Y Hyundai has it wired

The Veloster, which takes its name from the terms velocity and roadster, was unveiled this week at the Seoul Motor Show. Hyundai's vice-president of design, Oh Suk-Geun, says they wanted to try something different with the new prototype.

"We're keenly aware that we need radically new models for the Y-generation, the first-time, twentysomething buyer, and this is really a bold new direction," he says.

The Veloster features a 2.0-litre, four-cylinder engine, mated to a five-speed automatic transmission. It has a panoramic glass roof and 20-inch alloy wheels.

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Hyundai also unveiled the FD Elantra Wagon, which could indicate a return to the small wagon segment.

But Hyundai says no decision has been made as to whether the wagon will come to Australia.