Hyundai unveils rear-wheel drive Concept Genesis Coupe

 

Hyundai unveiled its highly anticipated Concept Genesis Coupe during a press conference at the Los Angeles International Auto Show today. The concept car heralds the introduction of an all-new, rear-wheel drive 2 + 2 sports coupe scheduled to join the Hyundai lineup in the spring of 2009.
Following the introduction earlier this year of the Concept Genesis sedan, Concept Genesis Coupe signals Hyundai’s second step in broadening its appeal to driving enthusiasts.

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Malaysia’s Proton to sign memorandum of intent with Volkswagen soon

 

KUALA LUMPUR, Nov. 15, 2007 (Thomson Financial delivered by Newstex) — A deal has been struck to forge a partnership between Malaysian national carmaker Proton Holdings Bhd (OOTC:POHDF) and Germany’s Volkswagen AG, the Edge Financial Daily reported on Friday.

The negotiations between the Malaysian government and Volkswagen has been concluded and a memorandum of intent (MOI) will be signed soon, the newspaper said, citing unnamed sources.

The MOI is expected to set the stage for further due diligence and collaboration between the two parties, the sources said.

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Beat It! GM may drive in new Chevy Matiz M300

NEW DELHI: After Spark, General Motors’ next small car in India may be the Chevy Beat. The company, which showcased three mini concepts in the New York Auto Show in April (the Trax, Groove and Beat), has indicated that it will commercially produce the Beat.

Sources say the small car, developed by GMDAT (GM Daewoo Auto & Technology) in Korea like the Spark, will target markets like India, China and Korea. The Beat goes into production in Korea in 2009.

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