Genesis Announces Sales of 60,000 G70 Sedans
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Genesis Announces Sales of 60,000 G70 Sedans
- After the 2015 launch of the G90 sedan (F segment) and in 2016 of the G80 sedan (E segment), Genesis unveiled its third model, the G70 sedan (D segment), to complete the manufacturer's recently created range.
- The G70, produced in South Korea like the G80 and G90, is targeting D-segment premium sedans, such as the Lexus IS or Infiniti Q50, as well as the Audi A4, BMW 3 Series, Mercedes C-Class, Jaguar XE or Volvo S60 / V60.
- The Hyundai-Kia group, which owns the luxury brand Genesis, has announced that it plans to sell 60,000 G70 sedans annually, ie 15,000 in South Korea and 45,000 abroad, mainly in the United States.
- The Genesis G70 sedan, compared to the Hyundai and Kia segment D sedans, has its own specific body, a length of 4.69m (compared to 4.99m for the G80 and 5.21m for the G90).
- The G70 has three engines: a 2.0 turbo gasoline 252hp, a V6 3.3 turbo gasoline 370 hp and a 2.2 diesel 202hp. With these three engines, customers have the choice between rear or all-wheel drive.
- Next Genesis models will be the G70 coupe (2018), the new generation of the E-segment G80 (2019), the GV80 E segment SUV (2019), the restyled F segment G90 (2020) and the D segment GV70 (2020). Genesis C-segment sedans and SUVs will not be introduced before the next decade.
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GM Korea production should stabilise at 500 000 vehicles/year over the next years
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GM Korea production should stabilise at 500 000 vehicles/year over the next years
- Following the sale of some of its subsidiaries (Opel and Vauxhall), the abandon of several markets (Europe, Russia, India, South Africa) and the continuing decline in the production volume of its Korean subsidiary (notably following the abandon of the European market), the GM group wanted to reassure GM Korea employees.
- The US manufacturer (now the world's fourth-largest carmaker) said it did not intend to stop its activities in South Korea, contrary to what was inferred by information circulated in the Korean media.
- In 2016, the GM Korea subsidiary produced 569,000 vehicles at its three sites in Pupyong, Changwon and Kunsan, compared with 598,000 units in 2015, 673,000 units in 2014, 768,000 units in 2013, 795,000 units in 2012 and 814,000 units units in 2011.
- This steady decline (-30% in five years) reflects a real disillusionment with the GM Korea models, which is mainly due to the abandon of the European Chevrolet brand (almost 200,000 sales a year), of which most of the models were manufactured in Korea.
- The stop of production of the Opel Antara (replaced by the Opel Grandland manufactured in France) and the gradual transfer of Opel Mokka's production to Europe should again impact GM Korea's manufacturing volume over the next few years. The volume of GM Korea is expected to fall to 500,000 vehicles per year over the next few years.
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Inovev expects 70 000 annual sales for the new Ford Ecosport
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Inovev expects 70 000 annual sales for the new Ford Ecosport
- The Ecosport is Ford’s current B segment SUV. It dates from 2014 and the vehicles sold in Europe so far have come from the Ford factory in Chennai. This will change from the end of this year as the Ecosports sold in Europe will come from Ford's Romanian factory in Craiova.
- At this time, , the Ecosport will restyled, adopting a grille inspired by that of the Kuga and receiving a two-tone painting, which is very fashionable on B segment SUVs (Renault Captur, Citroën C3 Aircross, Opel Crossland, Seat Arona ).
- This restyled version of the Ecosport was presented at the Frankfurt 2017 show. This model competes with all the segment B SUVs, such as Renault Captur, Peugeot 2008, Citroën C3 Aircross, Opel Crossland, Opel Mokka, Fiat 500 X, Seat Arona as well as the two Korean SUVs that will be marketed from the end of the year, Hyundai Kona and Kia Stonic.
- Inovev estimates that the Ford Ecosport could be produced at 70,000 units per year at the Craiova site. Over the first 8 months of 2017, this model was sold at 43,000 units in Europe, which is equivalent to a volume of 60,000 units per year. The restyling and transfer to a European site, as well as the continued growth of sales of SUVs on the European continent, should make it possible to achieve a higher volume of sales than today. So, like Meriva at Opel, the Ford B segment MPV (B-Max) that is produced today in Craiova seems seriously threatened.
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Inovev predicts that Volvo will produce 50,000 XC 40s per year
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Inovev predicts that Volvo will produce 50,000 XC 40s per year
- Volvo, the Swedish carmaker subsidiary of the Chinese group Geely, has unveiled its first compact SUV (C segment), the XC40, which extends its SUV range, currently composed of XC60 (D segment) and XC90 (E segment) to the lower range. Its length is 4.42m vs. 4.69m for the XC60 and 4.95m for the XC90.
- The XC40 competes with the Premium C segment SUVs such as the BMW X1 (4.44m), Mercedes GLA (4.42m), Audi Q3 (4.39m), Jaguar E-Pace (4.41m) or Infiniti QX30 (4.43m).
- The XC40 is the first Volvo model to use the new CMA platform jointly developed by Volvo and Geely.
- This new SUV will be equipped with several engines, including the 4-cylinder 2 liter diesel D3 -150hp and D4 -190hp. The gasoline engines will be available from April 2018: a three-cylinder T3 - 150hp and four-cylinder T4 - 190hp and the new small diesel D2 engine, as well as a rechargeable hybrid and a 100% electric version, as of the beginning 2019.
- The XC40 will be manufactured at the Volvo site in Gent (Ghent) in Belgium, while the XC60 and XC90 are manufactured at the Volvo site in Gothenburg, Sweden. Inovev expects an annual volume of 50,000 units at Gent, not counting the vehicles that could be manufactured in China on Geely production sites.
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GM targets 500 000 EV sales in China in 2025
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GM targets 500 000 EV sales in China in 2025
- The GM group is very active in the Chinese market, which represents 40% of its global sales (compared with 30% for the USA) and has become its first market. GM is second in China (16% market share in the first 8 months of 2017), behind the Volkswagen group (17% market share in the first 8 months of 2017).
- GM has five brands in China: Buick (5.0% SOM), Wuling (3.9% SOM), Baojun (3.7% SOM), Chevrolet (2.2% SOM) and Cadillac 0.7% SOM). Of these five brands, two are strong (Cadillac + 88% and Baojun + 32%), two are stable (Buick and Chevrolet) and one is significantly down (Wuling -18.5%).
- GM's strategy in China is now to develop a whole range of electric vehicles to sell locally, thus meeting the Chinese government's demand to promote the massive development of electric vehicles in all manufacturers producing in China.
- In this perspective, GM, in partnership with SAIC, which manufactures GM vehicles in China, will design and launch several electric and hybrid rechargeable vehicles over the period 2020-2025.
- The goal of GM is to sell 150,000 vehicles of this type in 2020 and 500,000 in 2025. The VW Group, meanwhile, aims to sell 400,000 vehicles of this type in 2020 and 1,500,000 in 2025.
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