Hyundai's half-price Mercedes

The Korean car maker is targeting Mercedes-Benz E-class customers with a luxury sedan costing as little as $30,000.

Value proposition
Hyundai Gensis
Value proposition
The Genesis will be marketed as a car that offers everything you can get in a Lexus or Mercedes-Benz at about half the cost. Prices will start at under $30,000, Hyundai said.

Hyundai boasts that the new Genesis will have more interior space than either the Mercedes-Benz E-class sedan or the BMW 7-series. Prices for the E-class start at about $50,000 while the 7-series prices start at about $76,000.

At that price, it could also compete against cars like the Chrysler 300 and Buick Lucerne or smaller luxury cars like the BMW 3-series and Audi A4

Last updated January 08 2008: 12:32 PM ET

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Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer. Morningstar: © 2018 Morningstar, Inc. All Rights Reserved. Factset: FactSet Research Systems Inc. 2018. All rights reserved. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2018 and/or its affiliates.