Inside the Industry

Kia sells 10 millionth vehicle in the United States

(May 24,  2022) IRVINE, Calif. —Continuing its rapid expansion, this month Kia America celebrates the sale of the 10 millionth Kia vehicle in the U.S. Since start of sales in 1993, Kia’s growth is one of the auto industry’s greatest success stories and the result of delivering world-class quality, design and technology in every SUV, sporty sedan, and electric vehicle the company offers. The 10 millionth vehicle — a Runway Red all-electric EV6 — was purchased by Monti Charoenphong at Car Pros Kia Moreno Valley in Moreno Valley, Calif.

Polestar invests in extreme fast charging battery company StoreDot

(May 24, 2022) Polestar has made its first financial investment as a company, investing in extreme fast charging battery technology innovator, StoreDot. StoreDot is pioneering the development of silicon-dominant extreme fast charging batteries for electric vehicles. The Israel-based company aims to produce batteries for EVs capable of charging up to 160 km (100 miles) of range in just five minutes by 2024.

Hyundai Group announces its first dedicated EV, battery plant in U.S.

(May 23, 2022) Hyundai Motor Group has announced it has entered into an agreement with Georgia to build its first dedicated full electric vehicle and battery manufacturing facilities in the U.S. The Group’s U.S. investment decision will support its goal of becoming a leader in electric mobility in the U.S. market. It also highlights the Group’s commitment to sustainability through electrification and to supporting the economies where it operates.

A legend reborn in 543-hp limited-run 2023 BMW M4 CSL

(May 23, 2022) WOODCLIFF LAKE, NJ — A legend is reborn. As its 50th  birthday celebrations gather steam, BMW M GmbH is unveiling a very special limited edition model. The new 2023 BMW M4 CSL fuses old-school racing passion with innovative technology to create an inimitable performance experience. Its standalone character profile is rooted in two core features — a power hike of 40 horsepower over the current BMW M4 Competition to 543 hp and a 240-pound reduction in weight.

Mecum Tulsa to feature 1,000 classic and collector cars June 9-11

1965 Mercury Comet A/FX Leightweight 427

(May 23, 2022) WALWORTH, Wis. — Mecum Auctions will return to SageNet Center at Expo Square in Tulsa, Okla., with 1,000 American muscle cars, classics, Corvettes, trucks, Hot Rods, customs and more this June 9-11. The first-ever Mecum Tulsa auction, held in June of last year, resulted in $22.1 million overall with a trio of Ford GTs achieving placement as the top three highest-dollar sales, led by a 2006 model that brought $330,000.

Volkswagen joins forces with 'Obi-Wan Kenobi"' for launch of ID. Buzz

(May 21, 2022) HERNDON, Va. — Volkswagen is giving an even stronger emotional charge to its brand and lends further momentum to its global e-strategy. The company launches sales activities for its iconic van, the ID. Buzz with a collaboration with “Obi-Wan Kenobi,” the all-new limited Star Wars series coming to Disney+ May 27. The campaign launches with a customized advertisement made in collaboration with Lucasfilm and Industrial Light & Magic featuring the ID. Buzz and some familiar Star Wars characters as well as leading actor, Ewan McGregor, who will also serve as brand ambassador for Volkswagen.

Volvo makes charging and paying easier for pure electric Volvo drivers

(May 20, 2022) For over a century, motorists around the globe have been used to simply driving into a gas station, checking the going rate for their fuel of choice, filling up their tank and continuing their journey. As it moves towards becoming a fully electric car maker by 2030, Volvo Cars believes it should be just as easy and convenient to charge and pay for charging if consumers are to widely adopt all-electric cars.

Mercedes-Benz 300 SLR Uhlenhaut Coupe sells for $143.1 million

(May 20, 2022) STUTTGART, Germany — A 1955 Mercedes-Benz 300 SLR Uhlenhaut Coupe from 1955 has been sold at auction for a record price of 135 million EUR ($143.1 million) to a private collector. This icon of automotive history is an absolute rarity – one of just two prototypes built at the time. Named after its creator and chief engineer, Rudolf Uhlenhaut, it is considered to be one of the finest examples of automotive engineering and design by automotive experts and enthusiasts worldwide.

Toyota marks 25th anniversary of Sienna with special limited edition

(May 20, 2022) PLANO, Texas — The 2023 Toyota Sienna marks the model’s first quarter-century of success and celebrates with a limited-availability 25th Anniversary Edition. Based on the sport-infused XSE grade, the special model gains additional luxury cabin features from the Limited grade and adds exclusive exterior and interior trim. Toyota will build just 2,525 of these models for the U.S., making this a “gotta have it” minivan.

Kia to establish its first electric Purpose Built Vehicle plant in Korea

(May 19, 2022) SEOUL —  Kia Corporation, which is in the midst of its transition into a sustainable mobility provider, has announced that it will establish an all-new, high-tech smart manufacturing facility dedicated to producing electric Purpose Built Vehicles (PBVs). The intelligent new production hub for PBVs will be located within Kia’s existing Hwaseong manufacturing site in Korea. The company plans to begin construction in the first half of 2023, with the aim to commence commercial production in the second half of 2025.