Improved inventory levels and higher retailing cited for the sales boost.
Loosening inventories balance economic pressures, including rising interest rates.
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.
The field of finalists for the 2023 North American Car, Truck and Utility Vehicle of the Year Awards includes six battery-electric vehicles.
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.
Honda points to continued supply issues as overall industry inventory improves.
Hyundai Motor Co. will focus on luxury models, SUVs and electric vehicles (EVs) to achieve record-high earnings in 2022.
Korean carmakers say old recalls still affecting profits.
Alabama supplier to Hyundai, Kia paid over $30,000 in penalties after investigation found teens as young as 13 working at plant.
GM surges, peers also gain, though some see declines amid market pressures.
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