Beijing Hyundai Motor Co. Ltd. has scrapped plans to introduce a low-cost car in China and will instead develop a new sedan somewhat larger than the current Accent. “The RB mini-sedan was being developed to compete with low-cost entries produced by Chinese indigenous auto makers, but we have decided not to focus on that segment,” a Hyundai Motor Co. Ltd. spokesman tells Ward’s. “We have reframed the project and now are developing the RC model, which is somewhere between the Accent and ...
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