Hyundai has announced the 2011 Equus will be priced from $58,000 (€41,980). Details inside

Hyundai has announced the 2011 Equus will be priced from $58,000 (€41,980) when it arrives at "select" dealerships in December.

While it costs $15,000 (€10,860) more than the Genesis 4.6, the Equus significantly undercuts key rivals like the Lexus LS 460L ($70,925), BMW 750Li ($86,400) and Mercedes S550 ($91,600). Despite this, the car comes nicely equipped with leather upholstery, an Alcantara headliner, a massaging driver seat, heated and cooled front seats, a heated steering wheel, wood trim, a glass sunroof, power reclining / heated rear seats, and power rear sunshades.

For an additional $6,500 (€4,700), the Ultimate package adds individual rear seats, a rear passenger-side seat massage system, cooled rear seats, a rear-seat entertainment system (with an eight-inch monitor), a rear center console refrigerator, and a power trunk lid.

Furthermore, both models come standard with Smart Cruise Control, passive entry, GPS navigation, a 608-watt Lexicon 7.1 Discrete surround-sound system, XM Satellite Radio, iPod/USB/Bluetooth connectivity, and an Apple iPad which doubles as an owner's manual.

Power is provided by a 4.6-liter V8 with 385 hp (287 kW / 390 PS) and 333 lb-ft (451 Nm) of torque. It is connected to a six-speed ZF automatic transmission, which enables the car to accelerate from 0-60 mph in less than 6.4 seconds.

Check out the press release for additional information

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