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2012 Hyundai Genesis R-Spec sedan to start at $47,350

An eight-speed transmission, a 5.0-liter V8 and 429 hp--if you guessed Audi, Mercedes-Benz or BMW, you'd be wrong. Does a sticker price of $47,350 with shipping costs give it away? That's the cost of the 2012 Hyundai Genesis R-Spec, which is on sale now.

Alfa Romeo will reportedly become standalone company

Fiat Chrysler Automobiles CEO Sergio Marchionne plans to turn Alfa Romeo into a standalone company, Automotive News Europe reports. Marchionne is expected to announce wide-ranging plans for the brand on May 6 which will see Alfa Romeo become a stand-alone legal entity within Fiat-Chrysler, with a publicly disclosed profit and loss statement. Alfa Romeo is currently part of Fiat Group Automobiles S.p.A., which also contains Lancia, Fiat Professional trucks and vans and the Abarth performance brand.

Visteon reveals e-Bee 2020 mobility concept

Visteon has unveiled its new e-Bee concept at the Electronica 2012 Trade Fair in Munich. The e-Bee is a study of mobility in the year 2020 and explores alternative transport ideas such as car-sharing and short-term rental as well as intelligent mobility. Predictable vehicle architecture is transformed by moving the climate system outside, reducing the e-Bee's weight, increasing the cabin space as well as providing easier access to comfort and infotainment features.