2014 Hyundai Elantra Limited on 2040-cars

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Hyundai i20 Sport previews future N Division hot hatches

Hyundai is in the process of launching its own performance sub-brand that, eventually, will yield its own line of hot hatches. But while we wait for those to arrive, the Korean automaker has given us a little taste of what's to come with the i20 Sport you see here. Launched exclusively in Germany (where Hyundai Motorsport is based), the Hyundai i20 Sport is based on the Korean automaker's Ford Fiesta and Volkswagen Polo rival – and the basis for its World Rally Championship contender. The new Sport variant is more of a warmed-over job than an outright hot hatch, but it's not without its share of performance enhancements. The suspension is lowered and mounted to 18-inch OZ wheels. It features a new aero kit, though you might have missed it given the attention-grabbing (but optional) graphics. And the engine – while just a modest 1.0-liter turbocharged inline-three – produces a not inconsequential 120 horsepower. That's fairly competitive for an engine that size... especially when you can row the most out of it with a six-speed manual like the one fitted to the i20 Sport. Those specs are a promising harbinger of things to come. Hyundai's N division has already recruited top talent from BMW M GmbH, shown us where its heart is at with the N 2025 Vision Gran Turismo concept, and promoted itself through the company's WRC effort. We're looking forward to seeing how the i20 N (or whatever it's called) will shape up, but in the meantime the Sport model you see here gives us an idea of what it will look like. Related Video: Featured Gallery Hyundai i20 Sport News Source: Hyundai Hyundai Hatchback Performance hyundai i20

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.

Hyundai shocks Korea with mid-engined Veloster concept

There are many things we love here at Autoblog, but one of the quirkiest is the mid-engined hot hatch, whether it's the Renaultsport Clio V6 or the Volkswagen GTI W12-650 concept. Unfortunately, we can never seem to get our hands on one - the former never having made the transatlantic journey and the latter remained strictly a concept. And now we've got one more to salivate over.
It's called, simply enough, the Veloster Midship concept, and Hyundai is unveiling it this week at the Busan Motor Show in South Korea. As you might have guessed, it's essentially a Veloster with the engine - a 2.0-liter Theta turbo four producing 296 horsepower - mounted behind the two seats. It's also got a lightweight aluminum suspension, a reinforced chassis and extreme aero to help that mid-mounted turbo engine do its thing.
The project was undertaken by the same team that developed the initial i20 WRC rally car, but unfortunately as Hyundai itself says in the press release below (released with the solitary image above), "The Midship is a concept only to explore possibilities for the Veloster chassis and is currently not related to any future production model." Which is a bit of a shame, but hardly a surprise.