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Court rules that Hyundai’s discretionary allocations weren’t unreasonable.
https://www.autodealertodaymagazine.com/369625/texas-discretionary-allocation-suit-decided
NASCAR Driver Toni Breidinger teams up with Kelley Blue Book to test top award winner.
https://www.autodealertodaymagazine.com/369616/kbb-announces-winners-of-2023-best-buy-awards
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.autodealertodaymagazine.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.autodealertodaymagazine.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.autodealertodaymagazine.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.autodealertodaymagazine.com/369178/hyundai-to-focus-on-luxury-models-suvs-and-evs
Korean carmakers say old recalls still affecting profits.
https://www.autodealertodaymagazine.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.autodealertodaymagazine.com/369097/parts-supplier-fined-over-child-labor
The president reaffirmed his understanding and willingness to cooperate with South Korea’s concerns.
https://www.autodealertodaymagazine.com/369043/biden-willing-to-negotiate-continue-ev-talks-with-south-korea
GM surges, peers also gain, though some see declines amid market pressures.
https://www.autodealertodaymagazine.com/369025/q3-new-car-sales-mixed