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The Hyundai Veloster Concept, which premiered at the Los Angeles Auto Show back in 2007, will provide the base for a new "Eco-Sport" car to be released in the 2011 or 2012 model year. Hyundai representatives say that about 70-80% of the concept's styling and architecture will be incorporated into the new model, which promises quick, nimble driving with 40+ mpg.

Hyundai is working on a 10-speed automatic and is bringing a rally-ready Veloster to SEMA.