2012 Kia Soul Plus Hatchback 4-door 2.0l Alien Green No Reserve!!!! on 2040-cars

Auto blog

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 recalls 2006-10 Sedona and 2007-09 Sorento for risk of electrical short

Kia Motors has issued a precautionary recall on 228,829 units of 2006-10 Sedona minivans and 2007-09 Sorentos due to a rare possibility of a short circuit that could cause a fire in the engine compartment. Kia expects about 1% of the cited vehicles could have moisture in the anti-lock braking system (ABS) module. National Highway Traffic Safety Administration (NHTSA) campaign No. 20V088000 says that some 2006-2010 Sedonas and 2007-2009 Sorentos have a Hydraulic Electronic Control Unit (HECU) within the ABS module that could be susceptible to moisture damage. Should moisture enter the HECU, it could cause an electrical short circuit, which could then spark a fire. Because the HECU is energized when the car is turned off, this issue could arise even while the vehicle is parked.  Kia has yet to determine exactly how and why moisture is getting into the HECU, and it's not the first time this type of problem has caused a recall. Hyundai Motors recalled 429,686 Hyundai Elantra and Elantra Touring models for the same issue.  Because there isn't a certain root defect to fix, Kia has devised a plan to reduce the risk of fire. Kia will install a relay in the vehicle's main junction box, free of charge. This will prevent power from going to the HECU while the ignition is off. Kia will alert owners of affected vehicles starting April 10, 2020.  Kia and Hyundai have also been involved in completely separate engine-fire-related recalls in the recent past. Throughout the previous few years, Kia and Hyundai have recalled millions of cars, crossovers, and SUVs with faulty oil pans and high exhaust temperatures that damage catalytic converters. As a result, the NHTSA opened an investigative probe into Kia's and Hyundai's handling of the recalls and resolutions.   Related Video:

With more power and better mpg, the 2017 Kia Soul Exclaim is one to get.

We got our first look of the turbocharged Kia Soul just over a month ago at the Paris Motor Show in the form of the Soul SX. Because it was the Euro-spec model, we couldn't be sure just how much of it would change for the American market. But now it's abundantly clear that the US-spec Soul Exclaim is the very same car. The understated body modifications, the 201-horsepower turbocharged 1.6-liter engine, and the upgraded interior all make the trip to the States. We do learn a few more details now that the American model has been unveiled. One of the most surprising ones is the gas mileage. Although the Soul Exclaim is by far the most powerful trim in the range, it also yields the best fuel economy. The combined city and highway rating is 28 mpg, which tops the second-highest rated Soul Plus by 1 mpg overall. For reference, the Soul Plus is only offered with a 2.0-liter, 161-horsepower, naturally aspirated four-cylinder and a 6-speed automatic. The 130-horsepower naturally aspirated entry-level Soul only gets 26 mpg, regardless of whether it's equipped with a manual or automatic. This does bring us to a disappointing tidbit about the Kia Soul Exclaim. It's only available with a 7-speed dual-clutch transmission. A spokesperson from Kia told us that the reason for this was to improve fuel economy and get the most performance out of the car. He also mentioned that the take rate for manual transmissions is very low. While we understand the reasoning, we still hoped it would be offered with a clutch pedal, especially since the engine is shared with the Hyundai Veloster Turbo and the Elantra Sport, both of which are available with 6-speed manuals. However, if you don't have to row your own gears, the Soul Exclaim is by far the model to get. It goes the fastest, is the most efficient, looks the best, and has the nicest interior, complete with a 315-watt stereo with subwoofer. Kia hasn't revealed pricing yet, but it's safe to say it will be the most expensive Soul, too. But if you want a Soul and have the means, this is the obvious choice. Related Video: This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings.