Inside the Industry

Coming to America — The Volvo P1800 Cyan



(May 27, 2022) Following its 2020 launch to rave reviews in Europe, the Volvo P1800 Cyan will make its official North American debut this summer at The Quail, a Motorsports Gathering on Aug. 9. Prior to that, Cyan Racing will introduce its exquisite resto-mod to the Los Angeles media and public at a number of special events.

Hyundai Group to trim Sonata, K5, Stinger in U.S.



(May 26, 2022) Just as people's interest in sedans is on the upswing because of high gas prices according to Kelly Blue Book's Brand Watch shopping considerations for the first quarter, Hyundai Motor Group has announced that it is discontinuing the long-running Hyundai Sonata as well as Kia K5 and the Kia Stinger.

Hyundai recalling 281,000 vehicles over exploding seat belt



(May 26, 2022) — Hyundai Motor America is recalling 281,000 vehicles in North America over seat belt pretensioners that could explode and project metal fragments, causing injuries. The recall, which comes after three injury reports, covers some 2019-2022 Accent, 2021-2023 Elantra, and 2021-2022 Elantra hybrid vehicles.

Dodge uncovers hot new appearance package for Dodge Durango



(May 26, 2022) AUBURN HILLS, Mich. — The Dodge brand’s three-row muscle car will sport a new look this summer: HEMI Orange. First introduced last year for the Dodge Challenger and Dodge Charger, the popular appearance is now available for the 2022 Dodge Durango R/T HEMI Orange.

Stellantis, Samsung SDI to Invest $2.5 billion in Lithium-ion joint venture



(May 25, 2022) Stellantis N.V. and Samsung SDI have announced that they have executed binding, definitive agreements to establish an electric-vehicle battery manufacturing facility in Kokomo, Ind. Targeted to start in 2025, the plant aims to have an initial annual production capacity of 23 gigawatt-hours (GWh), with an aim to increase to 33 GWh in the next few years. The total capacity would increase further as demand for Stellantis electric vehicles is expected to rise.
 

Toyota 4Runner celebrates historic run with 40th Anniversary edition



(May 25, 2022) PLANO, Texas — Forty candles. The “big four-0.” The Toyota 4Runner will reach the 40-year mark with the 2023 model year…  and, to celebrate, Toyota is offering a distinctive 4WD-only 2023 4Runner 40th Anniversary Special Edition. Appropriately, Toyota will make 4,040 of these special editions available for the U.S. market. Over the past four decades, 4Runner has amassed more than 4 million cumulative sales while carving out its place as the ready-for-anything SUV that’s equally at home on pavement or trail.

Petersen Automotive Museum marks 90th anniversary of iconic 1932 Ford



(May 25, 2022) LOS ANGELES — The Petersen Automotive Museum will honor the 90th anniversary of the 1932 Ford with a new national holiday, Hot Rod Day on June 11, and celebrate the special day with its new “Ford Fever: The Deuce Turns 90” exhibit in the Ross and Beth Myers Gallery. Opening to the public on June 11, the new exhibit includes a definitive collection of groundbreaking 1932 Fords such as Doane Spencer’s historic Highboy and the influential McGee Roadster.

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.