Category: Hyundai Motor Co

Hyundai and Kia Recall 3.4 Million Cars, Telling Drivers to Park Outside

Auto safety regulators are concerned about possible fires caused by brake fluid leaks.
Biden Says He Will Nominate Michael Whitaker to Lead FAA

The president’s selection, Michael G. Whitaker, served as the No. 2 official at the Federal Aviation Administration during the Obama administration.
G.M. and Other Automakers Will Build 30,000 Electric Vehicle Chargers

The companies will jointly spend at least $1 billion to build a North American network in an effort to persuade more people to buy battery-powered cars and trucks.
Hyundai and LG Plan $4.3 Billion Battery Plant in Georgia

The facility is the second battery project under development in the state by Hyundai Motor Group and may bring 3,000 jobs.
Kia and Hyundai to Pay $200 Million to Settle Suit Over Car Thefts

The agreement in the class-action suit, which awaits a judge’s approval, would affect the owners of about nine million vehicles. It came as the nation contends with a surge in auto thefts.
Electric Vehicle Tax Credit Rules Create ‘Chaos for Consumers’

Buying an electric car has become much more complicated because of restrictions on which models qualify for a federal tax credit of up to $7,500.
U.S. Car Brands Will Benefit Most From Electric Vehicle Tax Breaks

Rules that take effect on Tuesday will limit the $7,500 credits to electric cars made domestically with minerals from the U.S. or trade allies.
New Rules Will Make Many Electric Cars Ineligible for Tax Credits

The New York Times – Business:
The Biden administration hopes its guidelines for up to $7,500 in tax credits will encourage automakers to reduce their reliance on China for batteries and raw materials.
Electric Vehicles Could Match Gasoline Cars on Price This Year

The New York Times – Business:
Competition, government incentives and falling raw material prices are making battery-powered cars more affordable sooner than expected.
Tax Credits for Electric Vehicles Are About to Get Confusing

The New York Times – Business:
Foreign-made cars no longer qualify. Tesla and G.M. are eligible again. But officials are still working on the fine print.