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Hyundai testing more variants of top-secret commercial van

The commercial van market in the US is exploding with new products at the moment, with entries from Ford, Ram, Nissan and others. And we are seeing images (again) of Hyundai testing its own van in Europe, as well, though it's not known whether the model will make it to the US. While the company has offered work vehicles overseas in the past, this one appears to be a direct competitor to European vehicles with large bodies and tiny wheels like the Ford Transit and Mercedes-Benz Sprinter.
The latest images show off not just the standard commercial van but also the pickup version, and interior for the first time. According to our spy shooters, Hyundai did not want people to see the inside of the test vehicle, reaching out specifically in an attempt to secure the pictures you see here. It's hard to say what's worth being so secretive about, but that big infotainment screen certainly looks like a nice addition. We still aren't sure whether the Korean company has opted for front- or rear-wheel drive for the model, but the gearshift suggests that it's using a six-speed manual transmission.
The pickup truck version has a cab that looks just like the standard van. Testing this variant suggests that Hyundai is addressing the need for multiple body configurations in the commercial space.

Hyundai reveals new i20 hatchback ahead of Paris debut

If you had ever traveled overseas and rented a Hyundai Getz, you'll likely have gotten why it was the butt of jokes: it Getz you from A to B, but not much more. But like the company that makes it, the Korean supermini is all grown up now, long since eschewing the punchline nameplate for the i20 moniker. And here is its latest successor.
Set to be unveiled at the Paris Motor Show this fall, the new i20 is Hyundai's rival to the likes of the Ford Fiesta, Volkswagen Polo, Toyota Yaris and such. Designed in Europe for the European market, the new i20 stretches its wheelbase nearly two inches longer than its predecessor (and four and a half inches longer than the knees-in-your-chest Getz) to offer best-in-class legroom and cargo capacity.
Hyundai also says the new i20 is the first in its segment to offer an opening panoramic sunroof. While we wouldn't exactly call the styling "exciting" (especially in that shade of brown), penned at the company's European design center in Rüsselsheim, Germany, it certainly does look more mature... which, we take it, is kinda the point.

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.