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Old 01-13-2010, 02:36 PM
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Hyundai set to unleash 7 models

Hyundai set to unleash 7 models over 2 years

Posted on Wednesday, January 13th, 2010 at 12:45 PM EST.(Employee News)

The 2010 Santa Fe crossover Hyundai unveiled Tuesday is the latest of seven new models slated to come to market over the next 24 months designed to sustain the South Korean automaker’s recession-defying growth in the United States, the Detroit Free Press reported.

Hyundai raised its U.S. sales by 8 percent last year amidst the weakest new vehicle market in about three decades, the paper said. It expanded its market share to 4.2 percent from 3.0 percent in 2008, partially through its Hyundai Assurance program that allowed buyers to return their vehicles with no penalty if they lost their jobs, the Free Press noted.

That program will continue in 2010, said Dave Zuchowski, Hyundai Motor America vice president of sales, the paper said. Last month in Los Angeles, Hyundai unveiled a new Tucson crossover and Sonata midsize sedan, the paper said. The Tucson went on sale in December; the Sonata should reach dealerships in February, the story said. (Detroit Free Press)
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