Hyundai Enters New Market Segment With XG300
10 March 2000
Hyundai Enters New Market Segment With XG300- New, Larger Sedan Goes on Sale in September - FOUNTAIN VALLEY, Calif., March 9 Hyundai Motor America announced today that it will begin selling a new, larger passenger car this September. The four-door sedan, larger than Hyundai's current Sonata model, will be called the XG300 and will come with a full complement of luxury features as standard equipment. Final pricing will be announced when the car debuts but is expected to be in the low to mid-$20,000 range. The Hyundai XG300, a 4-door, 5-passenger sedan, will compete in the upper middle sedan segment. The front wheel drive sedan will come standard with a 3.0-liter DOHC V-6 engine and 5-speed automatic transmission. "We're very excited to be expanding our model lineup with this outstanding vehicle," said Hyundai Motor America President and Chief Executive Officer Finbarr O'Neill. "It provides a strong entry into the highly competitive upper middle sedan segment and will be a great opportunity for non-traditional Hyundai buyers to experience for themselves the outstanding value and fine driving experience our latest products deliver to the market." Among the car's standard features are four-wheel disc brakes with ABS, air conditioning, cruise control, keyless entry, projector beam headlights, alloy wheels with Michelin "V" rated tires, trip computer, driver and passenger front and side air bags, seat belt pretensioners and load limiters. The standard V-6 3.0-liter engine is a double overhead cam design and develops 192 horsepower at 6,000 rpm and 178 foot-pounds of torque at 4,000 rpm. The engine is mounted transversely and has a variable intake system and anti-vibration balance shaft. The vehicle's overall length is 191.5 inches, overall width 71.9 inches and overall height 55.9 inches. The wheelbase is 108.3 inches. The XG300 comes standard with a five-speed automatic transmission that is fully adaptive, adjusting to the driving style of the driver. The driver can either leave the gear selector in Drive or manually shift up or down. Hyundai Motor America, based in Fountain Valley, Calif., is a subsidiary of Hyundai Motor Company of Korea. Hyundai cars are distributed in the United States by Hyundai Motor America and are sold and serviced through nearly 500 dealerships nationwide.