Since its debut in 2017, the 2024 MG ZST has quickly become a popular choice in Australia as an affordable small SUV.

Situated above the ZS offering in Australia, both cars are virtually identical with the addition of features in the ZST models.

Manufactured by the automaker MG, which transitioned from British to Chinese ownership, it now consistently secures a spot among the top ten best-selling car brands in the monthly sales results.

Pricing and Features

The MG ZST Core featured in our 2023 Best Value Small SUV comparison as the most affordable car on offer.

The Core starts the ZST line-up (before the Vibe, Excite and Essence) which you can drive home for only $25,490.

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Powering the Core is a 1.5-litre engine paired to a 4-speed auto that produces a humble 84kW of power and 150Nm of torque.

The entire MG range is backed a seven-year unlimited kilometre warranty as well which adds to the whole value appeal of the model.

Considering its price point, MG has packed in plenty of standard spec, including 17- inch alloy wheels, a 360-degree camera, keyless entry and push-button start and LED headlights.

On the inside you’ll see a generous 10.1-inch touch screen with Apple CarPlay & Android Auto, fabric seats, a leather steering wheel and four speaker sound system.

Moving up to the Vibe (for an extra $2k) will add an extra 2 speakers (6 speakers total), rain sensing wipers, front fog lights, built-in satellite navigation and synthetic leather seats.

All colours besides white and black carry a $700 premium.

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Safety

The original MG ZS received a four-star rating in 2017, a rating which the ZST also holds, even though it boasts significantly enhanced driver assistance and active safety features.

The ZST Core comes standard with safety features including six airbags, ABS with brake force distribution, an electronic stability program (ESP), a rearview camera, rear parking sensors, and cruise control.

All variants of the model include the MG Pilot active safety suite as a standard feature, easily identified by a prominent ‘Pilot’ badge on the tailgate.

Beyond the standard ZS offerings, the Pilot suite enhances safety with features like adaptive cruise control with stop and go, AEB with forward collision warning, lane-keep assist, lane departure warning, rear cross-traffic alert, automatic headlights, blind-spot monitoring, and a 360-degree camera.

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Key Rivals

With a strong presence in the small SUV category, the MG faces stiff competition from a diverse array of contenders, spanning from economical to upscale mainstream models, such as:

• Haval H2
• Hyundai Venue
• Kia Seltos
• Toyota Yaris Cross

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Should I Put It On My Shortlist?

If the MG ZS is a bit too bare for your liking, the 2024 MG ZST is set to tick your remaining boxes.

The Core model already presents excellent value with its comprehensive feature set.

For those desiring a bit more power or amenities such as a panoramic sunroof, higher-tier variants in the lineup will cater to your preferences.

Grays offers up another batch of potential candidates for your cash. Here’s our selection for this week.

2015 Peugeot 308 Allure hatch

How do you know someone is a Peugeot fan? Don’t worry, they’ll tell you.

If that sounds like you, then first up is this 308 hatchback from 2015.

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2011 BMW 6 Series 650i F13

BMW’s sleek coupe is sadly no longer with us, but its spirit still lives on in this 2011 example – the version that succeeded Bangle’s infamous polarising 6 Series.

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2008 Jaguar XF 3.0 Luxury

Jaguar tentatively loosened their grip on their heritage (ie round headlight) designs with the XF back in 2008, offering something more modern and sleek. Grays currently offers this example.

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2013 Porsche Panamera 970

Wanting a luxury saloon that’s a little more unique?

After being emboldened by their successful Cayenne SUV, Porsche gave the world the Panamera. Grays currently offers the below 970 for your perusal.

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2009 Holden Caprice WM

Continuing the sedan (and colour black) theme, below is an example of Holden’s entry into the top of the saloon market.

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2000 Holden Commodore S VX sedan

And finally below we have yet another sedan from Holden, although a it’s the more common Commodore, although this one is a colour that isn’t black.

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Take a look at Grays’ entire listings here [↗]

Hey, we get it. With dozens of news and review stories published each week, it can be hard to keep up with all the latest in the automotive world.

Obviously we reckon every story we run is a banger, but if you’re looking for the highlights reel, this is it. Read on and click away!

REVIEW: All-new 2024 Triton driven

REVIEW: Facelifted i30 Sedan N on track

Apple Car dead

REVEALED: The next-gen MG3 has been detailed

PRICING: Toyota’s bZ4X EV detailed for Australia

REVIEW: BMW’s new iX2 electric SUV driven

REVIEW: MG4 Long Range 77kWh review

REVEALED: This is Renault’s new retro EV hatch

PRICING: Kia Sportage Hybrid detailed at last

First Australian details for Kia Carnival Hybrid

New recall notices have been issued, affecting Toyota, Skoda, Lexus, Ram, Cupra and Jaguar vehicles.

The details of each recall, as published, are posted below.

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• What is a recall?
• What to do if your car is recalled
• Why a car recall isn’t all bad news
• What is a vehicle identification number (VIN)?
• All ANCAP & vehicle safety stories

The 2024 Nissan X-Trail is one of Australia’s better known mid-size SUV wagons, but how much can it tow and is it any good at it?

JUMP AHEAD

• What you need to know about the Nissan X-Trail
• How much can the Nissan X-Trail tow?
• How does it compare with its rivals?

Everything you need to know about 2024 Nissan X-Trail

As one of Australia’s most popular mid-size SUVs, the X-Trail is a go-to wagon for everyday family activities as well as the weekend get-away vehicle.

For lighter trailerboats or caravans and camper-trailers, the X-Trail is a promising option.

The Nissan X-Trail arrived last year in the form of an all-new fourth-generation model, platform shared with the Mitsubishi Outlander. Offered in four trim lines, in 2WD and AWD, in petrol or hybrid and in five- or seven-seat configurations, the X-Trail we’re focussing on here is the popular five-seat petrol Ti spec.

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While the hybrid X-Trail would appear to be the towing pick – with its higher outputs and lower fuel use – its 400kg lower (1600kg versus 2000kg) towing capacity over the petrol knocks it out of contention.

The standard safety equipment list for Nissan X-Trail Ti includes seven airbags (dual front, side, curtain, and front-centre), Autonomous emergency braking (vehicle, pedestrian, cyclist, junction, reverse), Adaptive cruise control, High Beam Assist, LED headlights, 360-degree camera, front and rear parking sensors, Blind-spot alert, Lane-keep assist, Traffic sign recognition, Lane departure warning, Rear cross-traffic alert and Rear Automatic Braking.

The X-Trail Ti comfort features include keyless entry and start, leather seats (heated and powered at front), sunroof, a 12.3-inch digital dash a 10.8-inch head-up display, 12.3-inch infotainment screen, Apple CarPlay (wireless) and Android Auto (wired) and a wireless phone charger.

The Ti is a five-seater only; for seven seats you need to choose from either (lower spec) ST or ST-L. For all X-Trail towing-specific features, see below.

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Get up to speed on the X-Trail

The stories below will give you a guide on everything to do with the 2024 Nissan X-Trail. All fresh stories will be found on our Nissan X-Trail Sport page.

2024 Nissan X-Trail coverage

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How much can the 2024 Nissan X-Trail tow?

All Nissan X-Trail models have a 2000kg (braked) and 750kg (unbraked) towing capacity, with 200kg towball download maximum.

The X-Trail Ti petrol’s kerb mass is 1668kg, and GVM is 2135kg. This mean you have a 267kg available payload once 200kg towball mass is subtracted. GCM is not noted in Nissan data, as is often the case with passenger vehicles.

Out of the box the X-Trail’s only towing features are trailer-sway control and, while not directly for towing, it does help hitching up, a rear-view camera. Trailer sway control is an active safety feature is in many (but not all) new vehicles, and it works by automatically applying individual wheels brakes when sensors pick up that the vehicle is yawing excessively because of trailer sway.

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While a genuine Nissan tow kit is optional, not much else (such as an electric trailer brake controller) is offered by Nissan for towing.

The towball on the Nissan accessory towbar is very close to the rear bumper, making it possible to damage the rear bumper with the trailer coupling if you’re not careful when hitching up.

Towing performance is acceptable, although a bit blunted with a heavy trailer behind, while towing ride is quite good. Fuel consumption will depend what size and weight trailer you are towing, but if it’s a big, bluff 1900kg caravan then expect a fuel figure of around 15L/100km.

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How does this match up with competitors?

The fact is, the mid-size SUV market is not where manufacturers tend to spend much effort setting up their vehicles to tow heavy loads.

Many have much less than 10 per cent towball loading, for example, a vital statistic if towing the typical caravan or camper-trailer. While the X-Trail is one of few with a solid towing capacity (and with 10 per cent towball download), it isn’t the only one with some good towing specs. The X-Trail has some solid competition.

There are not many that can equal the X-Trail’s 2000kg maximum towing capacity and 200kg towball download. The Volkswagen Tiguan beasts X-Trail with its 2500kg best in class towing capacity, but allows only 200kg maximum towball download.

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The Hyundai Tucson comes close with 1900kg maximum capacity, bit only accommodates 150kg of than on the towball. Even the platform-shared Mitsubishi Outlander only offers 1600/160kg towing maximums.

It’s hard to pick a winner here; while the Tucson offers diesel torque and efficiency, it is beaten by the 162kW petrol Tiguan in outright capacity – although you’d have to make sure to keep towball weight below the 200kg threshold.

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The 2024 MG ZS is an affordable small SUV that’s gained quick popularity in Australia since arriving in 2017.

It’s produced by British-turned-Chinese automaker MG who are now a regular in the list of top ten best-selling car brands.

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Pricing and Features

It’s a single ZS grade on offer – Excite– which you can pick up for the extremely competitive price of $23,990 drive-away. It sits in a price bracket akin to most of used key selling rivals.

Under the bonnet lives a 1.5-litre engine paired to a 4-speed auto that produces a humble 84kW of power and 150Nm of torque.

The entire MG range is backed a seven-year unlimited kilometre warranty, unless you use the vehicle for commercial purposes which will cap your odometer to 160,000km over that period.

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MG ZS has basic standard equipment that gets the job done.

This includes 17-inch alloy wheels, a leather-appointed steering wheel, six speakers, Apple CarPlay, an 8.0-inch touchscreen, a reverse camera and rear parking sensors. All the standard specs you’d expect out of a vehicle in the category, but with a sharper price point than most.

It’s cheap and simple, but if you’re after more, you’ll want to look into the more premium of the MG ZST range.

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In the world of compact SUVs, the ZS Excite stands out with its unexpectedly roomy interior and commendable design aesthetics.

While it might not be an outright head-turner, it subtly exudes a more premium look — especially for those not as car-obsessed as us — than a vehicle that can be driven home for less than $25k.

Buyers have the choice of five exterior colours, including MG’s signature Diamond Red metallic paint. Dover White and Pebble Black come free of charge, while the remaining colours carry a $700 premium.

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Safety

The safety features in the MG ZS have improved over the years, but the car still maintains the four-star ANCAP rating it received when it was rated in 2017. This is due to omissions like Automatic Emergency Braking (AEB), which has become standard for many other brands.

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Key Rivals

As a best-seller in the small SUV segment, the MG is competing with a range of key players, from budget-friendly to mainstream luxury models.

These included the:

• Haval H2
• Hyundai Venue
• Kia Seltos
• Toyota Yaris Cross

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Should I Put It On My Shortlist?

The MG ZS is a great value-for-money proposition, offering a decent set of features and inclusions at its price point.

It’s a step into a new vehicle you’ll only get from used cars of key competitors.

If you’re restricted by budget and want the peace of mind of a leading seven year warranty, then the MG ZS could be your answer.

Australia’s favourite vehicles are dual cab utes. Year-on-year the Toyota HiLux and Ford Ranger battle it out for supremacy and in that sense, we’re not too different in the F-150-dominated United States.

No surprise that Australian politicians are keen to match the Yanks’ fuel efficiency standards, then.

The UK has been heading in the same direction as us, with record Ford Ranger sales in 2023. Instead of allowing these popular family-friendly four-door pick-ups to masquerade as work vehicles, they were set to be reclassified in the UK’s Benefit in Kind (BIK) rules – the company car scheme  – as passenger, rather than light commercial vehicles.

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It would’ve placed a Ford Ranger Wildtrak in the highest company car tax bracket of 37 per cent; from 2025 a 40 per cent taxpayer in the UK would have to cough up £582 ($1120) monthly for using it as a company car, compared to just £120 ($230) before.

A less polluting vehicle is taxed significantly less in the scheme. This is separate from the UK’s efficiency standards, though it drastically adjusts purchase habits.

Little surprise then that, around a week after the change was announced, pressure from the United Kingdom’s motor industry saw the government U-turn on its decision. The official reason is that the changes could have inadvertently harmed farmers and the UK’s economy.

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Australia’s market is different from the UK’s, with utes necessary for large parts of our country where travelling long distances loaded or towing on rough roads is common.

But dual-cabs are now one of the default vehicles for Aussie families.

Statistics give credence to this, with Mitsubishi identifying that more than half of Triton buyers use their vehicles strictly privately: to and from work, on weekend drives and adventures.

These are the kind of buyers that see utes as a lifestyle vehicle for recreation, offering more than sheer utility.

I have no issue with how vehicles may be used, but giving concessions in the New Vehicle Efficiency Standards to Australia’s most popular and polluting vehicles by taxing them less than a Toyota RAV4 or MG ZS (according to the FCAI’s calculations) would only going to push more buyers into this type of vehicle – ergo more CO2 emissions in the short-medium term.

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The Federal Chamber of Automobile Industries commissioned a study to determine the biggest winners and losers under the proposed tax penalties by the government’s proposed standards (the middle option) by 2025.

And while an Isuzu D-Max X-Terrain would be hit with a $2030 penalty (assuming the charge is $100 per gram), a Toyota RAV4 Edge 2.5 petrol suffers more at $2720. That doesn’t feel right.

Aside from the niche RAV4 Edge non-hybrid, Toyota is in a pretty good place with targets based on fleet average emissions. A Toyota RAV4 hybrid emits 31 per cent less CO2 than a 2.5 petrol and (with the right number sold) could aid in offsetting polluting LandCruisers, for example.

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For manufacturers like Isuzu with its diesel-only line-up, the standards could prove tough.

Plug-in hybrids developed in tandem with other ute manufacturers could be the silver bullet for Isuzu and similar companies and Ford’s already on the program with Ranger.

While it’s logical to tax work vehicles under a different structure if they’re contributing significantly to industry, aligning increasingly private-use vehicles like high-spec dual-cabs more closely with passenger vehicles seems wise.

Australian automotive bodies caution that these policies will force large-scale changes within the sector, potentially affecting consumers.

But is there any point in implementing a toothless efficiency standard? After the warmest February on record, it’s clear the climate doesn’t wait for legislation.

With the inexorable creep towards widespread electrification looming heavily in the minds of petrol-loving enthusiasts, being able to report on an even more hardcore, yet still affordable, performance sedan is something of a Taylor Swift moment in 2024.

That is, a bright and shiny respite from the doom and gloom of regular newsfeeds… except that purchasing the new i30 Sedan N should be a shedload easier than expecting a Hogwarts level of wizardry from Mummy in scoring Tay-Tay tickets.

Anyhoo, the point is that despite all of Hyundai’s humble chest-beating about its increasingly kick-arse EVs, there’s still an unhinged turbo-petrol scorcher in its line-up that has just become more aggressive, more focused, and even more desirable than its already-tantalising predecessor.

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Just over two years since the i30 Sedan N launched in our market, along comes this edgier 2024 version – both in the way it looks and the way it drives.

The refreshed visuals are immediately obvious, especially at the front. Sporting a much more aggressive horizontal theme to its front end (that almost looks like a pissed-off frown), Hyundai says the Sedan N’s broad split grille enhances engine cooling and features air curtains that direct extra ventilation to the front brakes through racecar-style guides.

It is a menacing visage that teams beautifully with fang-like body-coloured lower grille inserts, dual-projector LED headlights with LED indicators, new flat aluminium matte-black badging, and purposeful new black 19-inch forged alloys that reduce unsprung mass by 15kg and are tougher-looking than their machined-face predecessors.

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When you take into account that the Sedan N is riding on a newer platform development, right now this is absolutely the N model to covet

The red side-skirt garnishing now extends into the lower rear section while the rear bumper itself is also new, with a chunkier matte-black horizontal insert to make it look broader and meatier.

Indeed, if any visual treatment was going to make the rather contentious i30 Sedan look genuinely great, this is it!

Underneath, the engineering changes are similarly extensive, which shouldn’t be surprising given that the Sedan N accounts for such a large proportion of i30 N sales in Australia (and is the only N variant sold in the US).

Hyundai shifted 1573 Sedan Ns here last year compared to 1626 N hatches, so an almost 50:50 split. And when you take into account that the Sedan N is riding on a newer platform development, right now this is absolutely the N model to covet.

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How much is the i30 Sedan N, and what do you get?

Regardless of transmission – six-speed manual or eight-speed dual-clutch automatic – the 2024 i30 Sedan N costs $52,000 before on-road costs, which is an $1800 rise over its MY23 predecessor.

For that additional outlay, the main extra features for 2024 include intelligent speed limit assist and Hyundai’s ‘Bluelink’ connected car services – complimentary for the first five years and transferable if you sell the car.

Less visible are comprehensive alterations to suspension hardware and body strengthening (detailed in What is it like to drive?), and a new colour (Ecotronic Grey Mica) to go with the aforementioned styling alterations, new bumpers and redesigned wheels.

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Apart from an optional glass sunroof ($2000), everything else is standard.

Interior comfort, space and storage

It’s once you start to pick through the Sedan N’s cabin that you realise the lion’s share of its budget has gone into performance engineering, not plush furnishings.

All the key touch points are generally spot on – the superb three-spoke steering wheel with blue stitching (and new matte-black Hyundai logo), excellent screen graphics, and simple-to-access performance settings and drive modes, as well as terrific forward vision over a relatively low cowl.

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Australian cars don’t get the low-set leather/Alcantara sports buckets offered overseas

There are also new-for-2024 features such as Bluelink connected car services, a revised wireless charging pad to accommodate larger phones, USB-C outlets front and rear, and first-for-N intelligent speed limit assist (which is nowhere near as intrusive as it used to be in previous Hyundai-Kia models).

Australian cars don’t get the wonderfully huggy, low-set leather/Alcantara sports buckets offered overseas. While the all-electric, perforated leather alternatives are amply comfortable and feature cooling as well as heating, they’re mounted a bit too high to truly complement the Sedan N’s dynamic personality.

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Apart from its relatively interesting dashboard design, the N’s interior is fairly rudimentary. For the most part, fit and finish is good, but hard plastics abound.

The doors only take 600ml bottles (awkwardly), and the N’s rear seat lacks a centre armrest. It also folds only as a single piece (rather than 60:40) to expose the red body stiffener you’ll need to thread stuff through if you want to carry long items.

The 464-litre boot is also pretty crummy – not for its size, or even its space-saver spare, but because its trimming is sparse and there’s nothing to grab onto when closing the lid, or even an outside button to open it!

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What is it like to drive?

Developed globally alongside Ioniq 5 N, with Australian engineering input, Hyundai says chassis changes to the i30 Sedan N are derived from its experience in TCR motorsport.

Tweaks include a reinforced upper engine mount (for reduced vibration and improved agility), polyurethane rear strut-top bushes (for improved yaw response and steering precision), a new urethane rear suspension insulator on the rear support (instead of rubber) for improved damping and yaw response, and a lipstick-red rear stiffening bar (a lateral brace behind the rear-seat backrest) that increases body stiffness by 29 per cent.

The electronically controlled three-setting dampers have a finessed tune to enhance body control, while the motor-driven steering system gains a number of new components: a revised gearbox yoke (to enhance feedback and directness), a low-friction universal joint (to improve steering precision), as well as optimised software to make the most of the hardware upgrades.

Even the front brake hoses gain a new thermal protector to improve fade resistance, and the stability control has been upgraded to further enhance braking performance.

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Otherwise, it’s situation normal for the rest of the mechanicals – a multi-talented 2.0-litre direct-injection turbo-petrol four producing 206kW at 5500-6000rpm and 392Nm from 2100-4700rpm, tied to either a six-speed manual or an excellent ‘wet’ eight-speed dual-clutch gearbox.

The N-DCT version weighs 40kg more than the manual but remains the acceleration star – 0-100km/h in 5.3sec versus 5.8 – though with a shared 280km/h top speed, no one is ever going to question the Sedan N’s performance. Indeed, this is the ballsiest smallish car you can buy this side of an AWD European alternative, for considerably less money.

No doubt the i30 Sedan N would be faster if it were all-wheel drive, but that is completely missing the point – this front-drive stunner is all about driving feel, dynamic nuance, adjustability and reduced weight, not narcissistic Nürburgring times.

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You’d probably need to drive old and new back-to-back to truly appreciate the wealth of engineering changes, but we can definitely tell you this is one hell of a performance car when giving its all – as well as surprisingly liveable and easy to drive when it needs to be.

Even back at launch in 2018, this has always been one of the greatest attributes of the i30 N. Only now the 2024 Sedan N is firmer in the day-to-day stuff, yet still relatively comfortable, with greater bandwidth, more resilience, and an even keener attitude.

The way its balance pivots mid-corner on the road is a delight, yet it’ll still do that, even in its firmest N setting, on a challenging racetrack like Winton in Victoria, where we spent several hours caning a series of Sedan Ns.

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We selected level two for everything except steering, where even the lightest setting delivers plenty of meat

Thanks to its N Mode screen with individually adjustable settings for pretty much everything (engine, steering, suspension, transmission, e-LSD, ESC, and exhaust) – each with three options apart from the superb electronically controlled mechanical front diff (which gets two) – your ultimate N custom mode is a mere finger-press away.

We selected level two for everything except steering, where even the lightest setting delivers plenty of meat for its 2.2 turns lock-to-lock. And in that setup, its combination of damping discipline, handling adjustability and furious power-down when exiting corners is a thrill to experience.

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In full-blown N mode (accessed quickly via the right steering wheel tab), everything gets maxed apart from the ESC (which needs one more press to be fully disabled), though you’ll need a smooth road surface to comfortably experience its many talents.

But around Winton, even deliberately bouncing off ripple strips, the Sedan N is far from feeling like a mechanical skateboard. It offers just enough roll to enhance its involvement, tireless steering assistance that combines firm weighting with crisp precision, and superb grip everywhere – plus that barking, crackling, belting exhaust note that a Hyundai N at full noise is now known for.

Both its brakes (vented discs at both ends, 360mm front and 314mm rear, combined with a proper manual handbrake in Australia) and its bespoke 245/35ZR19 Michelin Pilot Sport 4 S tyres withstood the punishment dished out by the Aussie motoring media without needing a cold compress and a lie down in a shady corner – they just kept on keeping on.

After all that, I drove a manual Sedan N 650 kilometres back to Sydney, in challenging weather, cranking the decent eight-speaker Bose stereo – and averaged just 7.0L/100km!

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VERDICT

We should be thankful that many enthusiasts deep inside the N skunkworks are still clearly sniffing petrol

In some areas, you can tell the i30 Sedan was built to a price, for Americans. But everywhere that counts, the 2024 Sedan N is a visceral performance machine that brings so much talent to the table for a bargain mid-50s drive-away price.

As a side note, it’s fascinating how Aussie ‘N-thusiasts’ (as they call themselves) have championed Hyundai’s N cars more than any other market in the world. Many of them are also former Ford and Holden faithful – from Fiesta ST to Commodore SS-V Redline.

So while the Sedan N can’t replicate the sound or flavour of a rear-drive Commodore V8, this is the new everyperson’s performance hero.

We should be thankful that many enthusiasts deep inside the N skunkworks are still clearly sniffing petrol.

The 2024 Hyundai Staria Hybrid has been announced for South Korea with people mover and cargo-carrier options.

It is currently limited to Hyundai’s domestic market with no export plans for the Staria Hybrid confirmed at this stage.

However, Hyundai Australia says it is “very keen” to expand its hybrid line-up – where an electrified Staria Load would become the first commercial van to offer a full-hybrid powertrain locally.

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“Staria Hybrid is currently only available in the domestic (Korean) market. We are very keen to add Staria Hybrid to our rapidly expanding hybrid portfolio Down Under, however nothing is confirmed at this time,” said a Hyundai Australia spokesperson.

Like the related Santa Fe and Kia Carnival – which are all based on Hyundai-Kia’s ‘N3’ monocoque platform – the Staria Hybrid features a 1.6-litre turbo-petrol engine matched to an electric motor for a 180kW and around 370Nm total system output.

It has a six-speed automatic transmission instead of the eight-speed units found in petrol V6 (200kW/331Nm) and turbo-diesel (130kW/430Nm) versions of the Staria and Staria Load.

The Korean Car Blog [↗] reports the 2024 Hyundai Staria has also received minor updates in addition to the newly added hybrid powertrain.

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This includes traffic jam assist, USB-C charge ports, an updated key fob, standard front parking sensors, and a quieter power sliding door with a new warning sound.

Hyundai Australia could not confirm whether we’ll see these revisions applied to local Staria and Staria Load models.

The Hyundai Staria and Staria Load were unveiled in 2021 as the successor to the iMax and iLoad, respectively, which were on sale for 14 years.

Both models switched from a unique rear-wheel-drive commercial van platform to the front-wheel-drive ‘N3’ passenger car architecture shared with the Santa Fe, Tucson and Sonata – as well as the Kia Sportage, Sorento and Carnival.

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Unlike its Carnival arch-rival, the Staria people mover is all-wheel-drive in diesel form, while Staria Load diesel and Staria V6 petrol models are front-drive.

Hyundai has not confirmed if the Staria Hybrid will be offered with all-wheel drive.

VFACTS new-car sales data reveals 1141 examples of the Hyundai Staria were sold in Australia in 2023, significantly behind the Kia Carnival (11,312) but ahead of the Volkswagen Multivan/California (851), LDV Mifa (452) and Toyota Granvia (112) people movers.

Meanwhile, Hyundai sold 2497 units of the Staria Load, behind the Toyota HiAce (7133), LDV G10 (3638) and Ford Transit Custom (2843).

February 29: Polestar takes $1.5b loan, Volvo to shrink its stake

EV brand Polestar has secured a three-year, US$950 million loan from a consortium of 12 global banks, including BNP Paribas, Natixis, Standard Chartered, BBVA, HSBC and SPDB.

The company added that it has a cash balance, as at 31 December 2023, of approximately USD 770 million ($1.2 billion).

This announcement follows news in early February that Volvo would respond to an 83% fall in Polestar’s share price – which played a part in Volvo’s own share price having halved over the past year – by cutting the spinoff brand’s funding.

Volvo said it was evaluating “a potential adjustment to its shareholding … with Geely Sweden Holding being the primary recipient.”

Today’s news confirms that the largest stakes in Polestar will now be held by Geely directly and its subsidiary, Geely Sweden Holdings.

Geely’s owner Eric Li already owns a stake in Polestar, but the Geely holding company itself was not a direct shareholder before this latest change.

Presaging any suggestion that Polestar is now on a three-year lifeline, Geely CEO Daniel Li said: “We will retain our shares in Polestar and intend to participate in future financing activities when required.”

Volvo will retain an 18% stake, confirming previously that it “will remain a strategic partner in areas across R&D, manufacturing, after sales and commercial”.

Volvo Car boss Jim Rowan told The Financial Times in early February that Geely is “much more of a natural holding company” for Polestar, giving “clarity” to Volvo investors.

Speaking with Wheels Media today, a Polestar spokesperson said: “The new ownership structure enables Polestar to take its place within the group alongside other brands like Volvo, Lotus, Zeekr.”

The huge external investment comes with conditions, however, including the establishment of “a comprehensive efficiency program”. Like a number of large global companies in recent years, layoffs have been a big piece of finding those efficiencies. Polestar has already shed 10% of its workforce since mid-2023, and a further 15% will follow in 2024.

Polestar expects its fortunes to improve in the coming year, with the long anticipated market launch of its Polestar 3 and Polestar 4 SUVs.

Both will reach Australia this year.

Those two are likely to be Polestar’s highest-volume models alongside the compact 2 sedan, but the brand still intends to launch its confirmed halo models: the large Polestar 5 “four-door GT” sedan and the Polestar 6 convertible.

Outlook for end of year: Expectation of volume growth, double-digit gross profit margin, with significant progress in the second half of 2024 as new SUVs reach full production.

“This marks a new phase in Polestar’s business,” said Polestar CEO and former Volvo design boss, Thomas Ingenlath. “The efforts of recent years are paying off: We improved our cost basis, secured financing and are ramping up our product offensive.

“Both SUVs now sharpen the brand, target one of the fastest growing segments in the industry and position us for strong volume growth and profit margin progression from the second half of 2024.”

Mike Stevens

February 2: Volvo cuts Polestar’s funding

Polestar’s current financial struggles look set to continue after Volvo Cars announced it will no longer provide the EV-only brand with further funding.

Alex Inwood

Volvo currently owns a 48 percent stake in Polestar, which was previously the Swedish brand’s performance-car division, however it is now preparing to cut financial ties and handball all future financial responsibility to their mutual parent company, Geely.

The news follows Polestar’s announcement it would cut 450 jobs globally, which is about 15 per cent of its entire workforce, as it looked to adjust to “challenging market conditions”.

Despite a promising pipeline of future product that includes the Polestar 3, 4 and 5, Polestar has failed to meet sales targets and been forced to cut spending as it struggled with low demand, high inflation and a price war with EV heavyweight, Tesla.

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Reuter’s reports [↗] Polestar’s share price has fallen by 83 per cent since it went public in June 2022.

Polestar revised its business plan in November 2023, though still said it required US$1.3 billion in “expected external funding” before it could reach its target of being cashflow break-even in 2025.

“Polestar Automotive, the Swedish electric performance car brand, welcomes Geely Sweden Holding as a potential direct new shareholder,” said an official statement on Polestar’s global website. “Volvo Cars is evaluating a potential adjustment to its shareholding in Polestar including a distribution of shares to its shareholders, with Geely Sweden Holding being the primary recipient. Volvo Cars will remain a strategic partner in areas across R&D, manufacturing, after sales and commercial.

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Polestar became a standalone electric-car brand in 2017 and currently sell two models in Australia: the Polestar 2, which is based on the Volvo XC40, and the recently confirmed Polestar 4 which will arrive in August.

The Polestar 3 large SUV, itself based on the Volvo EX90, is expected to arrive later this year.

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