Inside the Industry

Genesis X Gran Racer VGT Concept stuns with 1,540 horsepower




(June 29, 2024) FOUNTAIN VALLEY, Calif. — The Genesis X Gran Racer Vision Gran Turismo Concept was unveiled for the first time this week at the Busan International Mobility Show 2024 (BIMOS), highlighting the brand’s bold leap into the realm of high-performance luxury mobility. The X Gran Racer VGT concept is a follow-up to the Genesis X Gran Berlinetta concept that we saw earlier this year at the 2024 New York auto show.

Hyundai Inster — A-segment sub-compact EV near $25,000



Delivering unique design, competitive
range — but no plans for U.S. sales


(June 28, 2024) SEOUL — Hyundai has unveiled the all-electric Inster, a new A-segment sub-compact EV offering unique design, segment-leading driving range and versatility, and advanced technology at the 2024 Busan International Mobility Show. Inster’s bold design combines a futuristic, innovative image with a spacious interior in a small SUV body. With a sophisticated technology package that helps deliver safe, refined driving, Inster offers fast charging and the best all-electric range (AER) in its segment.

Polestar delivers first customer Polestar 3 electric SUVs



(June 28, 2024) GOTHENBURG, Sweden — Polestar has made its first customer deliveries of Polestar 3. The SUV for the electric age plays an important role in the Company’s development, as Polestar now has three models on the roads, including two SUVs. The initial vehicles are being handed over to customers across two continents in the coming days, with deliveries set to accelerate throughout the summer.

All-new 2025 BMW M5 — Hybrid V-8 system makes 717 horsepower



Base price $120,675; worldwide 
launch begins in the fourth quarter


(June 27, 2024) TheBMW M5 is powering into a new era. With 40 years of history having passed under its wheels, the legendary high-performance sedan has reached its seventh generation. And the executive model from BMW M now has an electrified drive system for the first time. A model-specific version of the M Hybrid system gives the new BMW M5 a maximum system output of 717 hp and peak system torque of 738 lb-ft. 

Back in black — Lexus ES Black Line Special Edition returns for 2025



(June 27, 2024) PLANO, Texas — The Lexus ES 350 Black Line Special Edition package returns for 2025 after a four-year hiatus, offering another sporty variation of the top-selling sedan in the Lexus lineup. The package is offered exclusively on the ES 350 F SPORT Handling model and includes Obsidian outer mirrors, a distinctive black rear lip spoiler and a black lower rocker panel.

Toyota recalls nearly 150,000 new crossovers for airbag deployment issue



(June 27, 2024) Toyota is recalling 145,254 new crossovers in the U.S. due to an issue with airbag deployment that may violate federal safety standards. The recall covers the 2024 Lexus TX, Lexus TX Hybrid, the Toyota Grand Highlander and the Toyota Grand Highlander Hybrid.

2025 Honda CR-V fuel cell electric vehicle lease pricing announced



Lease includes up to $30,000
in hydrogen fuel credits


(June 27, 2024) TORRANCE, Calif. — Honda has announced lease options for the all-new 2025 Honda CR-V e:FCEV, America's first production plug-in hydrogen fuel cell electric vehicle. The fun-to-drive, zero-emissions compact CUV will be available in California starting July 9, with three competitive leasing options, with the majority of customers expected to choose a 3 year/36,000 mile lease for $459 per month, including $15,000 of hydrogen refueling credits during the lease term.

Updated Volkswagen Jetta and Jetta GLI offer refined style, better value



New front and rear end treatments,
new wheel choices, colors for '25


(June 26, 2024) RESTON, Va. — Volkswagen has announced that the compact Jetta and Jetta GLI will offer refined style and better value for 2025. Since its debut in 1980, the Jetta’s winning combination of style, quality, safety, and value have continued to make it Volkswagen’s best-selling car in North America. 

Tesla issues two recalls of the 2024 Cybertruck



(May 26, 2024) Tesla has issued two recalls of its 2024 Cybertruck because of defects in the front windshield wiper and the trunk body trim. The front windshield motor may stop functioning in 11,688 affected vehicles, increasing the risk of a crash, NHTSA said in a recall report June 25. Valeo Sistemas Electricos is the parts supplier, according to the report. Tesla will replace the windshield wiper motor.

2024 Ford Shelby F-150 boasts 785 supercharged horsepower



(June 26, 2024) LAS VEGAS — Shelby American is continuing to build on its legacy of performance vehicles with the new 2024 Ford Shelby F-150 super truck. Limited to only 800 trucks for the 2024 model year, production of the wicked fast pickup has started and will be available for purchase beginning this summer. Based on Ford’s Lariat trim F-150 4x4 SuperCrew, the lifted Shelby truck starts at $130,000 with an optional supercharged version starting at $139,995 that boasts 785 horsepower.