2016 Kia Sportage Lx on 2040-cars

Auto blog

Recharge Wrap-up: Venturi seeks funding for speed record, Kia partners on V2G

Venturi Automobiles has started a crowdfunding campaign to help break an EV speed record. Venturi's goal, with the help of The Ohio State University, is to set a new FIA World Speed Record for Battery Powered Electric Vehicles of over 7000 pounds with its VBB-3. Venturi set the current record at 307 miles per hour, but wants to exceed that this September at the Bonneville Salt Flats. Funders can score merchandise like T-shirts, miniature models, and even their name on the side of the car. Learn more at Venturi Automobiles' Kickstarter page. Kia is providing six Soul EVs to UC Irvine's Advanced Power and Energy Program (APEP). APEP is using the electric vehicles for the development of vehicle-to-grid technology and smart charging systems. Kia says the collaboration is helpful in its goals of expanding EVs over the next five years. "Grid-connected electric vehicles offer tremendous potential in terms of energy storage and dispersion during high-demand periods," says Kia VP of Product Planning Orth Hedrick, "and Kia is excited to collaborate with APEP in the study and development of advanced smart grid technologies." Read more from Kia, or at Green Car Congress. Daimler is launching its Mercedes-Benz Energy brand for stationary energy storage. Taking on the likes of Tesla with its Powerwall, Daimler began shipping battery packs for residential energy storage in Germany in April, with an eye toward solar systems. Now, with its new brand, the company looks to expand to the global market. "By founding Mercedes-Benz Energy GmbH, we are underscoring our ambition to be a technological and market leader in the field of highly efficient storage systems," says Daimler's Harald Kroger. "With our unique combination of high standards of quality and safety and positive economies of scale, we are supporting the success of the new energy era while helping to make electromobility affordable." Read more in the press release below. Daimler Establishes Mercedes-Benz Energy GmbH for Stationary Energy Storage Daimler AG is continuing to expand its network of expertise in the field of lithium-ion battery applications. Within this innovative line of business, the newly established Mercedes-Benz Energy GmbH is assuming the development and global sale of Mercedes-Benz brand stationary energy storage with immediate effect. Thus, Daimler is focusing even more on the growing market for stationary batteries.

2019 Kia Stinger gets IIHS Top Safety Pick+ rating

The 2019 Kia Stinger just officially received an IIHS Top Safety Pick+ award, which is the highest honor from the Insurance Institute. However, this award only applies to Stingers equipped with optional front crash prevention and specific headlights. All the crashworthiness ratings returned with a "Good" rating, and that applies to every version of the Stinger sold here. The forward collision avoidance assist with pedestrian detection is an option on the Stinger, and this combined with trims sporting LED headlight projectors results in the TSP+ rating. In IIHS forward collision tests, the Stinger successfully avoided collisions at 12 mph and 25 mph. The base halogen projector headlights were rated "Poor," so watch out for those while Stinger shopping. Interestingly, the IIHS rated the static LED projectors as "Good" and the curve-adaptive LED projectors got lower marks as "Acceptable." For reference, the curve-adaptive LEDs are found on the Stinger GT2 trim. The IIHS just thinks the visibility with the adaptive LEDs is worse compared to the static units. We can't say we're surprised that the Stinger received the TSP+ award, as it shares a modified platform with the Genesis G70 that received the same rating from the IIHS. The new sport sedan and sportback from Genesis and Kia clearly crash well. That's always heartening to hear, especially as we continue with the long-term test of our Kia Stinger GT. We love the red bullet of a hatchback, and most recently compared it to a Genesis G70 with the same powertrain.

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.