Automotive News Canada - January 2023 - 9

* JANUARY 2023
9
2024 HYUNDAI KONA: For its second generation,
the Hyundai Kona subcompact crossover has a larger
footprint and offers battery-electric, hybrid and
internal-combustion powertrains. The 2024 Kona will
be 15 centimetres longer and about 2.5 centimetres
wider than the previous version. The redesigned
Kona relies on universal architecture, but Hyundai
said the design is based on the EV variant. Pricing
and launch details have not been released.
CARS
By DAVID KENNEDY
&
CONCEPTS
VOLKSWAGEN ID7: The automaker offered
a first look - albeit camouflaged - at the
new battery-electric ID7 at CES in Las
Vegas. The roughly-Passat-sized sedan, previously
known as the ID Aero, is scheduled
to arrive in Canada in 2024. VW is keeping
most of the ID7's specifications under wraps
until the production version premieres in
mid-2023, but it's expected to have the greatest
range of any of the automaker's EVs to
date. Pricing has not been released.
FIAT 500e: After a multiyear hiatus,
the Fiat 500e will return for the 2024
model year, although it will be redesigned.
Dealers have had only the
500X compact crossover to sell since
before Stellantis formed in 2021. Fiat
said the 500e's revival will spearhead
the brand's electrification efforts in
North America. The production version
is expected at the 2023 LA Auto
Show. Driving range, performance
and pricing have not been announced.
RAM 1500 REVOLUTION BEV CONCEPT:
Stellantis' pickup brand provided a glimpse of what to
expect in 2024 with the unveiling of the 1500 Revolution
BEV Concept at CES in early January. According to
the company, the " exterior design represents the future
of Ram trucks. " The concept rides on the new STLA
Frame platform for full-size, body-on-frame electric
vehicles. Driving range, performance and pricing of
the production model were not released, but Stellantis
said the 800-volt architecture can charge at a rate that
adds 160 kilometres of driving range in about 10 minutes.
Major competitors Ford, GMC and Chevrolet are
ahead of Stellantis in the EV-pickup race.
2023 TOYOTA PRIUS:
A radical redesign injects fresh
life into the fifth generation
of Toyota's pioneering Prius
hybrid. For 2023, it has sleeker
styling and with 194 horsepower,
it's 60 per cent stronger than
the outgoing model. Combined
city/highway fuel consumption
is rated at 4.8 l/100 km. Two
variants, both of which will
arrive at Canadian dealerships
before spring, will have standard
all-wheel drive. The 2023 Prius
starts at $38,310, including $1,820
for delivery.
When it comes to Auto
Financing, Scotiabank has
the tools to make it happen
For over 65 years, Scotiabank has been an industry
leader among banks1
, serving the end-to-end financial
needs of automotive dealerships.
Scotiabank has a variety of products to support the
Automotive Industry in Canada. Our dealership and
floor plan financing, wholesale leasing and banking
products are available to provide you with the solutions
you need to operate your dealership. We also proudly
provide a variety of retail financing programs for
your customers. When it comes to auto financing,
be confident Scotiabank has you covered.
scotiabank.com/automotive
®Registered trademark of The Bank of Nova Scotia.
1Scotiabank has the highest market share in Prime Retail Automotive Finance among Canadian Banks as calculated using industry reports.

http://www.scotiabank.com/automotive

Automotive News Canada - January 2023

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