

Hyundai to Compete in Luxury Vehicle Market  
The  move by Hyundai to produce luxury vehicles is to boost profit in the  U.S. market and this would counter the declining demand for their  vehicles in the South Korean auto market. Aside from the luxury sedan,  Hyundai is also planning add premium models in the near future. If one  looks at the reason for the success of luxury brands like Lexus, it  would benefit Hyundai if their first luxury vehicle is reliable.

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