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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.

2015 Kia Sorento shows its new face in fashion-forward Paris

It seems like we've been catching glimpses of the 2015 Sorento for ages now, but Kia has finally revealed the European version of its revised crossover at the 2014 Paris Motor Show.
For the latest Sorento, Kia a few of the elements from the Cross GT concept and adapts them for the road. The production model has the brand's familiar mesh grille up front and headlights that wrap around the body with large foglights below. It features a modified version of the concept's swept-back stance that thankfully removes the awkwardness from the original design. Kia says that shaping the latest crossover was truly a global effort with input coming from Korea, Germany and the US.
For Europe, powertrains amount to a trio of four-cylinder engines with a 2.4-liter gasoline unit with 185 horsepower, a 2.0-liter diesel with 182 hp and 2.2-liter diesel with 197 hp. They're all available with a six-speed automatic, and a six-speed manual is offered on the petrol mill and 2.2-liter oil-burner.

Next Kia Sedona minivan spied

After skipping the 2013 model year and returning for 2014, the Kia Sedona is getting a full redesign for 2015, which we see for the first time in these new spy shots. The new Sedona isn't going to look as much like the 2011 KV7 Concept as we had hoped, but we definitely see some key styling cues from the Kia concept minivan.
Even though it's covered in heavy camouflage, we can see that some of the KV7's cues on the 2015 Sedona include the vertical front marker lights, the horizontal taillights and the pinched beltline starting at the C-pillar. Kia's trademark Tiger Nose grille is present and accounted for, as is the telltale dip in the windshield.
All in all, the next-gen Sedona already looks to be a significant improvement over the current, generally boring model, which dates back to 2006 and has a striking resemblance to the Ford Freestar. There is no word yet as to what will power the 2015 Sedona, but our spy shooter said that this prototype was most likely powered by a 2.2-liter diesel.