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...For Kia, only about 6 per cent of the vehicles traded in to purchase a new Kia are luxury models, according to Edmunds. But for the electric Kia EV6, 21 per cent of the trade-ins are luxury cars....
...“Hyundai and Kia used to be regarded in the US as low-end, unreliable cars,” said Troy Stangarone, senior director at the Korea Economic Institute of America....
...New York City is suing Hyundai Motor and its affiliate Kia for negligence and creating a public nuisance over complaints about a “virtual explosion” of stolen cars blamed on a lack of anti-theft devices....
...In a US hybrid market mainly dominated by Toyota, Honda and the South Korean duo of Kia and Hyundai, domestic manufacturers are racing to catch up.Last month General Motors, which had largely phased out...
...Hyundai and its sister brand Kia have together overtaken Ford and General Motors to claim second place in US electric vehicle sales behind Tesla, with their market share set to grow once a new $7.6bn plant...
...The races then move to Azerbaijan and Singapore before four races in the Americas and the final two events in Qatar and Abu Dhabi....
...Volkswagen has become the latest foreign carmaker to raise wages for US workers following significant pay gains won by the United Auto Workers in a six-week strike against Ford, General Motors and Stellantis...
...There are at least a couple of international automakers in the lowest three tiers of investment grade that could be a source of concern (Hyundai and Kia, for example)....
...Although the Hyundai deal is by far the largest, Georgia’s Korean inflows gained speed in 2005, when Kia Motors announced a $1bn manufacturing plant in the small town of West Point, which acquired the nickname...
...Wall Street lenders like Bank of America and Goldman Sachs are stomaching losses on private equity deal-financing offered before a sell-off rattled markets....
...The motors thrum, the boat cuts through the ocean, and the horizon separates two even shades of blue. This is a failure of perception....
...In South Korea, it supplies all the local automakers including Hyundai, Kia and Edison Motors. Panasonic and LG meanwhile rub shoulders as Tesla’s main battery suppliers....
...In America, most male politicians take the precaution of campaigning in obviously modest suits....
...“I’d say we’re boom territory again,” said Dustin Armstrong, head of the Hobbs Chamber of Commerce. “And for me, I judge it just by the traffic.”...
...The Inflation Reduction Act, signed into law by US president Joe Biden earlier this month, envisages tax credits of up to $7,500 for EVs assembled in North America....
...I agree with Armstrong and Wu that the tendency in European economic policy is in the right direction....
...General Motors and Honda will jointly develop millions of affordable electric vehicles for crucial markets including North America and China, with production slated for 2027....
...The combined group will be larger than General Motors and Hyundai-Kia, making 9m cars a year and enjoying one of the most profitable vehicle line-ups in an industry that has been hit hard by the coronavirus...
...A very slippery area, where I’d be keen to hear your arguments: email them to me at Robert.Armstrong@ft.com. Is competition bad for stocks?...
...If it closes, the deal will catapult the two businesses past rivals including General Motors and Hyundai-Kia to become a 9m-a-year manufacturer, with strong positions in Europe and North America and one...
...Large swaths of Britain and America find the notion of a man in scent to be deeply suspect....
...Opinion: I think the market is over reacting a bit, writes Robert Armstrong in this morning’s Unhedged email. Five more stories in the news 1....
...At Beaulieu, a resourceful young Lord Montagu posed for cameras with a mop and bucket before borrowing vintage cars to start a motor museum....
...Such fears may explain why Hyundai pointed Apple in the direction of its Kia subsidiary, and why their talks stalled over branding....
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