2014 Kia Optima Lx on 2040-cars

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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.

In lifetime analysis, Kia Soul EV is way, way cleaner than diesel model

The heart of the matter is that the battery-electric Kia Soul is better for the environment. And not just because it doesn't create any emissions while on the road. From beginning to end, the Soul EV has a far lower environmental impact than its more conventional counterparts. TUV Nord, the German technical inspection group, says the Soul EV has a carbon footprint that is 40-percent smaller than the one from the diesel-powered Soul sold in Europe. That's factoring in everything from the materials that go into building the car to the recyclability once it's defunct to, of course, tailpipe emissions. Or lack thereof. Kia plans to start sales of the Soul EV in its native South Korea sometime this year and is keeping global sales expectations modest, saying it plans to make about 5,000 Soul EVs annually. The car will be priced at the equivalent of about $39,000 US in South Korea, though government subsidies will cut that down a bit. Kia hasn't set an official launch date for the car in the US, but expects for the Soul EV to be available to Americans by the end of the year, Kia US spokesman James Hope told AutoblogGreen. Check out the press release about the Kia Soul EV's TUV Nord score below and read our First Drive impressions of the model here. Kia Soul EV earns whole-life environmental certificate - Soul EV achieves major TUV Nord Life Cycle Assessment (LCA) certificate - ISO 14040 certification considers whole-life environmental impact of Soul EV (SEOUL) June 18, 2014 – The Kia Soul EV has become the latest model from the Korean brand to earn important certification for its outstanding whole-life environmental credentials. TUV Nord, an independent technical inspection organisation, has certified the new Kia Soul EV according to the ISO 14040 Life Cycle Assessment (LCA) standard. LCA examines the environmental impact of both the car and the overall manufacturing process throughout its whole life, taking into account factors such as choice of materials, tailpipe emissions and recycling. Comparing the Soul EV to its diesel counterpart currently on sale in Europe, the zero-emissions electric vehicle scored particularly strongly for 'Global Warming Potential', emitting 39.7% fewer greenhouse gases over the whole life of the vehicle, such as carbon dioxide and methane.

2020 Kia Forte GT Road Test | Budget-friendly sport compact

It’s slim pickings out there for sport compact buyers. Just a decade ago, inexpensive sporty cars were relatively plentiful. Now? Not so much. If thereÂ’s any silver lining, itÂ’s that the few remaining small enthusiast sedans and hatchbacks are by and large quite decent little cars, this 2020 Kia Forte GT included. They also seem to be coming from the darndest places. Back when Mazda and Mitsubishi were still building cars like the Mazdaspeed3 and the Lancer Ralliart, Hyundai and Kia were effectively nowhere to be found in the sport compact segment. Yeah, the Tiburon existed; what more do you want us to say? Today, these Korean juggernauts are producing several affordable, enthusiast-friendly models. While itÂ’s no Stinger, the Forte GT boasts some reasonably credible specs. For starters, itÂ’s powered by a 201-horsepower, 1.6-liter turbo-four that also produces 195 pound-feet of torque. It can be ordered with either a six-speed manual or a seven-speed dual-clutch automatic. The GT also gets bigger brakes up front (12-inchers rather than the 11-inch discs on the base car) and larger wheels with optional Michelin Pilot Sport 4 summer performance tires. Plus, it ditches the base ForteÂ’s twist-beam rear suspension in favor of a multi-link setup, which improves both ride quality and handling. ThereÂ’s a weight penalty to all this added kit, of course. The GT checks in at 2,989 pounds with the six-speed and 3,079 with the dual-clutch unit, amounting to about 300 pounds of added heft compared to a plain-Jane Forte.  The dearth of alternatives in this segment makes it somewhat difficult to put these numbers into context, but the best analogs (aside from the equivalent Hyundai Elantra) would be the VW Jetta GLI and the Honda Civic Si. Volkswagen and Honda have been in this game for decades, and it shows; the GLI has the Forte GT beat by just about every measurement save one – curb weight. The VW is as much as 300 pounds heavier depending on equipment, which is noteworthy considering their dimensions are otherwise just about identical. The Civic is lighter but otherwise goes pretty much spec-for-spec with the Forte GT. The HondaÂ’s edge comes from a helical limited-slip differential and an adaptive suspension, neither of which is found on the Kia. We sampled a loaded-up 2020 Forte GT with the dual-clutch automatic, and for better or worse, we found its real-world performance lined up just about perfectly with its spec sheet.