The brand will unveil a dedicated European model later this year. More than five years after its original launch, Genesis will finally begin selling cars in Europe starting in the summer of this year. Hyundai's premium brand has just announced its European launch during an official press conference held in Frankfurt. Genesis promises a transparent pricing policy in combination with high-quality products and a five-year care plan with no hidden extras. The first models to arrive on the Old continent are the G80 sedan and the GV80 SUV, both of which will be available initially only in Germany, the UK, and Switzerland. The brand aims to sell directly to the public both online and through the so-called Genesis Studios, the first of which will open in London, Munich, and Zurich. Gallery: Genesis European launch 17 Photos “We are excited to bring such a … [Read more...] about Genesis Announces European Launch For Summer Of 2021
Chaffetz lindsey summer associate
The chip shortage continues to take its toll on automakers. The Ford Bronco is a highly anticipated model that is doing everything it can to make it to market, but outside forces continue to hinder its arrival. Supplier issues late last year forced Ford to delay production, shifting the delivery window from this spring to this summer. Now, the ongoing semiconductor shortage is disrupting production, though Ford says deliveries are still scheduled to begin this summer, which starts on June 20. Earlier this week, a Detroit Free Press report highlighted the company’s struggles as the automaker announced it would idle production at several factories in the US and Mexico, including Michigan Assembly, where Ford produces the Bronco. Production will shut down from the weeks of May 17 and May 24. The shutdown doesn’t help the company in its goal of meeting the Bronco’s high demand. Out of 190,000 reservations, more than 125,000 have been confirmed as sales . Finding one on … [Read more...] about Ford Bronco Production Shut Down, On Track For Summer Deliveries
Formula 1 is a sport that arguably consumes money like no other on the planet. The sums involved are vast and, to be player, you have to have access to some serious cash. Fortunately – just like with thoroughbred horse racing's standing as the "sport of kings" – the prestige and status of F1 attracts some of the wealthiest people on the planet. So let’s take a look at them... As an entrée, just think about that Claro sticker on the rear wing of the Red Bull Racing car. Claro is the South American part of America Movil, a Forbes Global 2000 telecoms group that employs almost 200,000 staff and is headquartered in Mexico City – its reported revenues are north of $50 billion. Its chairman, Carlos Slim Helu, has a current net worth of $62.8 billion, according to Forbes – at the time of writing, he’s the world's 16 th richest man. He – along with son Carlos Slim Domit – has been the financial force behind driver Sergio Perez, who joined the team in 2021. His career has … [Read more...] about Who Are The Richest People In Formula 1?
Fortunately – just like with thoroughbred horse racing’s standing as the ‘sport of kings’ – the prestige and status of F1 attracts some of the wealthiest people on the planet. So let’s take a look at them... As an entrée, just think about that Claro sticker on the rear wing of the Red Bull Racing car. Claro is the South American part of America Movil, a Forbes Global 2000 telecoms group that employs almost 200,000 staff and is headquartered in Mexico City – its reported revenues are north of $50billion. Its chairman, Carlos Slim Helu, has a current net worth of $62.8billion, according to Forbes – at the time of writing, he’s the world’s 16th richest man. Red Bull Racing RB16B rear wing endplate Photo by: Mark Sutton / Motorsport Images He – along with son Carlos Slim Domit – has been the financial force behind driver Sergio Perez, who joined the team in 2021. His career has been intrinsically linked to the Slim family via their Telmex telecoms company, which … [Read more...] about Who are the richest people in Formula 1?
The delayed Tonale will reportedly be launched in 2022. Alfa Romeo’s new CEO Jean-Philippe Imparato is confident the Italian brand could do much better in the United States, one of its key global markets. Despite the 25-percent increase in sales in the first quarter of the year, there are many things that need to be addressed before Alfa is ready to better compete against its competitors. Obviously, first and foremost, it needs more models. While Imparato is impressed with Alfa’s current two-model lineup and describes it as “fantastic” in a recent interview with Automotive News , he admits the automaker needs more fresh models. Thankfully, a new small crossover is coming, though it will be delayed until the summer of 2022 as Imparato wants to see a more capable plug-in hybrid powertrain under the hood. The so-called Tonale will reportedly be launched in July next year and should arrive in the United States at some point in 2022. Gallery: Alfa Romeo tonale 2020, fist … [Read more...] about Alfa Romeo Tonale Coming To US, But Smaller Brennero Might Not