, although neither company has fully recovered from the battering that followed the headquarters announcement. It's unclear what else it will take for Hyundai to recover the ground it lost during the land deal.

Nissan Z Proto, next-gen Hyundai Tucson and a hi-po mystery Bronco | Autoblog Podcast #645

In this week's Autoblog Podcast, Editor-in-Chief Greg Migliore is joined by Senior Editor, Green, John Beltz Snyder and News Editor Joel Stocksdale. In the news this week, Ford has teased some sort of high-performance Bronco, Nissan unveiled the Z Proto, Hyundai revealed the next-gen Tucson and GMC teased the Hummer EV's "Crab Mode." Our editors break that all down for you, and share some insights and opinions before they turn to the cars in their own driveways. This week, they've been spending time with the 2020 Mercedes-AMG G 63, as well as the 2020 BMW Alpina B7. Autoblog Podcast #645 Get The Podcast iTunes – Subscribe to the Autoblog Podcast in iTunes RSS – Add the Autoblog Podcast feed to your RSS aggregator MP3 – Download the MP3 directly Rundown Ford's beefed-up Bronco prototype stars in new teaser photo Nissan Z Proto previews the retro, rear-drive, turbo, manual future of the Z All the Nissan Z cars that got us to the Z Proto 2022 Hyundai Tucson debuts with striking styling inside and out GMC Hummer teases crab mode, reveal set for Oct. 20 Cars we're driving: 2020 Mercedes-AMG G 63 2020 BMW Alpina B7 Feedback Email – Podcast@Autoblog.com Review the show on iTunes Related Video:

Baby wildebeest thinks this passing car is its mother

Seeing this lost baby wildebeest mistake a Hyundai Tucson for its mother is equal parts cute and pitiful, but don't worry. There's a happy ending. The young wildebeest (also known as a gnu) was part of the yearly migration in Africa, when it got separated from its mom. The calf's herding instincts kicked in, and it began to follow passing cars, according to National Geographic. Someone grabbed their video camera as the creature struggled to keep up with a passing Hyundai Tucson crossover. At one point, when the vehicle stops, the animal attempts to suckle from its tire. A sad "Aww" is appropriate here. As NatGeo states, wildebeests migrate northward in large herds in May and June in search of greener pastures. For younglings, their herding instinct causes them to follow large moving objects, which would usually be an adult of the same species. In this case, it happened to be a passing car, but luckily the herd showed up to reclaim their young sojourner. At the end of the video, the calf reunites with its mother and can be seen getting that sip of milk the Hyundai was unwilling to give up. Then they trot off together. (Happy "Aww" time). Related Video: News Source: National Geographic Auto News Weird Car News Hyundai Videos animals