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Carmakers Post Strong Year-End Sales

Loosening inventories balance economic pressures, including rising interest rates.

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Bloomberg Names Hyundai World’s 3rd-Biggest Carmaker

Data analysis puts South Korean brand’s volume above GM, other big players.

Texas Discretionary Allocation Suit Decided

Court rules that Hyundai’s discretionary allocations weren’t unreasonable.

KBB Announces Winners of 2023 Best Buy Awards

NASCAR Driver Toni Breidinger teams up with Kelley Blue Book to test top award winner.

IRA Tax Credit Change Puts Hyundai Profits At Risk

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.

South Korea Seeks Grace Period to New EV Credit Rules

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.

Car Sales Up at Multiple Brands as Honda Continues Skid

Honda points to continued supply issues as overall industry inventory improves.

Hyundai to Focus on Luxury Models, SUVs and EVs

Hyundai Motor Co. will focus on luxury models, SUVs and electric vehicles (EVs) to achieve record-high earnings in 2022.

Hyundai, Kia Reveal Bad Q3 News

Korean carmakers say old recalls still affecting profits.

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Parts Supplier Fined Over Child Labor

Alabama supplier to Hyundai, Kia paid over $30,000 in penalties after investigation found teens as young as 13 working at plant.

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