Hyundai Motor has unveiled a version of the Hyundai Genesis sedan for the Korean domestic market at its Namyang R&D Center in Hwaseong. It will begin full-scale production in South Korea this month and wil hit the Korean showrooms in early January. It will be launched in China and the US within the first half of 2008.
The Hyundai Genesis will feature two V6 engines (3.3 litre and 3.8 litre) and a 375hp V8 engine and will be priced from under US$30,000 to right under US$40,000. It is built on a new rear wheel drive chassis.
Comparitively, the BMW 5-Series costs between US$44,300 for the 6 cylinder 528i model up to US$58,500 for the V8-powered 550i sedan.