Wheels Australia — June 2017

3

BMW M4-crushing

power output, with

o

e

Flagship modelto have

The arrival of Genesis in Australia has

been pushed back a few months while

the brand awaits the G70, at which

point the current Hyundai Genesis will

be rebranded Genesis G80.

Rather than rolling out a single model

that was unlikely to have broad appeal,

Genesis made the call to wait for the

more relevant G70 and come out with a

bigger bang.

Under the guidance of former Toyota

Australia executive Peter Evans, Genesis

is also finalising its dealer network, a

crucial part of the luxury pitch.

Evans has experience in establishing

premium brands, having been involved

9 t ons

r

HURRY UP

AND WAIT

@wheelsaustralia 1

torque receiving a

decent mid-range

electric boost

Hybrid powertrain

opens possibility of

all-wheeldrive,with

theelectricmotorson

the front axle, allowing

twin-turbo V6 to take

care of the rears

The G70 family will

be smaller than the

Kia Stinger, focusing

insteadondriving

experience and overall

ambience, with luxury

materials and finishes

G70 sedan is expected t

start at about $60K, with

theV6turboandhybrid

optionstopushwellabov

that, meaning prices

to rival up-spec 3 Series

and C-Class models

with Lexus from its 1990 foundati

and later in charge off markketing i ffo

LexLexusus AusAustratralialia..

Holden back in black, yet still seeing red

Holden announced a $152.8 million
profit for the 2016 calendar year. It
should be noted that the most recent
cash injection is in part thanks to a
$128.1 million payment from GM in
the US, and $51.4 million from the

Federal Government’s Automotive

Transformation Scheme. Holden admits

the cash boost wouldn’t have been

enough to save local production — two

consecutive years of losses totalling

$961 million since 2013 backs that up.