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Hyundai Veloster video lets us hear what's coming

A couple of weeks ago we rather enjoyed seeing the redesigned Hyundai Veloster in some jaunty camo, a look we'd actually enjoy having as an option to buy. And just yesterday we saw it nekkid in spy shots taken of a video shoot. Now Hyundai has released a video teaser to the new car, and what's interesting is not what we see — the car in the video is back in the multicolored camo again — but rather what we hear. Expect the Veloster Turbo to share the 201-horsepower turbocharged 1.6-liter inline-four and transmissions from the Elantra GT Sport. And we expect, or at least hope, that the hopped-up Veloster N will get the 271-horsepower turbocharged inline-four from the i30 N, a car we won't get in the States. So what are we hearing here? Hard to know. It's more likely Hollywood (or rather Seoul) special effects than the sound of the 1.6 turbo. And spy shots of the Veloster N have shown it wearing a wing, which doesn't seem to be the case with the teased car. Maybe the wing's an option or won't be offered in production. But the grille shape of the video car also does not seem to conform to what we've seen on the Nurburgring. And the Veloster N isn't expected to be offered right off the bat, anyway. Whatever it is, it sounds pretty good. It'd be nice to think this is how the car will be. View 6 Photos 2019 Hyundai Veloster Turbo View 5 Photos Image Credit: Hyundai Auto News Hyundai Hatchback Performance hyundai veloster n

Hyundai And Kia To Pay US $100M For Overstating MPG

Korean automakers Hyundai and Kia will pay the U.S. government a $100 million penalty to end a two-year investigation into overstated gas mileage claims on about one-third of their models. The government says the civil penalty is the largest for a Clean Air Act violation in U.S. history. The discrepancy was discovered after the EPA got complaints about lower-than-advertised mileage on Hyundai's Elantra compact. Audits discovered overstated mileage on the Elantra and other models from 2011 into 2013. Hyundai says it made honest mistakes in interpreting complex EPA mileage test requirements. Neither company admitted liability and both maintain they complied with the law. Generally mileage was overstated by one or two miles per gallon on 13 vehicles. But one vehicle's highway mileage was 6 mpg higher than the EPA tested. Auto News Hyundai Kia mpg

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.