Hyundai looks to luxury
Luxury leader: The HCD-7 concept car won't be built, but Hyundai will enter the luxury market.
HYUNDAI is considering the establishment of a separate Lexus-like luxury division as part of its plan to increase worldwide sales and prestige. The possible establishment of an upmarket nameplate ties in with an all-out assault the South Korean manufacturer is preparing on the medium and large passenger car segments in North America over the next few years. Its goal with its subsidiary Kia is to achieve five million sales worldwide by 2008 and be a global top five player by 2010. Those figures include building US sales to one million by 2010, from around 388,000 this year. ...continued