2014 Hyundai Santa Fe Sport 2.4l on 2040-cars
4727 U.S. 19, New Port Richey, Florida, United States
Engine:2.4L I4 16V GDI DOHC
Transmission:6-Speed Automatic
VIN (Vehicle Identification Number): 5XYZU3LB7EG151381
Stock Num: 140928
Make: Hyundai
Model: Santa Fe Sport 2.4L
Year: 2014
Exterior Color: Serrano Red
Interior Color: Beige
Options: Drive Type: FWD
Number of Doors: 4 Doors
Mileage: 8
Thank you for viewing our vehicle here at Hyundai of New Port Richey! Please email us if you have any questions about the vehicle. We have a dedicated internet team waiting to assist you in your search for a vehicle. You can also call us today at: 888-442-8407 or come see us at 3936 US HIGHWAY 19, NEW PORT RICHEY.
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Hyundai spooks investors by paying $10B for new Gangnam HQ location
Thu, 18 Sep 2014Doing 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.
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