Report: Hyundai To Spin Off Genesis-branded Luxury Line

#hashtags: #Reuters #Hyundai #Genesis #BMW #Mercedes #Audi

Reuters reported Tuesday that Hyundai will spin off Genesis as a global premium brand to compete with German automakers such as BMW, Mercedes and Audi. The news agency quoted sources “close” to the company and said an announcement could come as early as Tuesday. Hyundai didn’t comment on the report. According to Reuters, Hyundai would launch […]