Hyundai Motor scion ventures into luxury cars with Genesis brand
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Seoul
HYUNDAI Motor Co chairman Chung Mong-koo proved the South Korean carmaker can build reliable, value-for-money cars by beating Toyota Motor Corp and Volkswagen AG in benchmark US quality surveys. His son now wants to show Hyundai can be synonymous with luxury, too.
Hyundai will start sales of its new G80 mid-sized sedan in South Korea next month, the second of a six-model line-up planned for its burgeoning premium marque called Genesis. Vice-chairman Chung Eui-sun, the son of the chairman, has been fronting the brand, introducing it in Seoul in November, then announcing plans to spin it off into a standalone division at the Detroit car show two months later.
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