Genesis plans to have its own network of dealers and a extended line-up of vehicles for them to sell as it seeks to take a piece of the cake of the luxury market, as soon as 2022.
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By then, the already separated Genesis brand need to have three crossovers to balance a product menu that has been carried by sedans that are highly rated but have struggled to build sales momentum in a truck-dominated market.
Genesis unveiled the GV80 concept as a fuel cell vehicle at the 2017 New York Auto Show. It’s slated to be the first crossover added to the brand’s SUV lineup.
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Global brand chief Manfred Fitzgerald told Automotive News in March that the three-row crossover could come at the end of 2019 or early 2020. Fuel cell or plug-in hybrid versions could be in store.
A second Genesis planned crossover is expected to ride on the same RWD/AWD platform as the G70 sedan and use a 2.0-liter four-cylinder turbo and an optional 3.3-liter twin-turbo.
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Hybrid or plug-in hybrid versions are possible. A GV70 crossover would quickly follow the larger GV80. If the GV80 arrives on schedule in the late-2019, early-2020 time frame, the GV70 could come a couple of months later.
The third SUV was included in a product scheduled that Hyundai showed to media reporters last year in South Korea and it could join the line-up in 2021.
Source: Autonews