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.
Ford must be desperate to get itself ready for the beach this summer because it is really trying to get into shape. Shortly after unveiling the Lightweight Concept that cut the weight of a Fusion down to that of a Fiesta, it's now the rest of the line's turn for improvement. The company is wrapping up a 10-year research project aimed at developing next-gen automotive batteries to improve efficiency.
Senate Commerce Committee Chairman Jay Rockefeller, D-WV, held an all-day summit on Thursday to discuss the dangers of using modern technology while driving, during which an ad that Mazda aired during the Super Bowl was used as an example of the worrisome future towards which we're headed. While seemingly innocuous at first glance, the ad, which can be seen below, shows a brief glimpse of a driver using the Mazda Connect infotainment system in a Mazda3 to check/update his Facebook page while dri
Without a doubt, the most impressive thing that BMW showed at CES this year was a driverless M235i drifting flawlessly around a wet track at Las Vegas Speedway. However, that bit of robotic helmsmanship wasn't the only trick the German company had up its sleeve. Or, more to the point, on its wrist.
Samsung isn't talking, but a number of the South Korean electronics giant's recent patents are speaking volumes. The company has filed a number of patents for technology that could be used in electric vehicles, making many wonder if the company, which already makes batteries for plug-in vehicles, may go whole hog and start building EVs, according to the Wall Street Journal.
Tesla Motors chief Elon Musk is on a crusade to, among other things, rid drivers of the need to consume liquid fuel for their automotive transportation. Sounds easy, right? But it's the lithium-ion battery cell supply situation that's another story altogether. See, Tesla is ramping up production of its all-electric Model S to possibly 40,000 units by next year and will follow that up with the introduction of the Model X SUV and a yet-to-be-named cheaper (by comparison) model. Given these trends,
Tesla Motors has, over its short life, sourced its batteries pretty much exclusively from Panasonic. Now that sales of the Model S are blowing up – expected to be in excess of 21,000 units this year, with production ability increasing to potentially double that – and the company's future product path is becoming more clear, it seems time to diversify its battery supply lines.
South Korea has the highest suicide rate among the 20 countries that make up the Organization for Economic Cooperation and Development, and it's carried that unfortunate statistic on its back for the past eight years. Between 2003 to 2011, 1,090 people committed suicide by jumping off bridges spanning the Han River, with the Mapo Bridge – nicknamed The Bridge of Death – saddled with the highest death toll.
Typically, Bose sound systems are found in higher-end automobiles. The Renault Koleos stands as a new exception to that convention, however. Because while the Korean-made crossover is a distinctly more budget-oriented proposition than its costlier counterparts, the top-of-the-line model with the Bose sound system is one of the most popular.
You may recognize the name Samsung for its electronics. Maybe even some home appliances. But cars? The Korean industrial giant produces a line of automobiles for domestic consumption in collaboration with Renault. Together, they make a range of sedans, hatchbacks and crossovers, and this is the latest.
Chris Bangle, the controversial former head of BMW design, has joined forces with Samsung to oversee the design of notebooks and phones. Bangle, you may recall, left BMW in 2009 after 17 years to focus on his own design projects.
Chinese-based Shanghai Automotive Industrial Corporation (SAIC) is looking to strike a three-way lithium-ion battery deal with Samsung SDI and Robert Bosch GmbH. The trio is reportedly in advanced discussions and there are only a few minor details left to work out. Bosch executive vice president Roland Ehniss told Reuters that, "We are in the final stage." The joint venture is apparently eying a li-ion battery production site somewhere in China and hopes to start production by 2012.