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Kia releases second Sedona teaser ahead of New York debut

Kia has released a second teaser image of the next-generation 2015 Sedona minivan ahead of its debut at the New York Auto Show, and it doesn't leave much to the imagination. The van is a much-needed replacement for the current (aging) model that was briefly withdrawn from the US market and then brought back, nearly unchanged.
The new Sedona seems to take a little inspiration from the KV7 concept with its narrowing rear side glass that appears to wrap around to the back. Otherwise, it is the same general shape we have come to know from minivans. That said, the sloping A-pillar and rear spoiler provide a bit more sleekness to the appearance. The original teaser showed off the Sedona's chrome, tabbed grille and headlights.
Kia isn't confirming many details about the new eight-passenger minivan yet. What we know: it rides on a new chassis, power comes from a 3.3-liter, direct-injected V6, and it's going to be offered with Kia's UVO infotainment system. We'll get the full scoop in New York next week, but for now, scroll down for the official announcement.

A closer look at the 2015 Kia Soul EV

Kia is set to join the fully electric vehicle space this year, with the fresh-faced 2015 Soul EV. The all-electric Soul made its debut at the Chicago Auto Show earlier this month, and Autoblog west coast editor Michael Harley had a chance to speak with Orth Hedrick, Kia's vice president of product planning, about the new electrified hatchback. In its standard form, the Kia Soul offers tons a wealth of functionality with its upright packaging, and with a new 81-kilowatt electric motor underhood, the electric vehicle should be good for between 80 and 100 miles of driving range. Charging times vary from as long as 24 to five hours, depending on your setup, and Kia is partnering with Bosch, Leviton and AeroVironment to provide different charging solutions, depending on a customer's specific needs. Take another, closer look at the 2015 Kia Soul EV in the video, below.

Why BMWs are cheaper than Hyundais in Korea

Bloomberg reports shifting tariff regulations have upended the traditional automotive pecking order in Korea. Thanks to cheaper import taxes, foreign brands have seen market share jump from 28 percent to 41 percent over the last two years. BMW, Mercedes-Benz and Audi have all capitalized on the shift, with domestics like Hyundai and Kia suffering at the hands of their German rivals.
Taxes on European imports have fallen from 8 percent in 2011 to just 3.2 percent today. Over the next few years, tariffs will all but be eliminated for most imports, and taxes on US-made vehicles are expected to fall to just 4 percent in 2014. By 2016, that number will be zero. Needless to say, Hyundai and Kia are concerned about the shift.
Hyundai has seen profit fall by 15 percent last quarter, and the company says it is on pace to see the slowest sales growth since 2007. The company's shares have fallen by 12 percent. In order to stem the losses, Hyundai has discounted its midsize sedans and started working on diesel engine options.