Hyundai going back to its small, fuel-efficient and cheap cars ways

omarrana submitted on 09/02/2008 Official AutoSpies Timestamp: 9:01 AM
from: www.egmcartech.com

Tags: Hyundai

Hyundai

Hyundai going back to its small, fuel-efficient and cheap cars ways

After giving us an upmarket luxury sedan, Hyundai is going to go back to what it does best - producing fuel-efficient, small and less expensive cars. The Korean automaker has six new or redesigned vehicles planned for the 2009 and 2011 model years.

Along with a 4-cylinder 2010 Hyundai Genesis Coupe, which will start in the low $20,000s, Hyundai will introduce the next-generation Elantra in early 2009.

“We’re looking at small, fuel-efficient cars,” John Krafcik, product development chief for Hyundai Motor America told reporters. “We will be blessed when the new CAFE standards come in.”

Hyundai is considering the i10, a five-door hatchback currently sold in India, for the U.S. The Korean automaker is planning on selling the car under both Hyundai and... Read Article

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david999 - 9/2/2008 11:26:16 AM

+3 Boost

"producing fuel-efficient, small and less expensive cars"
This is where Hyundai competes best.

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0to60 - 9/2/2008 12:31:01 PM

+1 Boost

Good idea!

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MBKing - 9/2/2008 1:55:56 PM

-3 Boost

HAHA, 1 genesis and now they're heading back to the old stuff. That's like doing well on one midterm after years in school and then selling all your books and going back to sleeping all day. Stupid Hyundai

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Tuscani27 - 9/2/2008 5:48:27 PM

+1 Boost

Yea, and no one else is even touching this approach huh? There are plenty of companies that are now moving into making smaller more fuel efficient cars.

Agent63 - 9/2/2008 6:44:57 PMView My AgentSpace

+1 Boost

It's smart on Hyundai's part. Just because they built the Genesis to prove that they are capable of making a well priced luxury car they still have to cater to their existing customer base. They can dip their hands in the luxury market one car at a time while focus mainly on their primary goal, econo-cars. Toyota first and foremost is an econo-brand but then Lexus came along as a Japanese-American brand for US/Canada and their doing great in North America. Hyundai needs to take a step back and think thoroughly what their going to do next. Props to Hyundai.

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huu76 - 9/2/2008 10:56:45 PM

0 Boost

Watch out Lexus, the Accent is gunning for you.

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