The 2011 Sonata concept was introduced a few years ago, and for a lot of consumers, its release is long overdue. The 2010 Hyundai Accent boasts of the Sonata’s same fluid sculpture only in a significantly smaller package.

Set to be released to the Chinese market on the latter half of 2010, and globally on 2011, the Accent is 1,460 mm high, 1,700 mm wide and 4,340 long.

According to Hyundai, the cabin dimensions of the small sedan are bigger than its rivals in the market, today. The 454 ft trunk is said to easily accommodate four gold bags and three tote bags—obviously designed for the city dweller who likes to take his vacation once in a while.

Hyundai’s Accent Verna will be available to the Chinese market in a selection of two petrol engines. The 1.4 L inline-four can produce 106HP and 135.4Nm of torque/5,000 rpm. Consumers can also choose from a five-speed manual transmission, or a four-speed automatic. The larger 1.6 L engine can deliver 121HP and 155Nm of torque with slightly worse fuel efficiency. This engine will, however, be offered exclusively in a four-speed transmission model.

Hyundai will begin the production of the Verna for China this July. Replacements for the current Hyundai Accent will also be released to North America by the first half of 2011.

The program will run for the whole of 2009 to convince buyers that their credit score will not be ruined in case they cannot pay for the new car because they were retrenched from work.

So the twist will cover the Hyundai buyer in the event he or she loses her job within a year after purchase. The buyer will be able to return the car to Hyundai to avoid any damage to the credit score. The buyers must then have a proof that they have been laid off. The status of the payment must be current.

Given that all conditions are satisfied, the car buyer can leave the car with the dealer and insurance company Walkaway will pay the bills. This will cost zero to the buyer.

Executives of Hyundai disclosed that a big chunk of their marketing fund is allotted to the program. The car manufacturer is paying for the first year of insurance for the car buyers.

The program was started in January 2 and so far positive feedbacks have been coming in from the different dealers. A lot of people are interested to explore their options because of the job loss insurance policy promo.

Hyundai has the exclusive rights with Walkaway to run such a program. They are expecting though that competitors may follow suit. So far, Korean affiliate Kia is not offering the program.