ID :
76857
Tue, 08/25/2009 - 16:51
Auther :
Shortlink :
https://www.oananews.org//node/76857
The shortlink copeid
Hyundai Motor unveils revamped Tucson
SEOUL, Aug. 25 (Yonhap) -- Hyundai Motor Co., South Korea's largest automaker,
launched Tuesday a revamped version of its sport-utility vehicle Tucson, hoping
to continue to defy slumping auto markets worldwide with a range of new models.
Hyundai expects to sell 16,000 units of the redesigned Tucson ix in South Korea
this year. Next year, the company plans to sell 40,000 units at home.
Hyundai plans to export the revamped model from 2010. As part of its overseas
promotion, the company will show off the model at the Frankfurt Motor Show in
Germany next month.
The new model is offered with either a 2-liter diesel or a 2-liter gasoline
engine, which meets Euro V emission standards, along with 6-speed automatic
transmission. It is to retail for between 21.35 million won (US$17,113) and 24
million won in South Korea.
"After a severe downturn from the global economic crisis, automakers worldwide
are preparing to launch new models to cope with rising demand ahead of an
economic recovery," said Shin Young-dong, president of Hyundai Motor in charge of
domestic sales.
"Hyundai Motor is confident that the Tucson ix will appeal to global markets,"
Shin told reporters in a press conference.
The redesigned Tucson is Hyundai's first in a series of new or revamped models to
be introduced over the next 18 months.
Next month, Hyundai plans to introduce a revamped model of its best-selling
Sonata sedan, named the YF Sonata.
"Hyundai Motor is expected to increase sales and gain market share as it plans to
launch five new models over the next 18 months, including the Tucson ix in August
and the YF Sonata in September," said Sohn Myung-woo, an auto analyst at Woori
Investment & Securities Co.
Helped by the growing popularity of small cars amid the global economic downturn
and a weak South Korean currency, Hyundai is performing better than its bigger
rivals overseas.
In the second quarter of this year, Hyundai's net profit jumped 48 percent to 812
billion won.
Buoyed by expectations Hyundai could expand its global market share with new
models, the company's stock surpassed 100,000 won per share last week for the
first time.
(END)
launched Tuesday a revamped version of its sport-utility vehicle Tucson, hoping
to continue to defy slumping auto markets worldwide with a range of new models.
Hyundai expects to sell 16,000 units of the redesigned Tucson ix in South Korea
this year. Next year, the company plans to sell 40,000 units at home.
Hyundai plans to export the revamped model from 2010. As part of its overseas
promotion, the company will show off the model at the Frankfurt Motor Show in
Germany next month.
The new model is offered with either a 2-liter diesel or a 2-liter gasoline
engine, which meets Euro V emission standards, along with 6-speed automatic
transmission. It is to retail for between 21.35 million won (US$17,113) and 24
million won in South Korea.
"After a severe downturn from the global economic crisis, automakers worldwide
are preparing to launch new models to cope with rising demand ahead of an
economic recovery," said Shin Young-dong, president of Hyundai Motor in charge of
domestic sales.
"Hyundai Motor is confident that the Tucson ix will appeal to global markets,"
Shin told reporters in a press conference.
The redesigned Tucson is Hyundai's first in a series of new or revamped models to
be introduced over the next 18 months.
Next month, Hyundai plans to introduce a revamped model of its best-selling
Sonata sedan, named the YF Sonata.
"Hyundai Motor is expected to increase sales and gain market share as it plans to
launch five new models over the next 18 months, including the Tucson ix in August
and the YF Sonata in September," said Sohn Myung-woo, an auto analyst at Woori
Investment & Securities Co.
Helped by the growing popularity of small cars amid the global economic downturn
and a weak South Korean currency, Hyundai is performing better than its bigger
rivals overseas.
In the second quarter of this year, Hyundai's net profit jumped 48 percent to 812
billion won.
Buoyed by expectations Hyundai could expand its global market share with new
models, the company's stock surpassed 100,000 won per share last week for the
first time.
(END)
