2017 Hyundai Santa-fe sport
Seoul (Reuters) – Hyundai Motor unveiled on Tuesday a redesigned Santa Fe, hoping the first makeover of the sport utility vehicle (SUV) in six years will help rectify a sales slowdown at the South Korean automaker, especially in the key U.S. market.
The revamped version of its top-selling SUV in the United States and South Korea features a longer, more voluminous body than its predecessor while boasting advanced safety features such as warnings on approaching objects from the rear when a car stops.
The two-row, five-seater SUV was unveiled to South Korean media at a “preview” event, before its official launch in February in the home market.
While Hyundai did not disclose other details, a source said the model comes with a 2.0-liter and a 2.2-liter diesel engine, a more fuel-efficient eight-speed transmission and semi-autonomous driving features used in its Genesis premium sedans.
“The new Santa Fe will be a bread and butter model for us this year,” the Hyundai insider told Reuters on condition of anonymity since he is not authorized to speak to the media.
“We have high hopes for the model,” he said. Hyundai Motor declined to comment.
Hyundai Motor reported last week its worst annual earnings in seven years, battered by its delayed response to the burgeoning SUV market and a diplomatic row with China.
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A firmer local currency also adds to the woes of the automaker, as it is eating into its profits repatriated from overseas and hurts the price competitiveness of its exports in the United States and other markets.
