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The AutoGuide News Blog is your source for breaking stories from the auto industry. Delivering news immediately, the AutoGuide Blog is constantly updated with the latest information, photos and video from manufacturers, auto shows, the aftermarket and professional racing.
While not yet on sale in North America, Velosters, and even modified Velosters, are becoming a more common sight on the roads of Korea.We stumbled across a stunning collection of the cars on Veloster.org, all slammed and kitted-out. The outfit responsible for the modifications is Sequence X, which has already developed numerous styling packages for the car, as well as rear spoiler and even a new exhaust system. Sure three pipes might be a big ricey, but if Ferrari can do it… why not? Each of the cars also looks to have an aftermarket lowering kit, plus some rather pricey wheels.
A strong aftermarket parts supply is often a bellwether for a strong enthusiast following, which itself is a sign of how successful a car will be. Judging from the enthusiasm already surrounding the Veloster, Hyundai looks to have a winner on its hands.
GALLERY: Sequence X Hyundai Velosters
Discuss this story at Veloster.org
India’s Mahindra will buy troubled Korean carmaker Ssangyong for $463 million, with Mahindra gaining a 70% stake in the company. The deal is expected to conclude in March, 2011.
“Together with its financial capability, Mahindra offers competence in sourcing and marketing strategy while Ssangyong has strong capabilities in technology,” Mahindra President Pawan Goenka said in the statement. “We are committed to leveraging the combined synergies by investing in a new Ssangyong product portfolio to gain momentum in global markets.”
Ssangyong, a maker of SUVs, trucks and minivans, faced a sales crunch when those segments fell out of favor with consumers during the economic crisis. Ssangyong’s most recent products, namely the Rodius, have been pilloried in the press for their bizarre designs, which some have labeled as the world’s ugliest cars.
[Source: Wall Street Journal]