SYNDICATED NEWS
PHOTO CAPTION: Hyundai Sonata Hybrid

Hyundai Sets Goal of 11,000 Sonata Hybrids

Company wants to sell units in Korea, taking advantage of Toyota's production difficulties in Japan.

Published: 25-May-2011

Hyundai Motor said on Tuesday that it aimed to sell 11,000 units of its first gasoline-electric hybrid model, the Sonata Hybrid, in South Korea this year, as rising gasoline prices stoke demand for fuel-sipping cars.

The move comes as Japanese rival Toyota Motor suffers from tight supplies of popular models such as the Prius hybrid after Japan's March 11 earthquake disrupted production.

"The timing is appropriate for the launch of the Sonata Hybrid as Toyota is suffering from supply shortages of the Prius and other small, fuel-efficient models," Ko Tae-bong, an analyst at IBK Securities, said.

<< PREVIOUSNEXT >>
RELATED NEWS ITEMS

Hyundai ix35 Hybrid C-segment SUV

SUV mates U2 1.7-litre Blue Drive diesel with mild hybrid system.

2011 Hyundai Sonata Hybrid

Sonata Hybrid delivers a 37 mpg combined city/highway rating from the EPA

Hyundai Sonata Hybrid achieved nearly 60 mpg in cross-country trip.

Wayne Gerdes achieves average of 59.58 mpg over 2,269.3 miles.

READER COMMENTS

blog comments powered by Disqus