Weak sales are cited as the reason for the company's decision to halt the development of the next-generation G70.
The Genesis G70 reportedly won't get another generation, according to Korea JoongAng Daily. The source cited weak sales as the reason for the decision. The sedan just received a refresh for the 2022 model year in the United States.
"Recently, there was an official announcement within the company that it officially halted the development of RN2, a project name for the next G70," a source told Korea Joongang Daily.
The next-gen G70 was reportedly going to be larger than the current model. Genesis was allegedly preparing it as an electric vehicle.