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Hyundai & Kia to pay record $100M penalty for GHG conformity violations & lose $200M+ in emission credits

Green Car Congress

Hyundai and Kia will pay a combined $100-million civil penalty, the largest in Clean Air Act history, to resolve violations concerning the testing and certification of vehicles sold in the US (“Conformity Violations”) and will spend approximately $50 million on measures to prevent any future violations. Hyundai and Kia will also forfeit 4.75

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Report: Vehicle Supplies Are Climbing Back Up

The Truth About Cars

The United States reportedly hit the 80-day mark (representing a 38 percent increase from the same time a year ago) at the very end of January. Unfortunately, most Americans likely don’t have the money to buy a new vehicle right now and anything they would buy might still be difficult to find. percent] of ATP, up from 5.5

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BMW is Willing to Pay to Attract Customers from Other EV Brands

The Truth About Cars

Tesla might not be the most dominant EV maker in the world, but it’s on top of the market here in the United States. BMW is hoping to take some of the shine off of Tesla’s crown with a new incentive that gives buyers a $1,000 discount to buy one of its new EVs.

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Tesla Model 3 and Model Y Just Got Cheaper. Again

The Truth About Cars

Though it’s now cheaper to buy a new Tesla Model 3 or Model Y, some are eligible for federal tax credits, making them even more appealing. Changes in the rules have excluded vehicles from Hyundai and Kia, two major contenders for the top EV sales spot in the United States.

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Hyundai finds new materials partner to improve EV battery and motor performance

Baua Electric

The materials will be used to improve Hyundai, Kia, and likely Genesis electric vehicles. 2024 Hyundai IONIQ 5 (Source: Hyundai) Hyundai Motor (including Kia) surpassed Ford and GM in the first three months of 2024, becoming the second-largest EV maker in the US behind Tesla.

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Hyundai bets on new materials to improve its upcoming electric vehicles

Baua Electric

The materials will be used to improve Hyundai, Kia, and likely Genesis electric vehicles. 2024 Hyundai IONIQ 5 (Source: Hyundai) Hyundai Motor (including Kia) surpassed Ford and GM in the first three months of 2024, becoming the second-largest EV maker in the US behind Tesla.

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April auto gross sales defy financial hesitancy

Baua Electric

.” Regardless of buying groceries process, affordability extra a priority. Chris Hopson, most important analyst at S&P World Mobility, stated the “unsteadiness” within the economic system shall be mirrored in auto gross sales, and volatility is most probably within the coming months. Honda Motor Co.,

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