Hyundai Releases First Real Life Photo of the New i40 Mid-Size Model

Hyundai today gave us a new sneak peek of its upcoming i40 mid-size model with the release of the first real life image of the car, which is scheduled to receive its world premiere at the Geneva Salon on the 1st of March. The new i40 will replace the older generation Sonata in Europe competing in the D-Segment with the likes of the Ford Mondeo and Volkswagen Passat. At Geneva, we'll see the estate version of the model (probably named i40 CW) with the four-door sedan variant to follow before the end of the year.

Up until now, South Korea's largest automaker had only released a set of illustrations of the i40 CW (CrossWagon). The new photo shows off the interior of the i40, and in particular the dashboard with its sculpted shapes.

There's a big screen display mounted high up on the middle of the dash flanked by a pair of small air vents, underneath which nestle a bank of push buttons for ventilation and minor controls.

The company claims that new i40 "will move the company towards a �modern premium� positioning that will bring high-end features and vehicle quality to Hyundai customers at accessible prices."

Hyundai has not released any details on the engine line-up, but it is believed that at launch, the i40 will be offered with a 2.0-liter four-cylinder petrol with direct injection and an output of around 170-horsepower, plus two variants of the a 1.7-liter turbo-diesel with 115 HP and 136 HP.

Hyundai Sells 3.6 Million Vehicles in 2010, up 16.3% from 2009, Net Profits Soar 78%

Hyundai continues its juggernaut-like growth breaking one record after the other. In 2010, the South Korean carmaker not only replaced Toyota as Europe�s best-selling Asian brand and passed the 500,000 sales mark in the US for the first time since entering the market in 1986, but the company also posted record sales and impressive profits.

Not including affiliate Kia Motor's results, Hyundai alone recorded global sales of 3,612,487 units (domestic plants: 1,730,682, overseas plants: 1,881,805) in 2010, which represents a 16.3 percent increase from a year earlier.

Sales revenue rose 15.4 percent to 36.8 trillion won (US$ 33 billion) from a year earlier thanks to the introduction of new cars and an improved product mix, while operating profit also soared 44.4% to 3.2 trillion won (US$2.8 billion). Net profit increased 77.8 percent to 5.3 trillion won (US$4.8 billion).

South Korea's largest automaker has set even higher goals for 2011, stating that it plans to "reinforce its internal competitiveness" and achieve a global sales target of 3.9 million units.