Genesis has thoroughly updated its G70 for the 2022 model year, giving the small sport sedan a new look, more refined cabin, and unfortunately a more streamlined transmission offering. There's now just an 8-speed automatic as the previous manual option has been dropped.

For early buyers, Genesis is offering a special Launch Edition limited to just 500 units. It comes in an exclusive matte finish known as Obsidian Black, and the interior is decked out in a delicious red leather with diamond stitching. The car is also fitted with 19-inch wheels.

Genesis hasn't mentioned a powertrain. G70 buyers have two powertrain options to choose from. The standard option is a 2.0-liter turbocharged inline-4 rated at 252 hp and 260 lb-ft of torque. Buyers seeking more performance are able to opt for a 3.3-liter twin-turbocharged V-6 with 365 hp and 376 lb-ft. As mentioned above, the only transmission is an 8-speed automatic.

The 2022 G70 starts sales this summer priced from $38,570, including destination. Genesis hasn't said how much the Launch Edition will cost.

In other markets, Genesis will also offer a wagon body style. The G70 wagon, previewed here in a teaser shot, is due soon. Its arrival will coincide with Genesis' launch in Europe this summer, where premium wagons sell in significant numbers.

Teaser for 2022 Genesis G70 wagon

Teaser for 2022 Genesis G70 wagon