Hyundai seen to halt Veracruz SUV production late this month - GlobalPost
5 (Yonhap) -- South Korea's top carmaker Hyundai Motor Co. will discontinue production of its Veracruz sport utility vehicle (SUV) late this month, industry sources said Wednesday, as the auto firm reshuffles its lineups to lift itself from a... Production of the midsize crossover, first launched in 2006, will be halted at the end of August, with Hyundai looking to focus on other models in the segment as the new and tighter Euro 6 emissions standards take effect next month, according to... Hyundai has sold a monthly average some 200 of the model in recent months, which accounts for about 0. 6 percent of its sales when compared to the carmaker's July sales tally. Industry watchers said the latest decisions by the car duo, the flagships of Hyundai Motor Group, are part of efforts to reshuffle their vehicle lineups to push up lagging sales for this year. In the first seven months of the year, the two carmaker's cumulative sales came to a combined 4. 54 million units, down 3. 2 percent from a year earlier. The sources added older editions of Hyundai's Avante compact and Equus premium sedan, as well as Kia's Sportage SUV will also be taken off the market after their revamped versions are launched later this year. Source: www.globalpost.com
