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2021 Kia Seltos prices possibly leaked

An anonymous tipster sent Motor1 a list of MSRPs for all six trims of the 2021 Kia Seltos. We can't know if the prices are all correct, but Motor1 seems to have solid underground connections into Kia's back rooms lately, and if nothing else, the numbers give us a reference for when official pricing drops. When the Seltos debuted at last year's L.A. Auto Show, the carmaker said the all-wheel drive variant of the base-model LX and the front-wheel drive version of the S will both start under $22,000. Based on the anonymous figures, a $10 bill makes Kia an honest source, both trims starting at $21,990 before destination. The reported $1,120 fee for handling takes the sum to $23,110, and puts the Seltos $2,000 under the similarly sized but more powerful Sportage. Claimed pricing for the entire lineup after destination runs: LX AWD $23,110 S FWD $23,110 S AWD $24,610 EX AWD $26,410 S 1.6L Turbo $26,610 SX 1.6L Turbo $29,010 At the time of writing, Kia has the Seltos on its U.S. website, but the information isn't all laid out yet. The starting MSRP is listed as $21,990 at the top of the page, but near the bottom of the page, the SX Turbo is listed for that price, which can't be correct. The relevant links all lead to broken pages. The base LX packs the base 2.0-liter with 146 horsepower and 132 pound-feet of torque running power through a CVT, yet clearly isn't a stripper model; it adds adaptive cruise control, Apple CarPlay and Android Auto, and 17-inch wheels to its all-wheel drive system. The S forgoes the all-wheel system to plump up on options. Installing AWD to the entry-level motor requires an additional $1,500. The upgraded 1.6-liter with 175 hp and 195 lb-ft shifts through a seven-speed dual-clutch gearbox and only comes in AWD, and it takes the surcharge to $3,500. As Motor1 also notes, the Seltos LX AWD and S FWD are more expensive than FWD and AWD versions of the Hyundai Venue and Kona, Nissan Kicks, Ford EcoSport, Mazda CX-3, and Toyota C-HR. When it comes to practical concerns like fuel economy, though, the Seltos fares well. Looking at front-drive competitors, only the much more expensive Subaru Crosstrek Hybrid and the smaller, cheaper Nissan Kicks and Hyundai Venue top the Kia, and the Buick Encore ties it. With all-wheel drive, the Seltos is also competitive. The non-hybrid Subaru Crosstrek's 30 mpg combined beats the Seltos by just one, and the more expensive Honda HR-V is tied with the Kia.

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.

Recharge Wrap-up: Kia Soul EV, Renault Zoe range boosts

California has removed its limit on the number of HOV lane access stickers available for plug-in hybrids. While the state removed limits for white stickers for solo drivers of battery electric vehicles to use the carpool lane, the green stickers for PHEVs and range-extended EVs had a limit of 85,000, which was reached months ago. Now, BEVs and PHEVs will each have an unlimited number of access stickers until the program expires on January 1, 2019. Read more at Green Car Reports. Kia could improve the driving range of the Soul EV in order to better compete with newer offerings. While its 93-mile range was competitive with most EVs when it was launched as a 2015 model, the Nissan Leaf and BMW i3 have since surpassed it, and other forthcoming affordable EVs like the Chevy Bolt and Tesla Model 3 will set the bar even higher. As such, Autocar says the Soul EV should get a range boost with a mid-cycle refresh for the 2018 model year. Read more at Autocar, and at Green Car Reports. Renault said to be set to unveil a new Zoe EV with a driving range of over 200 miles. With a debut at the Paris Motor Show in October, the popular European EV hatchback will about double its current range. Using a new battery pack from LG Chem, as well as a smaller, more efficient electric motor, the improved range would help make the Zoe even more popular as people make the switch to electric driving in Europe. Read more from Electrek. Related Gallery 2016 Renault Zoe Z.E.: Geneva 2016 View 16 Photos News Source: Green Car Reports, Green Car Reports, Autocar, ElectrekImage Credit: Kia Government/Legal Green Kia Renault Electric recharge wrapup