HYMLF News and Press, Hyundai Motor Co. Ltd. From 11/28/20

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U.S. units of Hyundai (HYMLF) and Kia (KIMTF) agree to pay a record $210M in combined civil penalties after the National Highway Traffic Safety Administration said they failed to recall 1.6M vehicles for engine issues in a timely fashion.The NHTSA says the two affiliated Korean automakers agr...

With intention to work with President-elect Joe Biden, who has made boosting electric vehicles a top priority, General Motors ([[GM]] +4.4%) will no longer back the Trump administration’s effort to bar California from setting its own emissions rules in an ongoing court fight.GM Chief E...

The latest reliability survey from Consumer Reports indicates that electric car manufacturer are having some growing pains. "All-new cars and new technology are prone to growing pains. CR data have consistently shown that first-year models tend to be less reliable than ones that have been on ...

Hyundai Motors (HYMLF) is being sued by over 200 people in a class-action lawsuit over the reduced value of their electric vehicles dues to fire risk. The plaintiffs want Hyundai to replace the entire battery packs in their vehicles, instead of just issuing a software update to fix the fire r...

Passenger car sales in Europe slipped again in October amid new restrictions, stated the European carmakers’ association.Registrations of new cars declined by 7.8% to 953,615 units, as several European governments reimposed curtailments to battle resurgence of the coronavirus.Demand dr...

EV bus maker Arrival is reported to be in talks to combine with blank check firm CIIG Merger Corp. Sources indicate that the enterprise value of the new company will be set at around $5B to $6B. BlackRock (BLK) is one of the investors in Arrival.The maker of electric commercial vans and buses...

Nevada says Hyundai (HYMLF) and Aptiv (APTV) can test autonomous vehicles on public roads without a safety driver. The Motional joint venture between the two companies landed the approval from Nevada's Department of Motor Vehicles about a month ago. Motional will begin operating Chrysler Paci...

The following slide deck was published by Hyundai Motor Company in conjunction with this event. For further details see: Hyundai Motor (HYMTF) Investor Presentation - Slideshow

Robotics company Boston Dynamics, born at MIT and acquired by Google then SoftBank ([[SFTBF]],[[SFTBY]]) created the dog-like robot Spot, which helped the company attract YouTube views but not a profit.Bloomberg sources say SoftBank is looking to sell Boston Dynamics to Hyundai ([[HYMLF]...