2022 Kia Soul Lx on 2040-cars

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Kia confirms $1B factory in Mexico to be completed in 2016

Kia is the latest in a string of automakers to announce plans to build new or expanded factories in Mexico. The Korean company has signed a $1 billion deal to establish a plant in Monterrey in the state of Nuevo León, with construction starting in late September. If everything proceeds on schedule, the facility should be complete in the first half of 2016 and be able to produce 300,000 vehicles a year.
The $1-billion investment will create a "new, highly automated manufacturing plant," according to Kia's announcement, a facility covering 1,235 acres of land. Confirming earlier rumors, Kia will produce compact models there, but the company won't reveal specific model names, just yet. When complete, the factory in Mexico will boost the automaker's annual capacity to 3.37 million vehicles a year with 1.69 million of those in Korea and 1.68 million abroad. It will also join Kia's plant in Georgia (where the Optima and Sorento are made) as the business' other North American location.
Kia hasn't kept plans for the Mexican factory a very close secret and openly admitted it was "being considered as a possible location" to Autoblog. The country was chosen partially because of its free-trade agreements (read: NAFTA), that make it less costly to move models elsewhere, not to mention its easy access to the North, Central and South American markets. The new plant should also alleviate some of the tight supply issues Kia has had in the US.

Honda, Hyundai top car residual value / depreciation awards list

J.D. Power announced its 2022 U.S. ALG Residual Value awards Thursday, with Honda and Hyundai topping the charts at three models apiece in the industry-standard study. The term "residual" is an industry projection of how well a car will hold its resale value three years from the original purchase date – a key metric in calculating lease costs and projecting new-car depreciation.  Award winners included several enthusiast-friendly options, including the BMW 2 Series, Dodge Charger, Subaru WRX, Mercedes-AMG GT and Toyota Tacoma. Even the Ford Bronco was recognized, beating out the Jeep Wrangler in the Off-Road Utility segment. That may seem odd given the car's issue-plagued launch, but scarcity apparently trumps quality control issues over the longer term. Here's a scrolling complete list of winners broken down by segment: “Accurately forecasting residual values in the auto industry is a key factor in assessing an estimated $225 billion lease portfolio of vehicles in the United States,” said ALG VP Eric Lyman in the company's announcement. "The brands and vehicle models that rise to the top demonstrate that they score well across the award programÂ’s criteria, including manufacturersÂ’ superior design and quality." ALG looks at several factors to determine future value, which is especially tricky with new models. For 2022, 16 different brands were recognized across 29 segments. Behind Honda and Hyundai, Audi, Kia, Mercedes-Benz, Land Rover and Subaru all managed to chart with two different models. Here's the rundown of those who won in more than one category: Honda Civic Honda Passport Honda Odyssey Hyundai Accent Hyundai Kona Hyundai Kona EV Audi A6 Allroad Audi Q3 Kia K5 Kia Telluride Land Rover Range Rover Velar Land Rover Discovery Mercedes-AMG GT 4-Door Mercedes-Benz Metris:  Subaru  WRX and  Subaru Forester Toyota Tacoma  Toyota Tundra "The award process consists of evaluating 284 models through analysis of used-vehicle performance, brand outlook and product competitiveness," the announcement said. "Eligibility for a brand award requires a manufacturer to have model entries in at least four different segments. To account for differences across trim levels, model averages are weighted based on percentage share relative to the entire model line."   Audi Honda Hyundai Kia Land Rover Mercedes-Benz Subaru Toyota

Kia Seltos Luggage Test | How much cargo space?

The Kia Seltos starts at $21,990, which is consistent with a growing number of crossovers that slot in between sub-compact models (Hyundai Kona, Kia Soul, etc) and compact models (Honda CR-V, Toyota RAV4, etc). We now call this the midcompact segment. The Mazda CX-30 would be another example, and while the Mazda's engaging driving experience and stylish near-luxury interior are its prime selling points, the Seltos boasts expressive color combinations, distinctive styling details throughout and an ample amount of interior space that rivals bigger, pricier SUVs. As I discovered at the L.A. Auto Show, that includes Kia's own Sportage, which may have more power and higher-quality interior materials (plus a higher price), but has roughly the same passenger space and less maximum cargo capacity. To these eyes, it also looks worse.  On paper, the Seltos has 26.6 cubic-feet of cargo room behind the back seat, which would indeed be greater than sub-compact models but less than the CR-V's of the world. The CX-30 has 20.1 cubic-feet and you can see its luggage test here.  Like some other crossovers, including next week's Mercedes GLB, the Seltos has a dual-height cargo floor. The upper height is pretty much there to meet up with the folded rear seatbacks to create a flat-ish load floor. Since there's only a spare tire and bare metal below it, I saw no reason to test the cargo capacity with the high-floor setup. It seems logical that Seltos owners would almost exclusively use the lower, more voluminous floor height.  On to the luggage. I use two midsize roller suitcases that would need to be checked in at the airport (26 inches long, 16 wide, 11 deep), two roll-aboard suitcases that just barely fit in the overhead (24L x 15W x 10D), and one smaller roll-aboard that fits easily (23L x 15W x 10D). I also include my wife's fancy overnight bag just to spruce things up a bit (21L x 12W x 12D).  That would be all the roller bags (no fancy bag) even with the rigid, hatchback-style cargo cover in place. Excellent. That's the same amount of bags as the CX-30 could manage with NO cargo cover. Basically, the size difference indicated on paper is confirmed.  Remove the Seltos cargo cover and not only does the fancy bag fit, but there'd be room for another duffel bag.  This amount of height and width is comparable to those crossovers that are technically a size up in the "compact" category. The difference, though, is cargo area depth.