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Hyundai may not maintain its EV sales momentum if it can no longer qualify for U.S. tax credits under the Biden Administration’s Inflation Reduction Act.
https://www.agent-entrepreneur.com/369461/ira-tax-credit-change-puts-hyundai-profits-at-risk
South Korea wants a three-year grace period on the U.S. Inflation Act to enable Korean automakers to keep receiving U.S. electric vehicle (EV) incentives.
https://www.agent-entrepreneur.com/369309/south-korea-seeks-grace-period-to-new-ev-credit-rules
Honda points to continued supply issues as overall industry inventory improves.
https://www.agent-entrepreneur.com/369252/car-sales-up-at-multiple-brands-as-honda-continues-skid
Hyundai Motor Co. will focus on luxury models, SUVs and electric vehicles (EVs) to achieve record-high earnings in 2022.
https://www.agent-entrepreneur.com/369178/hyundai-to-focus-on-luxury-models-suvs-and-evs
Korean carmakers say old recalls still affecting profits.
https://www.agent-entrepreneur.com/369131/hyundai-kia-reveal-bad-q3-news
Alabama supplier to Hyundai, Kia paid over $30,000 in penalties after investigation found teens as young as 13 working at plant.
https://www.agent-entrepreneur.com/369097/parts-supplier-fined-over-child-labor
GM surges, peers also gain, though some see declines amid market pressures.
https://www.agent-entrepreneur.com/369025/q3-new-car-sales-mixed
IIHS found U.S. theft claims were nearly twice as common for Hyundai Motor and Kia Corp. than other manufacturers vehicles for the 2015 through 2019 model...
https://www.agent-entrepreneur.com/368946/thefts-of-hyundai-and-kia-vehicles-soar
The seasonally adjusted, annualized rate of sales fell to 12.81 million in May, according to Motor Intelligence.
https://www.agent-entrepreneur.com/368140/may-light-vehicle-sales-results-show-double-digit-declines
The state inked deals with Rivian and Hyundai Motor Group for two EV factories to bring in over $10 billion in auto industry investment and 15,000 assembly...
https://www.agent-entrepreneur.com/368128/george-lands-two-new-ev-factories-for-the-state