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Insider trading ahead of Hyundai-Kia MPG debacle suspected

Reuters is reporting that large-scale insider trading may be at the heart of some particularly fishy stock-selling behavior, just prior to the original announcement about the Hyundai-Kia fuel economy ratings debacle.
On November 1st, Hyundai-Kia shares traded roughly 2.2 million times (the single highest-volume day of the year), and the stock price fell by about four percent. For reference, a standard daily trading volume for the stock in 2012 saw about 600k shares trading hands. On November 2nd, the company made public the bad news about the dropping fuel economy ratings for many of its models. In other words: No one outside of the company (and only a smallish group inside the company, we'd imagine) should have known anything about the impending bad news as of the first day of November. After the announcement, the stock price tanked, as you'd expect, and trading volume was way down as well.
Experts seem fully aware that the whole thing reeks of leaked information and subsequent insider trading. If chicanery on this sort of scale seems wacky to you, you'd be inline with the experts who report to Reuters that the level of trading is absolutely suspicious.

Polestar 3 and 5 updates, and a compact Toyota pickup? | Autoblog Podcast #733

In this episode of the Autoblog Podcast, Editor-in-Chief Greg Migliore is joined by Senior Editor, Green, John Beltz Snyder. First, they discuss the news, including the possibility of a compact Toyota pickup, new details about the Polestar 3 and Polestar 5, whether Tesla needs a PR department and fresh info about the 2023 Honda HR-V. They also review the GMC Sierra, Kia EV6, Hyundai Kona Electric and Buick Enclave Avenir. Next, Consumer Editor Jeremy Korzeniewski reports from the ground at the first drive of the Ford Bronco Raptor, and Multimedia Producer Erik Maier joins in to talk about Autoblog's Father's Day gift guide and other deals. Send us your questions for the Mailbag and Spend My Money at: Podcast@Autoblog.com. Autoblog Podcast #733 Get The Podcast Apple Podcasts – Subscribe to the Autoblog Podcast in iTunes Spotify – Subscribe to the Autoblog Podcast on Spotify RSS – Add the Autoblog Podcast feed to your RSS aggregator MP3 – Download the MP3 directly Rundown Toyota looking hard at compact pickup market Polestar 3 shows itself and looks good Polestar 5 electric sedan outed in EU patent images (and now we have spy shots) Does Tesla need a PR department? (via Automotive News) 2023 Honda HR-V pricing and specs revealed Cars we're driving: 2022 GMC Sierra 1500 Denali Ultimate 2022 Kia EV6 2022 Hyundai Kona Electric 2022 Buick Enclave Avenir Dispatch: 2022 Ford Bronco Raptor Father's Day gift ideas straight from the Autoblog staff Five excellent Father's Day deals for dads Feedback Email – Podcast@Autoblog.com Review the show on Apple Podcasts Autoblog is now live on your smart speakers and voice assistants with the audio Autoblog Daily Digest. Say “Hey Google, play the news from Autoblog” or "Alexa, open Autoblog" to get your favorite car website in audio form every day. A narrator will take you through the biggest stories or break down one of our comprehensive test drives. Related video:

2020 Kia Forte GT revealed at SEMA adds turbo engine, manual transmission

We figured it was coming soon, but the performance version of the Kia Forte just dropped at SEMA. Named Forte GT, this 2020 model sedan takes the redesigned for 2019 Forte and turns it up a few notches in the fun department. Replacing the naturally aspirated 2.0-liter four-cylinder is a 1.6-liter turbocharged four banger. It makes 201 horsepower and 195 pound-feet of torque, which is identical to the power it makes in the Hyundai Elantra Sport and GT Sport. A "sport-tuned" dual exhaust is added to give the car some aural appeal too. Buyers will be able to choose between a six-speed manual and a seven-speed dual-clutch automatic, also the same as the Elantra. We hope you're noticing a trend here. The torsion bar rear suspension is replaced with a fully independent suspension design, making it that way for all four corners. Thicker sway bars and larger disc brakes are used all around as well. To keep it stuck to the ground, Kia is offering Michelin Pilot Sport summer tires as an option — that's pretty sweet. All of these changes follow the same pattern as the Elantra did when Hyundai introduced the Sport trim for that car. The Hyundai doesn't offer this aggressive of a tire package though. Of course, there are exterior changes here, too. New 18-inch two-tone wheels are exclusive to the GT. A shouty (and questionable) gloss black and red accented grille with GT designation is the most obvious switch-up. There's more gloss black on the mirrors, side sills, rear spoiler and turn signals. Black sport seats with red contrast stitching, a flat-bottom steering wheel and aluminum sport pedals differentiate the interior from the normal Forte trims. Kia is also making a less exciting Forte "GT Line" trim car, which is essentially a GT appearance package. You'll get almost all the go-fast look parts, but the mechanicals are identical to the standard Forte. This means the 2.0-liter, CVT and torsion beam rear go back in. The baby Stinger theme is carried on with this car in its name and even the GT1 and GT2 option packages available for these two new trim levels. Both the packages offer differing levels of Kia's driver assistance technologies, as well as tech like a Harman Kardon audio system and heated/cooled seats. While we can safely say the new Forte is no Stinger, this GT trim is an extremely welcome addition, especially the continued option for a manual transmission. Related video: