Filed under: Spy Photos, Wagon, Europe, Hyundai
2011/2012 Hyundai Sonata wagon – Click above for high-res image gallery
We recently published some renderings of what a station wagon variant of the new Hyundai Sonata might look like, and we now have our first actual photos of the real thing undergoing testing. While it (predictably) doesn’t feature the two-door shooting brake layout we might have hoped for, it actually does look quite close to the four-door image. Hyundai designers appear to have opted for more of a sporty slant-back look like the Audi Avant wagons than the more utilitarian box we typically get from Volvo.
When the Sonata launches in Europe, it is expected to adopt the current iXX naming convention used there to become the i40 Kombi. Europeans will apparently get the wagon first, followed by the sedan. At present, it remains unclear if the wagon will ever arrive in the States. From what we can see through the camo, the i40 will get a different grille from the North American model, as well as a different treatment around the base of the A-pillar. At least on this prototype, the Euro-version has chrome trim that wraps around the mirror, while the chrome on the American variant extends straight down to the trailing edge of the headlamp cluster.
[Source: CarPIx]
Spy Shots: Hyundai Sonata wagon captured for the first time originally appeared on Autoblog on Mon, 31 May 2010 11:30:00 EST. Please see our terms for use of feeds.
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Filed under: Government/Legal, GM, Earnings/Financials
The government of the United States may be actively avoiding any direct involvement in the day-to-day management of General Motors, but that doesn’t mean it won’t have a say when the time comes for the automaker to go public again. According to The Detroit News, the U.S. Department of the Treasury has hired investment bank Lazard Frères & Co. to provide it with advice on the initial public offering process.
While both General Motors and the Treasury would obviously both like the latter to unload the majority stake it owns in the automaker as soon as possible, that process needs to be done carefully. Political and public perception considerations point to an early IPO, but that may not be the smartest thing to do from a business perspective. Selling before its clear that GM’s recovery is well underway could lead to getting too low a share price. The bank will reportedly also look at other options for disposing of the 61 percent shareholding.
According to the report, Lazard Frères & Co. will get paid $500,000 a month for the first year and $250,000 per month after that if the sale hasn’t yet been completed. Estimates from various sources are that the treasury will face losses of $25-30 billion on the bailouts of GM, Chrysler and GMAC.
[Source: The Detroit News | Image: Stan Honda/Getty]
Report: U.S. hires lead bank for General Motors IPO originally appeared on Autoblog on Mon, 31 May 2010 11:01:00 EST. Please see our terms for use of feeds.
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