The concept car heralds the future architecture and design of a rear-wheel drive premium sports sedan scheduled to grace the Hyundai lineup in 2008.

Recently Hyundai released 2 sketches of th Conept Genesis which is set to be unveiled at the New York International Auto Show next week. Now we have the first details about the car as well as the first images. The Genesis is built on a rear-wheel-drive architecture, its first application in a U.S. Hyundai model. It is powered by a newly developed Tau DOHC 32-valve V-8 powertrain, and marks the beginning of premium performance for the Hyundai brand. It will go into production as a 2008 model and will be priced under $30,000. Full press release and more photos after the jump.

Gallery: Hyundai Concept Genesis: Details Released