2011 Kia Sorento Lx Sport Utility 4-door 2.4l on 2040-cars

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Hyundai spooks investors by paying $10B for new Gangnam HQ location

Doing things Gangnam style apparently costs a serious chunk of change, because Hyundai is reportedly paying roughly $10 billion for 19.6 acres (79,342 square meters) of land in the trendy district of Seoul, South Korea, to serve as the location for its new headquarters. That eye-popping number represents the highest amount ever paid for a plot of land in South Korea, according to Reuters. The hefty price tag reportedly scared investors enough for stock prices to sink dramatically.
Shareholders were apparently upset because the massive outlay could instead have been put back into the company for research and development or other improvements. Instead, the company reportedly bid triple the land's appraised value, says Reuters. The announcement caused Hyundai's stock price to plummet a massive 9 percent, and there were losses from Kia and the company's parts arm, as well. All told, the three of them lost nearly $8 billion in value from the falling share prices - almost enough to pay for the controversial land.
Hyundai currently has its headquarters on the outskirts of Seoul, but seems keen to move to the high-end Gangnam district to show off its rising status. It plans to build a new office complex, hotel, convention center and theme park on the site. According to an analyst speaking to Reuters, that could all cost an additional $6 billion to complete.

Next-gen 2021 Kia Sorento shown inside and out in leaked pics

We’ve seen spy shots of the next-generation Kia Sorento in both heavily camouflaged form and running laps around the Nurburgring (!), where it was wearing a more form-fitting wrap. Today, Instagram user CocheSpias leaked photos of the redesigned midsize SUV with the cover partially pulled back, giving us our best look yet inside and out. Kia has given the front fascia a thorough and stylish overhaul. It looks much more muscular and chiseled, with a crisp, curved line defining the hood and grille and a much more squared-off shape to the lower bumper. The clustered trio of LED headlights are more integrated with the grille by removing the chrome strip that formerly separated them. The exposed taillights that featured on the mule spotted on the ‘Ring have been resolved as double vertical hash marks. The lower bumper is still concealed. Inside, the seat stitching is similar to the pattern found on the larger and more upmarket Telluride, introduced last year. The cluster and center stack have been redesigned, with a larger touchscreen that is now separate from the heat vents. The shifter has been replaced by a dial shifter. Kia has reportedly confirmed that the new Sorento will be offered a plug-in hybrid variant. The Korean Car Blog, citing an unnamed source, reports the new Sorento will debut as early as mid-February in Korea, with hybrid and plug-in hybrid versions coming in May, though itÂ’s not clear whether all versions would come to the U.S. The current version of the three-row crossover comes in a choice of two engines: a 2.4-liter inline-four making 185 horsepower and 178 pound-feet of torque, or a 3.3-liter V6 offering 290 hp and 252 lb-ft of torque. We should get a more official rundown about what's in store soon. Related Video:    

Did Lexus make a BMW? Or did BMW make a Lexus? This and other 2017 surprises

It's that time of year again. The calendar is about to reach its end, Star Trek Cats 2018 is about to take its place, and I'm reflecting about all the cars that graced my driveway this year or summoned me to exotic places. You know, like Stuttgart or Phoenix. In 2017, I drove at least 57, and as I perused the list of them, I started to notice a common refrain: "This car surprised me." Most were pleasant surprises, but there were a few head scratchers and facepalms for good measure. In both cases, it was generally the result of car companies seemingly trying to break out of an existing mold. Nowhere was that more apparent than the pair of Lexuses slathered in Infrared paint: The LS 500 that left me this week and the LC 500 that was my favorite car of 2017. Though Lexus has been trying to shake its crusty, gold-packaged reputation for some time now, its efforts always seemed like an old man choosing Hollister to redo his wardrobe after realizing it hasn't been updated since 1987. I fell in love with the LC, genuinely floored by its near-perfect take on the GT. It's characterful in sound, appearance and tactility. It was at home in the city, in the mountain and on the open road. It was both comfortable and thrilling, and after driving the mechanically related LS 500, I can report that the LC's talents aren't an outlier. The LS 500's turbo V6 may make different noises than the LC's naturally aspirated V8, but it nevertheless invigorates the cabin when the car is placed in Sport+ mode. The steering is truly communicative, body motions are kept in miraculous check, and I absolutely forgot I was in an enormous luxury limo ... and a Lexus one at that. It was everything that the BMW 530e was not. I drove that on the exact same roads and was utterly bored the entire time. Generally doughy, lifeless steering, more distant than Planet 9. And no, the plug-in hybrid powertrain had nothing to do with that. At least it shouldn't. The Porsche Panamera S e-Hybrid I also drove this year proves that, as do the Hyundai Ioniqs, which are surprisingly adept and fun little cars regardless of what powers their wheels (Hyundai + hybrid = fun really blew me away). I would drive that Lexus LS F Sport over the BMW 5 Series any day of the week, which seems like a shocking thing to say in relation to either car. While Lexus is seemingly breaking out of its old crusty mold, BMW seems to be climbing into one.