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Hyundai to launch Genesis luxury brand
Chris Harris
October 22, 2011
Korean car maker confirms its assault on luxury market to rival German and Japanese brands.
Hyundai has confirmed it will launch its own global luxury brand, called Genesis, in Australia in just two years’ time, following in the footsteps of Toyota’s Lexus and Nissan’s soon-to-be-revived Infiniti sub-brands.
The Korean car maker is deep in planning for the launch of the Genesis sub-brand — not to be confused with the Hyundai large sedan of the same name — and how it will distinguish itself from its German and Japanese competition.
“A lot of things have to be studied and nothing is concrete at this stage,” Hyundai Australia senior manager of product planning and marketing Roland Rivero told Drive.
“But one that is confirmed is the establishment of the Genesis brand in Australia in a couple of years. That’s 100 per cent.’’
Tentatively priced from the “mid-$40s”, the Genesis brand will initially offer two Korean-built, rear-wheel-drive model lines. One will comprise a mid-size sedan and coupe to rival the likes of the Mercedes-Benz C-Class, BMW 3-Series and Audi A4.
Rivero says the car will be an all-new model and not the current Hyundai-badged Genesis, which was not developed for right-hand-drive configuration.
“The benchmarks for that car have been the Infiniti G37 and [BMW] 3-Series Coupe, so we’re not mucking around with that car. It’s an icon. Hyundai have got their act together for the next-generation [model], so thankfully, that’s coming.”
The Genesis brand’s second model line, a large V6- and 5.0-litre V8-powered sedan, will be positioned to compete with the E-Class, 5-Series and A6 from the aforementioned brands respectively. Hyundai’s Equus limousine is unlikely for Australia, although the company’s in-house 10-speed automatic transmission is likely to find its way into Australia-bound Genesis vehicles.
“The number of Genesis models is still under investigation, we haven’t finalised. I’d like a 3-Series/C-Class competitor and a 5-Series/E-Class competitor. That’s the initial step,’’ Rivero says.
“We can have something that does that initially for us, then we can grow and build from there depending on, obviously, the acceptance of the Australian market.’’
http://www.theage.com.au/executive-...unch-genesis-luxury-brand-20111025-1mh99.html