2010 Kia Soul - Rebuildable Project Car - No Reserve!!! 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.

Kia's Intelligent Manual Transmission — here's how iMT and clutch-by-wire works

When Kia introduced the facelifted Rio for Europe a few weeks ago, the press release briefly touted a clutch-by-wire six-speed manual transmission that would improve gas mileage and reduce CO2 emissions. A new press release provides details on the Intelligent Manual Transmission (iMT), which we find a surprising avenue of innovation designed just for mild hybrids. Traditional and dual-clutch automatic transmissions, thanks in part to more gears and programmed repeatability, already perform better than human drivers shifting for themselves in metrics including gas mileage. Kia's head of powertrain in Europe said the automaker developed the manual just because "European drivers in particular still love changing gear for themselves." With the pressure on budgets and on standard gearboxes even before the current travails, this seems a benevolent gesture. The traditional linkage from clutch pedal to gearbox goes AWOL in the iMT, sensors on the pedal lever controlling clutch actuation electronically. And an iMT-equipped Kia can take over control of the driveline even when the vehicle is in gear. For example, when a driver takes his foot off the accelerator as he approaches a stoplight, the iMT tells the mild hybrid system to turn off the engine, as it disengages the clutch. Normally, many drivers use coasting in gear in this situation as a way to slow the car without pressing the brake pedal. Kia's system has "the open clutch limiting deceleration and allowing the car to make the most of its kinetic energy," which will mean rethinking one of the finer points of transmission use. If the driver presses the accelerator or brake during the coast, the integrated starter-generator (ISG) restarts the engine. Assuming speed hasn't dipped too low for the chosen gear, the iMT engages the clutch and the driver resumes in the gear the Kia was left in. The hybrid system supplies a boost to get engine revs back up to speed in order to avoid bogging. If vehicle speed is too low to avoid bogging in the current gear, the iMT will disengage the clutch so the car effectively restarts in neutral while in gear, and the driver adjusts.

Kia is bringing a fullsize SUV concept to Detroit

Hey, remember the Borrego? Kia took a stab at the fullsize SUV market in 2009 with a body-on-frame SUV, and after only one year of production, the Borrego was discontinued. Bummer. But Kia's apparently interested in rejoining the fullsize SUV segment, and will show the big concept you see here at the Detroit Auto Show next week. That's really all we know right now. Kia only offers a super short statement (that you can read below) confirming its SUV concept was designed in California and features "an abundance of advanced technology," including "state-of-the-art health-and-wellness technology" – whatever that means. It's simply meant to "[suggest] styling of a possible future premium large SUV in the brand's lineup." From this one image, the most noticeable design elements are a rear end that looks surprisingly similar to the Volvo XC90 in profile, and front and rear door handles that flank the B pillar, sort of like a minivan. Should this SUV come to production, we doubt it'll use body-on-frame architecture, since Kia doesn't have anything like that in its current portfolio. Maybe it'll ride on a version of the rear-wheel-drive platform that underpins the fullsize K900 sedan (or the upcoming Genesis G90). At this point, your guess is as good as ours. We'll know more next week. Detroit Concept Teaser #1 Kia Motors America will reveal a new concept car January 11 at the 2016 North American International Auto Show. Conceived at the automaker's California design studio, the concept offers an abundance of advanced technology – including state-of-the-art health-and-wellness technology – and takes Kia's design language in a bold new direction, suggesting styling of a possible future premium large SUV in the brand's lineup.