Hyundai Turns Genesis Into Standalone Luxury Division
Hyundai plans to launch six new models by 2020 under its Genesis nameplate, which will operate as a standalone global luxury brand.

Photo of Euisun Chung, vice chairman, announcing the Genesis luxury brand courtesy of Hyundai.
LOS ANGELES — Hyundai plans to launch six new models by 2020 under its Genesis nameplate, which will become a standalone global luxury brand that will compete with other luxury automakers, Hyundai has announced.
Genesis will operate alongside Hyundai and offer "a personalized, hassle-free customer experience," according to a release.
Hyundai has set up a distinct design identity, emblem, and naming structure to differentiate the Genesis brand from Hyundai. Genesis models will be badged with a new wing-type emblem, redesigned from the version used on the current Genesis model.
Genesis will also adopt a new alphanumeric naming structure. Future models will be named by combining the letter 'G' for Genesis with a number, such as 90, 80, or 70 to represent the segment.
To develop a different design for the new Genesis brand vehicles, Hyundai Motors has created a Prestige Design Division. The new division will be overseen by Peter Schreyer, Hyundai's president and chief design officer, as part of his groupwide design responsibilities.
The Genesis brand will initially go on sale in the Korean, Chinese, North American and Middle Eastern markets, and will expand its reach to Europe and other parts of Asia as the model range grows to full strength.
More Auto Finance

Interest Rates Further Squeeze Auto Consumers
Last month’s hike and a potential second increase this month add to a growing list of inflation woes that could continue to dent overall car sales.
Read More →
Mind Your Process
Consistent steps taken in various aspects of the F&I office can make valuable differences over time, similar to an outline for a best-selling book.
Read More →
Top Five Credit Application Fraud Flags
Compliance audits regularly reveal bad habits that can lead to fraud charges and should have been stamped out decades ago.
Read More →
More Auto Loans for the Taking in August
Riskier categories were on the uptick for the month as lenders loosened access in several areas while balancing out the exposure in another, Cox Automotive reported.
Read More →
July Was Hot for Auto Borrowers
Credit proved readily available for many, but most loans left buyers in negative territory, Cox Automotive said.
Read More →
Dealer Lender Preferences Revealed
When lenders provide consistent, fast service, their overall satisfaction scores with dealers greatly improve, according to JD Power research.
Read More →
Auto Refi Savings Surge
Consumers with 84-month auto loan terms who refinanced saved the most on monthly payments, according to a new report by auto refinancing provider Caribou.
Read More →
Subaru Enters Lending Business
The automaker follows other brands in adding captive financing in the U.S., and says the move will strengthen its position here.
Read More →
Positive Equity Reaches Record High
Mainstream vehicle owners who bought a car seven years ago are likely to have positive equity when trading in for a new vehicle, according to second-quarter Edmunds data.
Read More →
Dealerships Are Paying the Price for Extended Car Loans
Growing negative-equity scenarios mean such lengthy terms should be addressed in a forward-looking way to make them work for the dealer and the consumer down the road.
Read More →