2012 Hyundai Sonata Limited Sedan 4-door 2.4l 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.

Hyundai recalls 6,071 more Velosters over shattering sunroofs

Back in December, Hyundai issued a recall affecting some 13,500 Veloster hatchbacks because their optional panoramic sunroofs could possibly shatter while the vehicle is in motion. Now, an expansion of that recall has been announced, with an additional 6,071 units of the 2012 model year hatchback figuring in to the problem.
The original recall covered cars built between November 1, 2011 and April 17, 2012, but this expansion concerns vehicles built from July 4, 2011 to October 31, 2011. Just like before, the official National Highway Traffic Safety Administration bulletin states that these vehicles may be fitted with sunroofs that were inadvertently weakened during installation, and thus, can possibly break while the vehicle is in motion.
This second sunroof recall is expected to kick off next month. Dealers will inspect the sunroofs in these affected vehicles and will replace the whole assembly if necessary, free of charge. Scroll down to read the full NHTSA report.

Hyundai beefs up HB20 R-Spec in Brazil

If you've been following the news from the Sao Paulo Motor Show, you'll likely have seen not only a series of new concept cars, but also a whole mess of production vehicles you never knew existed because they were developed specifically for the Latin American market. One of them is the Hyundai HB20.
Hyundai Brasil makes the HB20 in Sao Paulo for local consumption in three forms: there's the HB20 hatchback, HB20S sedan and HB20X crossover. It's the former which it has transformed into the R-Spec concept you see here.
Decked out in matte blue, the HB20 R-Spec concept packs an aggressively upgraded aero kit, extra cooling ducts, 17-inch alloys, LED headlights and an interior with leather trim and striped seats. Even if we don't know what's under the hood, it all looks pretty convincing, and makes us wish Hyundai would offer it Stateside as part of the Accent family with which it shares its underpinnings.