Hyundai has obtained Israeli standards approval for its high-end Genesis sedan and Sonata Hybrid.
Hyundai Motor Company Ltd. (KSX: 5380; LSE: HYUD) has obtained Israeli standards approval for its high-end Genesis sedan and Sonata Hybrid, ahead of the cars' launch later this year.
The Genesis sedan has either a 3.8-liter or 5-liter engine, and the Genesis Coupe has either a 174-horsepower 2-liter turbo engine, or a 3.8-liter engine. Hyundai has not yet set a price for the cars.
The Sonata Hybrid has a gasoline and lithium-battery electric engine. The car has apparently been brought to Israel for testing by the Government Vehicles Administration for its hybrid cars tender, which will be published in a few weeks. Although the car has a 200-horsepower engine, the Ministry of Transport gave it a Green 2 classification, making it fully eligible for the tax break on hybrid cars.
Published by Globes [online], Israel business news - www.globes-online.com - on February 21, 2013
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