Wearing a VG project name, this near-luxury Kia sedan is one of the future vehicles that has been spotted testing quite frequently lately. But in spite of it’s often public appearances, there are not many facts known on the vehicle itself. As a matter of fact, everything what you could have read about the VG so far, except of it’s official Korean release date, is more or less a speculation.

Today we received some news about it and they reveal that the VG will share it’s platform with future Hyundai Azera, which is currently being developed under the HG codename and is about to hit US shores in late 2010. Both models, the Kia VG and Hyundai HG will be FWD cars and will not be based on Genesis’ rear-wheel-drive platform as some reports suggested before.

Both models will also feature a brand new 6-speed automatic transmission, developed in conjunction with parent Hyundai. In addition, one of the latest news coming from Hyundai-Kia Automotive Group reveals the company has been busy with developing a new generation four, six and eight cylinder gasoline engines that will feature an advanced direct injection system.

The 2010 Kia VG and Hyundai Azera replacement model are believed to be the first cars to benefit from a direct injection engine technology, which is expected to bring engine’s horsepower ratings up by 7 percent and lower fuel consumption by 5 percent.

The Kia VG will probably make it’s official South Korean debut at the Busan Motor Show in April next year, while it’s sales is scheduled to commence in September of 2009.