Hyundai Hopes New Models Will Propel Them to One of the Top 5 Automakers by 2010

Hyundai has plans to become one of the top 5 automakers by the end of the decade. The automaker is planning on releasing a whole new line of V8 rear wheel drive vehicles and a new budget minded vehicle for emerging markets.

Earlier this year Hyundai unveiled the Genesis Concept, which is supposed to preview the automaker’s new V8 RWD luxury model. Now according to a Hyundai insider the automaker is planning on releasing a sub-$10k vehicle that will compete with the Renault Logan.

It is also rumored that Hyundai is working on a new premium line to compete with Lexus and Infiniti.

Full Story: Autoblog

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