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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.

Kia Soul EV starts production next month amidst modest sales projections

The hamsters in those Kia Soul commercials? Looks like they'll be riding real quiet and quite clean a little sooner than we thought. Kia is now saying it will start production of the 2015 Soul EV next month, and sales will start later this year in the company's home country of South Korea. Additionally, according to Reuters, Kia is keeping sales expectations low, suggesting it should sell about 5,000 Soul EVs a year at a price of around $39,000, though the out-of-pocket costs should be cut in half because of South Korean government subsidies. Kia's taking a somewhat conservative approach to its early sales target as it focuses largely on the US and Europe during its first phase, said Kia spokesman Michael Choo. "We are currently conducting launch feasibility studies for the secondary phase of Soul EV introduction and plan to expand sales to other countries at a later stage," he said. "Hence, we believe the sales volume of the Soul EV will steadily grow following our initial full year of sales." As for the US, Kia spokesman James Hope tells AutoblogGreen that while the company hasn't set a definitive debut date, "we are targeting Q3 of this year." Hope says Kia isn't providing Soul EV sales guidance for the US, so we'll just have to see where the EV chips fall come September or so. Reuters also notes that sister company Hyundai will start selling its own battery-electric vehicle in 2016, a timetable confirmed by Hyundai Senior Vice President Lee Ki-sang. Both Kia and Hyundai are shooting for a South Korean electric-vehicle market that they hope will expand exponentially from a total of just 713 sales last year. The front-wheel-drive Soul EV will have a 81-kilowatt electric motor, and its single-charge range will be about 120 miles. The model was first shown off at the Chicago Auto Show last month, but Autoblog scored an early prototype test drive ahead of the reveal – check out our feature drive report here. Kia Motors shows Soul EV and next-generation hybrid powertrain at Geneva Show (SEOUL) March 4, 2014 -- The new Kia Soul EV made its European debut at the 84th Salon International de l'Automobile in Geneva, Switzerland, today alongside a special technology exhibit of the brand's next-generation hybrid powertrain.

2020 Kia Telluride Review & Buying Guide | A stylish and practical family hauler

The 2020 Kia Telluride joins the growing list of three-row family crossovers, adding a more rugged vibe to what has become a pretty sensible shoes segment. Its boxier styling and clean lines certainly imply that this big SUV could get dirty, although its rather pedestrian all-wheel drive system and average ground clearance would indicate it's mostly for show. Or at least, a hefty dump of snow. That's OK, folks wear outdoorsy garb from Mountain Hardwear and rarely visit the mountains. We're impressed by the new Telluride's spacious cabin, a massive features list and plenty of thoughtful, family-friendly details like USB ports in every row and second-row seats that slide and fold at the press of a button. The Telluride really steps things up in its range-topping SX trim, which unlike many competitors, looks and feels genuinely luxurious. The Telluride's well-balanced driving experience and impressive value round out a genuinely appealing three-row SUV that deserves serious consideration. What's new for 2020? The Telluride is an all-new model for Kia, filling the gap at the top of its SUV lineup. What's the interior and in-car technology like? Admittedly, we have only had contact with the ritziest, range-topping Telluride SX model that boasts soft, interestingly stitched leather, convincing faux wood trim, and a generally luxurious ambience that trumps everything else in the segment. Oh, and it costs less than range-topping rivals that actually have less equipment. Now, will an LX and EX be as swank? No, but the general quality of plastics, switchgear and other materials should still be above average. Every Telluride is also extremely well equipped. Check out the pricing and features section below for a full breakdown, but suffice to say, you don't need to pay top dollar to get heated and ventilated seats, sunshades and an abundance of infotainment features. Indeed, every Telluride comes standard with five USB ports, Apple CarPlay, Android Auto and satellite radio. An 8-inch touchscreen is standard (and is typically sized for the segment), yet the EX and SX features a wide 10.25-inch touchscreen that will not only impress your friends with its largesse, but it improves functionality as well. It brings with it wireless smartphone charging, integrated navigation and a grand total of seven USB ports spread throughout all rows.