4dr Car 1.6l Cd 4 Cylinder Engine 4-wheel Abs 6-speed M/t A/c Am/fm Stereo 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.

2015 Hyundai Tucson Fuel Cell

Hyundai leased its first Tucson Fuel Cell crossover last week, which the automaker claims makes it the first mass-produced fuel cell vehicle (FCV) that has been offered to the public (Honda may have something to say about that...). The vehicle, which consumes hydrogen and emits only clean water vapor from its exhaust pipe, will initially only be offered for lease in Los Angeles and Orange Counties - two regions with the greatest density of approved hydrogen stations in the country - at a monthly fee of $499. Since the Tucson FCV rolls down the same Ulsan, Korea, production line as its gasoline-powered relative, production is scalable based on customer demand.
We attended the festivities with the dignitaries and elected officials - clapping until our hands hurt. But once it was over, we grabbed a set of keys and took the new FCV for a half-hour jaunt. According to the press materials, written with a welcomed sense of humor, Hyundai will offer it in three colors: white, white and optional white. Our test model was the latter.
Driving Notes

Hyundai's all-new 2018 hydrogen-powered CUV comes into focus

It's no secret that Hyundai has plans for hydrogen-powered vehicles beyond the currently available Tucson Fuel Cell. Ever since the debut of the Intrado concept at the Geneva Motor Show in early 2014, Hyundai has been dropping hints about what the new big-ish H2 vehicle will offer. We say "big-ish" because Hyundai Motor Group's director of eco-vehicle development, Ahn Byung-ki, told Automotive News that the next-gen hydrogen powertrain will find a home in a "totally new" model that will be "somewhere between a CUV and SUV." So, whatever fancy new automotive segment that phrase happens to define – MUV, for middleweight utility vehicle? – is what Hyundai's new hydrogen offering will be. Under the hood, the upcoming vehicle will use a fuel cell that doesn't need as much platinum and will have a bigger battery and a smaller motor. We had originally heard that this new hydrogen CUV/SUV would arrive in 2020, but Ahn said that the 2018 Winter Olympics, which will be held in Pyeongchang, South Korea will be "a big event. That's always a good opportunity for PR." With the Intrado concept, Hyundai said it was, "far more than a styling exercise." We've since heard that Hyundai believes that a CUV/SUV model offers the best option for customers buying a fuel cell vehicle. Earlier this year, Hyundai's head of the company's fuel cell research, Sae-Hoon Kim, said that, "all customer feedback says range and boot space are the priorities." The Intrado concept had a supposed range of around 375 miles. What that would translate to outside of the fictional auto show universe is unknown, but it sounds like Hyundai is ready to make all of this more real. Related Video: Featured Gallery Hyundai Intrado Concept: Geneva 2014 View 16 Photos News Source: Automotive News – sub. req. Green Hyundai Green Automakers SUV Hydrogen Cars h2 hyundai intrado