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Hyundai Eon Launches in India from £3.5k

Hyundai Eon launches in India from around £3.5k No, reasonable though it would be to assume so, the Hyundai Eon is not a new electric car, but it is Hyundai’s answer to the best-selling small car in India – the Suzuki Alto. Launched on the back of a 900 Crore investment by Hyundai in development and production for the Eon (a Crore is 10 million Rupees, so that’s about £125 million) the Eon is a big push by Hyundai to make a big dent in the burgeoning Indian market. The Eon comes with an 814cc 3-pot 55bhp petrol engine – which won’t exactly have Indian buyers flying along at breakneck speeds – and offers properly decent styling, rather than the toy car styling of something like the Tata Nano.

Crunch watch Dec 08: the auto industry in crisis

By Tim Pollard and Simon Stiel Motor Industry 31 December 2008 14:05 Wednesday 31 December 2008• GMAC, GM's finance arm, said it would immediately revise its criteria for providing loans, after the US government bail-out of the General's credit arm. It will now supply credit for anyone with a score of 621 or more on the Fico scale, the scale used to assess Amercian customers' creditworthiness (Financial Times)• The news means that 80% of US consumers would now qualify for a loan from GMAC – which should improve sales in the depressed US market (Detroit News)• Chrysler is being lambasted for taking out full-page adverts in the American national press thanking the nation for supporting its auto industry. But critics point out this is a fresh waste of bail-out resources, as pages in the Wall Street Journal – one of the titles in which the ad ran – reportedly cost up to $264,000.

Hyundai Equus headed for U.S. market, targets Lexus LS sedan

Hyundai plans to bring its Equus luxury sedan to the United States next July. About 100 units of the Equus are being evaluated this summer by U.S. dealers and consumers.