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Hyundai reveals CEO's pay for first time ever

Thanks to some government pressure, Hyundai's billionaire chairman, Chung Mong Koo, has revealed just how much he gets paid each year. Honestly, the amount is a bit lower than we'd expect considering he helms such a huge industrial empire. The 76-year-old chairman brought home $13 million in 2013, $5.2 million of which came from Hyundai's automotive business while both Mobis and Hyundai Steel chipped in $3.94 million, each. For reference, Ford CEO Alan Mulally netted $23.2 million in 2013, although the vast majority of that money came from stock options.
The push for Chung to reveal his pay was part of a larger effort by the South Korean government called the Financial Investment Services and Capital Markets Act. The act forces several thousand companies to release info on annual pay, bonuses and severance for employees earning over $5 million won ($469,000), according to Bloomberg.
"With the disclosure of the executives' compensation, the pressure to deliver better profits will increase," said Heo Pil Seok, the CEO of Midas International Asset Management. It seems to be working, as Hyundai shareholders, of which Midas is one, have seen their shares increase by 6.1 percent in 2014, which includes a 1.2-percent jump as of yesterday, according to Bloomberg.

Kia Stinger base trim is for people who hate colors

The 2018 Kia Stinger is a looker, and at least in twin-turbo V6 guise, a pretty impressive performer, too. Not only that, its base price of $32,795 is quite attractive for the base turbocharged four-cylinder model, which with 255 horsepower and rear-drive is still a compelling package. Unfortunately, there's a hitch with the affordable four-cylinder cars: You don't have any real color choice. As it turns out, the base-model Stinger has just three color options. They consist of white, silver, and black. Yay. Paying an extra $5,200 for the Stinger Premium, while adding additional features such as a sunroof and premium sound system, only adds one more color, blue. The only way to get the full spectrum of colors including white, silver, dark gray, black, blue and red is to pony up for a Stinger GT, the V6 version. That model starts at $1,250 more than the four-cylinder Stinger Premium, and $6,450 more than the base version. So if you want a colorful Stinger, you'd better be ready to buy the one with the big engine. On the plus side, though, you get a whole lot performance for not a lot more than a top-end four-cylinder. Related Video: Image Credit: Kia Kia Car Buying Hatchback Performance Sedan consumer kia stinger gt kia stinger

Kia putting GT Concept into production, roadster concept due in Detroit

If you were enamored of the GT concept that Kia unveiled at the Frankfurt Motor Show two years ago, we've got good news for you. According to the latest reports, Kia is planning on putting it into production.
The big question at this point is how closely the production model will shadow the four-door coupe concept. The svelte shape will undoubtedly have to make some concessions toward roadworthiness and production feasibility, but just what platform Kia will use to underpin it remains unknown. It could base it off the large, rear-drive K9 or borrow the platform from sister-company Hyundai's Genesis Coupe. Either of those options would enable the production Kia GT to keep the concept's rear-drive orientation, but other routes would make it either front-drive or potentially all-wheel drive.
Word has it also that Kia is planning to reveal a small roadster concept in the mold of the Mazda MX-5 at the upcoming Detroit Auto Show in January. If public feedback is positive enough, that could see production before the end of next year as well.