Hyundai is preparing to enter the European commercial van market with a Turkish-built vehicle, a source said, adding to signs that Renault and PSA/Peugeot-Citroen could lose their grip on a lucrative part of the auto industry.
Hyundai will debut a large van at September’s Hanover truck show and begin production with Turkish partner Karsan next year, a person familiar with the plan told Reuters. Hyundai declined to comment.
Renault has unveiled a limited edition version of the Megane Renaultsport, with more power and a new titanium exhaust system as standard.
Renault is using Formula One to promote its brand in China ahead of the French automaker opening its first car factory in the world’s biggest auto market.
Renault will invest €240 million ($331 million) to build additional vehicle models and a new logistics centre in Brazil.
Renault has confirmed it will add a new twin-turbocharged 1.6-litre diesel to the Megane range from 2015.
