Hyundai Motor Group has faced a long road catching up to its Japanese rivals in combustion engine technology. But it's now passing them in the race to be No. 2 behind EV king Tesla.
Japan's automakers absorbed the challenges of the fiscal year just ended. Despite worries over rising costs, they see a brighter year ahead.
New-vehicle leasing has dropped by more than 36 percent during the pandemic, for a variety of reasons. But it's in the vested interests of the whole industry to restore leasing to its previous levels when production and inventory stabilize.
Tesla continues to prove that EVs can sell themselves without subsidies, writes an Automotive News reader in a letter to the editor.
The inventory level in the U.S. showed only a slight improvement last month, landing at 1.11 million, according to Cox Automotive and the Automotive News Research & Data Center.
