News: Hyundai sees value in $10 billion land grab

Hyundai-MotorsThe Hyundai Motor Group is preparing to pay a record US$10 billion (A$11.19 billion) for the site of its new headquarters in Seoul’s high-end Gangnam district, out-bidding Samsung Electronics and sparking investor concerns that it is wasting cash on a trophy property.

If it goes ahead, it would be the highest price by far for a single piece of land in Asia since the global financial crisis, according to CBRE Research, topping the US$3.6 billion paid last year by Hong Kong’s Sun Hung Kai Properties for a site in a commercial district in Shanghai.

Investors and analysts expressed alarm at the price that Hyundai was willing to pay for a site at a time when it could be pouring money into higher dividends or more factories. At the site, it plans to build an auto theme park and a hotel as well as new offices. Continue reading “Hyundai sees value in $10 billion land grab” »

News: Kia broadens its green credentials

New-Kia-Soul-EV1

Kia Motors says it is raising the stakes as one of the world’s leading green car producers.

Two years after breaking into the 100 Best Global Green Brands, Kia has now moved well inside the top 50. Latest rankings show Kia has moved up to 37th position on the list, which is put together by Interbrand, to measure sustainable environmental activities.

As Kia prepares to launch the Soul EV, its first global electric car and one of the greenest vehicles on the planet, the company has also announced that its global vehicle manufacturing is greener and more sustainable than ever, in spite of rising sales and production levels. Continue reading “Kia broadens its green credentials” »

News: Toyota unveils new compact SUV concept

TOYOTA-C-HR

TOYOTA-C-HR-(2)Toyota has released images of a new concept car that provides the first hint of a type of vehicle the company wants to bring to the small SUV market.

The Toyota C-HR concept, which will have its world premiere next week at the Paris Motor Show, presents a new design concept and introduces a new ‘diamond architecture’ styling theme to the segment and features a hybrid powertrain.

The front view debuts new styling themes that hint at a future design direction for Toyota vehicles, while it also features a distinctive lower body, angular rear shoulders and redesigned wheel arches which have been designed to contrast with a sleek cabin profile. Continue reading “Toyota unveils new compact SUV concept” »

Mercedes-Benz: Mercedes-Benz: 2014 CLA 250 Sport 4Matic review

2014 CLA 250 Sport front 3:4

A few months ago we drove the CLA 45 AMG 4Matic (read review here) and were thoroughly impressed with its ability, but we felt the terrier-like nature of the car could become tiresome for some consumers.

Enter stage left the CLA 250 Sport 4Matic, which we found was an equally well equipped and entertaining drive, but a vehicle that’s much less frenetic than its AMG sibling, and one that we feel would be a more comfortable day to day proposition for people commuting into the office or doing the school run. Continue reading “Mercedes-Benz: 2014 CLA 250 Sport 4Matic review” »

News: Renault prototype EOLAB – 1L per 100km

EOLAB

EOLAB-2Renault has made big claims for its latest prototype, the EOLAB, which the French car manufacturer claims will deliver ultra-low fuel consumption of 1L per 100km, equivalent to 22g of CO2/km.

To achieve the low figure the designers focused their efforts on three main areas: minimising weight, refining aerodynamics and using ‘ZE Hybrid’ technology, a new initiative which permits zero emissions motoring during everyday use.

Conceived around a B-segment platform, the prototype incorporates around 100 new, realistic technological developments that are designed to be introduced gradually on upcoming Renault vehicles. Continue reading “Renault prototype EOLAB – 1L per 100km” »

News: Inactive roadwork sites frustrate drivers

roadworkA Queensland University of Technology study has found that drivers frustrated at slowing down at inactive roadwork sites are ignoring reduced speed limits.

The results of the QUT centre for accident research and road safety – Queensland CARRS-Q study were presented at the Occupational Safety in Transport Conference.

Dr Ross Blackman, a CARRS-Q road safety researcher, says speed limit credibility was being put at risk when reduced speed limits and related traffic controls remained in place at inactive roadwork sites. Continue reading “Inactive roadwork sites frustrate drivers” »

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