YEH
Registered Member
There has been talk about a luxury CUV from Hyundai for some time, but this indicates the likelihood of Genesis-RWD based CUV instead of FWD.
Also, interesting comments from a BMW SVP.
http://www.motoring.com.au/news/2015/bmw/bmw-beware-hyundai-kia-51107
"The American boss has been quoted as saying that they're looking at an SUV... it might be just a planning thing, it might be studies into the possibilities of it..."
"It's an interesting subject: how do you take the Genesis brand – and move it and expand it? You can see that premium SUVs are doing very well."
When queried as to whether such a vehicle would be around the same footprint as Jeep's Grand Cherokee – another large SUV with longitudinal engine mounting in a monocoque shell – Thomas suggested the Genesis SUV would be "maybe a little bigger", if it reaches production. That would make it a seven-seater, without doubt. With a market as large as North America all in favour, the prospects of the Genesis SUV entering production are looking good – possibly styled along the same lines as the Intrado concept car (pictured).
"I'd imagine that the Americans would be very keen on it, given their market and the size of [the SUV]."
Thomas also indicated that by virtue of the USA being such an important market to Hyundai, it would only take the CEO there to thump his fist on the boardroom table and demand a larger SUV – and it would happen.
"Ultimately he has to answer to the Koreans, but he [Zuchowski] has got the size of market where he could talk it up – and if he wants a luxury SUV with a Genesis badge on it, it's likely he'll get one."
Thomas speculated that a Genesis SUV, sitting above the sedan would be priced somewhere above US $40,000, which would almost certainly place it in Luxury Car Tax territory in Australia – and well above the tax threshold. In fact, it could be expected to undercut rivals like the Audi Q7, BMW X5 and Mercedes GLE, but not necessarily by much.
Also, interesting comments from a BMW SVP.
Emerging Korean giant a bigger threat than resurgent Jaguar, Alfa or Volvo, says BMW
The Korean Hyundai-Kia group has been identified by BMW as a likely long-term competitor ahead of the potential threat posed by re-emerging luxury brands such as Jaguar, Volvo and Alfa Romeo.
Speaking in Melbourne last week, BMW Group's senior vice-president for Asia, Pacific and South Africa, Hendrik von Kuenheim, told motoring.com.au that ambitious plans announced by the likes of Jaguar and Alfa to take on BMW and its fellow German heavyweights Mercedes-Benz and Audi had to be assessed on the basis of ongoing performance.
“At the end of the day they also only cook with water and regardless how good their PR work is once in a while, when it comes down to quarterly sales results and profits results maybe the talk they had in the previous three months and the reality don’t match.
“I think if you want to go back and look at top-notch performance in the luxury car segment then BMW is the company to look for in the last 10 years.”
Von Kuenheim, whose role includes overseeing the Korean market, said attention should be paid to the rapidly emerging Hyundai-Kia group, especially by Japanese brands.
“I think the Hyundai-Kia motor group is incredibly aggressive, incredibly advancing,” he said.
“You see here a change of guards where some of the Korean product is replacing some of the Japanese product and eventually putting a challenge to BMW, clearly.”
http://www.motoring.com.au/news/2015/bmw/bmw-beware-hyundai-kia-51107
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