2014 Kia Soul + 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.

Kia GT to debut in Paris, production in 2017

After years of waiting, the Kia GT four-door coupe (concept pictured above) could finally debut in production guise at the Paris Motor Show in October, and the brand would start making it in 2017, according to Autocar. The South Korean automaker could also create a hotter variant of the pint-sized Rio in 2018 to give the lineup a dash more performance. Kia debuted the rear-wheel drive GT concept at the 2011 Frankfurt Motor Show, and the svelte four-door offered some speed thanks to a 3.3-liter turbocharged V6 with 389 horsepower and 394 pound-feet of torque and an eight-speed automatic gearbox. Kia seemed primed to build the model several times over the years as a US-focused vehicle, but the latest report hinted that production wouldn't happen until 2017. Autocar claims that the final design incorporates cues from the sporty GT4 Stinger concept. Kia also intends to introduce performance-oriented models with the GT moniker lower in its range. According to Autocar, the Rio GT would ride on the vehicle's lighter next-gen platform and offer about 180 horsepower from a 1.6-liter engine to compete against the Ford Fiesta ST, which already has 197 hp. However, the South Korean automaker might want to consider a more potent powerplant to keep up in the hot hatch arms race, because spy shots already suggest the Blue Oval's development of a Fiesta RS with around 250 hp. Related Video: Featured Gallery Kia GT Concept: Frankfurt 2011 View 13 Photos News Source: AutocarImage Credit: Copyright 2016 Drew Phillips / AOL Design/Style Rumormill Paris Motor Show Kia Hatchback Concept Cars Performance Sedan 2016 paris motor show kia rio kia gt kia gt concept

With more power and better mpg, the 2017 Kia Soul Exclaim is one to get.

We got our first look of the turbocharged Kia Soul just over a month ago at the Paris Motor Show in the form of the Soul SX. Because it was the Euro-spec model, we couldn't be sure just how much of it would change for the American market. But now it's abundantly clear that the US-spec Soul Exclaim is the very same car. The understated body modifications, the 201-horsepower turbocharged 1.6-liter engine, and the upgraded interior all make the trip to the States. We do learn a few more details now that the American model has been unveiled. One of the most surprising ones is the gas mileage. Although the Soul Exclaim is by far the most powerful trim in the range, it also yields the best fuel economy. The combined city and highway rating is 28 mpg, which tops the second-highest rated Soul Plus by 1 mpg overall. For reference, the Soul Plus is only offered with a 2.0-liter, 161-horsepower, naturally aspirated four-cylinder and a 6-speed automatic. The 130-horsepower naturally aspirated entry-level Soul only gets 26 mpg, regardless of whether it's equipped with a manual or automatic. This does bring us to a disappointing tidbit about the Kia Soul Exclaim. It's only available with a 7-speed dual-clutch transmission. A spokesperson from Kia told us that the reason for this was to improve fuel economy and get the most performance out of the car. He also mentioned that the take rate for manual transmissions is very low. While we understand the reasoning, we still hoped it would be offered with a clutch pedal, especially since the engine is shared with the Hyundai Veloster Turbo and the Elantra Sport, both of which are available with 6-speed manuals. However, if you don't have to row your own gears, the Soul Exclaim is by far the model to get. It goes the fastest, is the most efficient, looks the best, and has the nicest interior, complete with a 315-watt stereo with subwoofer. Kia hasn't revealed pricing yet, but it's safe to say it will be the most expensive Soul, too. But if you want a Soul and have the means, this is the obvious choice. Related Video: This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings.