Mark LaNeve, Ford Motor Company vice president of Marketing, Sales and Service, told attendees of a media breakfast at the 2016 Chicago Auto Show that his company will be introducing four completely new SUVs to its global portfolio.
The new SUVs will compete in market segments where the automaker currently has no product.
Hyundai officially announced late Tuesday night the launch of the Genesis luxury sub-brand and outlined what’s to come from the new marque.
The announcement comes after the possible launch was reported by Reuters on Tuesday.
According to Hyundai, the new brand will eventually sell six distinct models, starting with the Hyundai Genesis sedan and Equus which will be renamed Genesis G80 and G90, respectively, going into the 2017 model year. Those models will debut in Korea in December and in North America next spring, reported Automotive News.