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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.

Kia plans production version of Telluride full-size SUV

Kia is reportedly planning an announcement on a production version of the Telluride, a full-sized three-row SUV it unveiled as a concept at the 2016 Detroit auto show. The news comes after a year in which Kia lost sales in the hot-selling utility vehicle segment. Wards Auto reports Orth Hedrick, Kia's vice president for product planning, as saying the company will "have some announcements soon" about the seven-passenger vehicle. Sister brand Hyundai is also expected to bring a large crossover in 2019 as a 2020 model. The Telluride was built on the modified underpinnings of Kia's Sorento crossover. It featured a 270-horsepower, 3.5-liter V6 paired with a 130-hp electric motor that combined for 30 miles per gallon on the highway in all-wheel drive, though of course there's no guarantee the production version would carry identical specifications. Kia reportedly sees a need in its portfolio for a utility vehicle with more space than is offered by the Sorento, a midsize crossover now in its third generation that also offers three rows of seating. The company could use a boost in the popular segment: Sales of the Sorento slipped 13 percent in 2017 to 99,684, while sales also fell 10 percent for the Sportage, to 72,824. Kia last offered a full-size SUV with the short-lived Borrego, which it launched as a 2009 model. The brand is also developing an electric version of the Niro crossover, which it unveiled recently at CES, that gets 238 miles of range.Related Video: Featured Gallery Kia Telluride Concept View 13 Photos Plants/Manufacturing Kia Crossover SUV kia sorento kia niro Sport Utility kia telluride kia telluride concept

Kia may produce all-electric version of the Niro crossover

Kia is considering producing an all-electric version of the Niro, the crossover vehicle that was the first from the South Korean company to be designed as a dedicated hybrid vehicle. Kia Motors operating chief Tae-Hyun Oh told the UK's Car Dealer magazine that the Niro's size, utility, and hybrid pedigree, along with stricter worldwide emissions mandates, may push the automaker to make a Niro EV. Kia, whose sister company Hyundai sells the hydrogen fuel-cell Tucson crossover in limited numbers, is also considering making a fuel-cell car in order to boost its green-vehicle pedigree further. Kia has sold more than 1,000 Niro hybrid vehicles since that model debuted in August. An all-electric Niro would be based on the same platform as the Kia Ioniq. That model has hybrid, plug-in hybrid, and battery-electric variants, reflecting what Kia said earlier this year was a three-pronged attack to broaden the Ioniq's exposure. The all-electric version of the Ioniq, which debuted in South Korea earlier this year and is slated to start sales in the US by the end of 2016, has a 28-kilowatt-hour battery pack that provides a single-charge range of about 110 miles. Currently, Kia sells an all-electric version of the Soul crossover. That model can go 93 miles on a full charge, though reports surfaced in September that the Kia Soul will get a refresh in 2018 that will boost its single-charge range in order to better compete with longer-range models such as the Chevrolet Bolt and Tesla Model 3. The Niro was first shown off as a concept model at the 2013 Frankfurt Motor Show, while a production version was unveiled at the Chicago Auto Show this February. Related Video: Featured Gallery 2017 Kia Niro View 18 Photos News Source: Car Dealer via Hybrid Cars Green Kia Crossover Electric kia niro