This is the first vehicle built with the so-called MQB, which stands for Modularer Querbaukasten, or "modular transverse toolbox, " for small to midsize, front-drive, transverse-engine cars.
The Veloster is seriously snouty, a consequence of it being a front-drive car with a transverse-mounted engine (the Veloster is very much a mechanical clone of the new Elantra, complete with torsion-beam rear suspension).