The 2012 Hyundai Veloster has plenty of hot hatch potential, but its frugal, 1.6-liter, direct-injected four-cylinder just isn’t going to cut it for those more concerned with speed than fuel economy. While a turbo model has long been rumored, we’ve now got confirmation – sort of.

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While Hyundai hasn’t said anything official about the turbo Veloster, it has unveiled a new turbocharged 1.6-liter engine at a conference in Korea this week. Hyundai says it spent 52 months and over $60 million developing the new mill, which meets California’s ULEV-2 and Euro 5 standards.
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