Kia to develop performance-oriented hatchback

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Kia Motors Corporation (KSE: 000270), a South Korea-based automaker, is developing a performance-oriented hatch to compete with the Volkswagen GTI, according to Kia CEO, Hyoung-Keun (Hank) Lee.

The vehicle, which is based on the pro_cee’d, is called HPV internally and is expected to be named the pro_cee’d GT when it goes on sale. It is to arrive at European dealerships in 2013.

The vehicle is to be equipped with a turbocharged 1.6-litre, four-cylinder engine that delivers 200bhp and 195lb-ft. of torque, coupled with a six-speed manual transmission or a dual-clutch automatic unit.

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