Official: 2012 Hyundai Genesis priced from $34,200; new 5.0 R-Spec to start at $46,500

Filed under: Car Buying, Sedan, Hyundai

2012 Hyundai Genesis 5.0 R-Spec

2012 Hyundai Genesis 5.0 R-Spec – Click above for high-res image gallery

The 2012 Hyundai Genesis sedan is hitting dealer lots as you read this, and pricing has officially been set at $34,200, not including $850 for destination and delivery. The facelifted Genesis four-door was unveiled at the 2011 Chicago Auto Show, and though it received a minor facelift and some other small interior changes, the big news for the 2012 model year is what’s under the hood.

That $34,200 price point corresponds to the base Genesis 3.8 sedan, which now uses a direct-injected 3.8-liter V6, rated at 333 horsepower and 291 pound-feet of torque – gains of 43 and 27, respectively, versus the 2011 model. A new eight-speed automatic transmission is also on tap, meaning the Genesis 3.8 will achieve up to 29 miles per gallon on the highway.

Moving up in the range, the Genesis 4.6 – $44,500 – also gets an eight-speed automatic transmission, though its V8 engine remains largely unchanged. Power ratings carry over from 2011 – 385 hp and 333 lb-ft of torque.

The 4.6 used to be the range-topping Genesis, but for 2012, Hyundai has introduced the new 5.0 R-Spec model, which, as its name suggests, is fitted with the automaker’s brand new 5.0-liter direct-injected V8. Paired with an eight-speed automatic transmission, the Tau 5.0 is good for 429 hp and 376 lb-ft of torque, while still returning 16/25 mpg city/highway. The R-Spec model also features unique 19-inch wheels, sportier suspension tuning and more aggressive appearance updates. The top-shelf Genesis retails for $46,500.

Follow the jump for the full details in Hyundai’s press blast.

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2012 Hyundai Genesis priced from $34,200; new 5.0 R-Spec to start at $46,500 originally appeared on Autoblog on Wed, 25 May 2011 13:28:00 EST. Please see our terms for use of feeds.

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Hyundai quarterly profit up 46% to $1.75B

Filed under: Hyundai, Earnings/Financials

hyundai logo sonata

Hyundai has had a big year, and the results are showing in the form of healthy profits. According to BusinessWeek, the Korean automaker earned $1.75 billion in the first quarter, up 46 percent versus the first quarter of 2010. Overall revenue was up 21 percent to $17 billion.

Sales volume was higher as well, as the 922,000 units sold globally represented a nine percent increase. Much of that increase occurred in plants in the U.S. and China, where output climbed by 14 percent. A richer model mix also buoyed Hyundai’s profits, as pricing per model rose by an impressive 14 percent in overseas markets and 2.5 percent in its Korean home market.

Hyundai’s impressive quarterly performance helped rally stocks in Korea, and the automaker saw a 7.5 percent gain on the day. For the year, Hyundai’s share price has risen a meteoric 44 percent.

[Source: BusinessWeek | Image: Zach Bowman/AOL]

Hyundai quarterly profit up 46% to $1.75B originally appeared on Autoblog on Thu, 28 Apr 2011 10:56:00 EST. Please see our terms for use of feeds.

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