2005 Hyundai Santa Fe Lx Sport Utility 4-door 3.5l 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.

A new Hyundai Accent arrives next week with baby Elantra styling

The teaser video above doesn't leave much to the imagination, giving us a very good look at the shape and some details of the 2018 Hyundai Accent sedan. But this is all we get until the car is fully revealed at the Canadian International Auto Show in Toronto on Thursday, February 16. From the flashes of light and silhouettes, it's apparent the new subcompact Accent sedan will take pretty much all of its cues from the compact Elantra, which itself was updated for 2017. The Elantra, in turn, looks like a combination of about three other cars, but it manages to blend those designs in a handsome way. Its almost fastback design, LED lighting signature, and hexagonal grille all appear to carry over to the new Accent. We expect Hyundai to continue to offer a five-door Accent hatchback in this next generation as well. As for the interior, we expect a similar complement of new features, like infotainment with Android Auto and Apple CarPlay functionality and some new safety systems. Mechanicals are likely to be very similar to what's available on the Accent today, which means a relatively efficient four-cylinder, probably again displacing 1.6 liters and making about 140 horsepower. We'll of course bring you all the details once the car is revealed next week. Related Video:

2015 Hyundai Genesis Coupe dumps turbo four, goes V6 only

Hyundai's rear-wheel-drive Genesis Coupe has been soldiering along for several years with the choice of either a turbocharged 2.0-liter four-cylinder or a 3.8-liter V6, but that's about to change. Hyundai Motor America spokesperson Jim Trainor has confirmed to Autoblog: "The 2.0L Turbo engine will be discontinued starting with the 2015 model year, allowing us to reposition Genesis Coupe with its more premium performance buyer."
Rumors of the change first emerged over at The Korean Car Blog, which cited the company's ordering system as proof of the change, and it claims that there are some other changes in store for the 2015 Coupe as well. According to KCB, the base Genesis will use the 3.6 and will continue to be offered with either a six-speed manual or eight-speed automatic. Upgrading to the R-Spec model will add LED running lights, but other exterior appearance changes are unclear. Finally, the Grand Touring version will be dropped entirely, and the Ultimate trim will gain optional brown leather.