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2021 Kia Sorento engines, other details revealed before Geneva debut

The 2021 Kia Sorento was shown in official photos a few days ago, but we were missing all of the meaty details. Today, Kia has begun the process of parceling this information out, feeding us powertrain information and a few other interesting features of note. In North America, we can expect at least two engine options: a hybrid and a traditional gasoline-only engine. The latter is slated to be ready at launch — itÂ’ll consist of a 2.5-liter turbocharged four-cylinder, matched with an eight-speed dual-clutch automatic transmission. We imagine itÂ’s the same powertrain that we got a taste of in a pre-production Sonata N-Line not too long ago. In the Sorento, output is 277 horsepower and 310 pound-feet of torque. ThatÂ’s the same amount of torque as Hyundai said the Sonata N-Line will have, but itÂ’s down 13 horsepower compared to the semi-performance sedan. The hybrid powertrain, which is confirmed for the North American market, consists of a 1.6-liter turbocharged four-cylinder and single electric motor. Combined output amounts to 227 horsepower and 258 pound-feet of torque. Kia promises low emissions with high levels of performance, and with those power figures, we imagine the Sorento Hybrid wonÂ’t be a total bore to drive. ThatÂ’s it so far as North America powertrain news is concerned for now, but Kia promised more to come — weÂ’re told to expect additional gasoline engine options and “a powerful new plug-in hybrid variant.” Kia teased out a few details about the new platform this Sorento is riding on, too. The wheelbase is 1.4 inches longer than before, but the vehicleÂ’s overall length is only extended by 0.4 inch. Kia claims better packaging strategies will give the Sorento “class-leading cargo space.” The new platform also allows Kia to put the hybridÂ’s battery pack underneath the floor, claiming it has zero impact on passenger or cargo space. There were a few easter eggs at the end of KiaÂ’s release, too. The Sorento will be the first Kia to feature the companyÂ’s new “multi-collision brake system” that automatically applies the brakes when the airbags have been deployed after the initial collision. It also has a new “remote smartphone surround view monitor.” This will allow folks to look at the vehicleÂ’s surroundings on their smartphone through an app, in addition to seeing it in the infotainment screen.

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.

Hyundai and Kia invest $110 million in UK electric van startup Arrival

Korea's Hyundai Group is backing a UK electric vehicle startup that plans to begin selling battery-powered delivery vans in 2021, the companies said on Thursday. Hyundai and sister firm Kia are making the investment of $110 million (100 million euros or 84.34 million pounds) in Arrival. Founded in 2015 and based in London, Arrival has developed a boxy, futuristic-looking shuttle bus aimed at the commercial delivery market. The company said its van will have a range between charges of 300 miles. In a statement, Arrival said it will work with Hyundai and Kia to develop a variety of electric vehicles, initially for the commercial market. Those vehicles will be built on Arrival's modular vehicle platform or "skateboard" that bundles motor, batteries and chassis components, similar to the skateboard developed by U.S. startup Rivian. Rivian is backed by Ford and Amazon, and has a contract to build 100,000 electric delivery vans for the e-commerce giant, starting in 2021. Hyundai and Kia last year invested $89 million in Rimac Automobili, a nine-year-old Croatian company aspiring to build electric supercars that is also backed by Porsche. Arrival said its vehicles will be equipped with advanced driver assist features and can be upgraded with self-driving systems. The vehicles are designed to sell for the same price as similar models powered by internal combustion engines and to be built in small "microfactories." That strategy is the opposite of U.S. electric vehicle rival Tesla which uses massive "gigafactories." Last fall, Arrival, which until now has operated largely in stealth mode, hired General Motors veteran Michael Ableson to head its new North American operations. With a small factory in Banbury, England, Arrival said it now has 800 employees in five countries, including Germany, Russia and Israel. Arrival previously said it would use BlackBerry's QNX operating system to connect safety features in its electric vehicles. Arrival said its prototype delivery vans are being tested by the Royal Mail, DHL and UPS. Related Video: Green Hyundai Kia Commercial Vehicles Electric Future Vehicles electric delivery van