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Kia EV5 Undercuts Tesla Model Y With A Surprisingly Low Price Tag At $22K
Wednesday, August 30, 2023 - 6:17am | 411Kia’s upcoming compact electric SUV, the EV5, is attracting attention with its starting price. Scheduled for launch in China on November 17th, the vehicle’s price is surprisingly lower than expected, beginning at $22,000 (159,800 yuan), as reported by Electrek. This undercuts the...
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These 2 Auto Insurers Are Refusing To Cover Certain Models Made By Kia And Hyundai: Here's Why
Sunday, February 5, 2023 - 12:24pm | 752Two of America's largest car insurers, State Farm and Progressive Corp (NYSE: PGR), are refusing to cover select models of a pair of South Korean automakers in certain U.S. cities. The reason is that they're too easy to steal. According to data from the Highway Loss Data...
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Backed by GM, Hyundai, Geely, Kia And Others, Lithium Battery Company SES Announces SPAC Merger
Tuesday, July 13, 2021 - 9:33am | 462A pre-production lithium battery supplier with key automotive investors announced a SPAC merger Tuesday. The SPAC Deal: SES is merging with Ivanhoe Capital Acquisition Corp (NYSE: IVAN) in a deal valuing the company at a pro forma equity value of $3.6 billion. The SPAC merger will create the first...
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Apple Reportedly Has Suspended Electric Car Talks With Hyundai, Kia
Saturday, February 6, 2021 - 1:52pm | 404Apple Inc’s (NASDAQ: AAPL) rumored discussions with Hyundai Motor Co. and its subsidiary Kia Motors Corp. about building an electric vehicle have been put on hold, Bloomberg has reported. What Happened: Apple was upset about Hyundai's announcement in January...
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Consumer Reports Names Tesla Model 3 Top Electric Vehicle For 2020
Saturday, February 22, 2020 - 2:10pm | 493It's been a good couple of months for Tesla Inc (NASDAQ: TSLA). As the stock has soared to new highs in recent month, the quirky outfit that owner Elon Musk says is a tech company that happens to make cars got a new plaudit this week: Its Model 3 is the top electric vehicle of 2020, according...
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Today's Pickup: Hyundai And Kia Invest $110 Million In Electric Van Startup
Friday, January 17, 2020 - 12:17pm | 589Good day, Hyundai Motor Co and Kia Motors Corporation have invested $110 million in a partnership with a U.K.-based electric vehicle startup, Arrival, to develop electric commercial vehicles for the European market. Arrival will help Hyundai and Kia meet the growing demand for eco-friendly...
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Hyundai And Kia Invest $300 Million In India's Cab-Hailing Giant Ola
Tuesday, March 19, 2019 - 11:44am | 868South Korea-headquartered automakers Hyundai Motors and Kia Motors announced today that they will be investing $300 million in the electric vehicle mobility initiative of Ola, India's cab-hailing giant. Ola has a nearly $6 billion valuation and has raised $3.8 billion to-date. The company has...
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Automaker Kia Likely Beneficiary Of Georgia Inland Port Complex In State's West-Central Region
Friday, March 15, 2019 - 11:19am | 715An inland distribution facility being considered for development by the Georgia Ports Authority (GPA) in the west-central part of the state will mostly support the production of Kia Motors Manufacturing Georgia Inc.'s vehicles as the Korean carmaker expands its operations there. A slide in a...
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Tesla Optimism Makes No Sense, Writer Says
Monday, March 21, 2016 - 1:03pm | 343Tesla Motors Inc (NASDAQ: TSLA)'s stock is on a tear in the past month, rising more than 42.9 percent. However, according to Business Insider transportation expert Matthew DeBord, Tesla investors are making a big mistake when it comes to the outlook for the coming Model 3. “This is the notion...
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Bank Of America On 2015 Auto Manufacturers: Keep Those Wheels Turning
Wednesday, February 4, 2015 - 4:28pm | 708In a report published Tuesday, analysts at Bank of America took a look at the U.S. auto manufacturers' industry, which saw January U.S. light vehicle sales rise 9.3 percent year-over-year on a selling-day-adjusted basis, above the firm’s mid-month estimate of +8.0 percent “for a...
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4 Auto Stories You Might Have Missed This Week
Friday, November 7, 2014 - 4:07pm | 837As the week comes to end, Benzinga takes a look back at some of the top trending auto news stories. Hyundai And KIA Settle With U.S. Regulators South Korean-based Hyundai and Kia were fined $100 million by U.S. regulators for violating the Clean Air Act. The automakers were accused of over-...
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June Auto Sales Beat Street Views
Wednesday, July 2, 2014 - 6:49am | 338Wall Street got an upside surprise from the U.S. vehicle sales figures for June, which showed some of the strongest monthly data since 2007. Chrysler Group LLC and General Motors Corp. (NYSE: GM) saw sales rise 9.2 percent and one percent respectively, while Ford Motor Co. (NYSE: F) sales were...
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Google Might Team with Audi to Supersede Apple's In-Car Initiative
Monday, December 30, 2013 - 5:46pm | 621Apple (NASDAQ: AAPL) is one of the largest companies developing in-car technology, but Google (NASDAQ: GOOG) might be hatching a plan to overtake its competitor. According to The Wall Street Journal, Google and Audi (OTC: AUDVF) will announce a new partnership next week at the Consumer...
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Kia August Sales +26.9% YoY
Thursday, September 1, 2011 - 12:38pm | 55Kia Motors America today announced best-ever August sales of 41,188 units, a 26.9-percent increase over the same period last year and the company's 12th straight monthly sales record. Kia's design-led transformation has led to unprecedented growth, and with year-to-date sales up 39.4 percent, KMA...
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US Makes 3 Of The Best Cars Of 2010 Says Bloomberg
Thursday, December 16, 2010 - 9:25am | 138According to Jason Harper at Bloomberg, the American car companies such as General Motors (NYSE: GM) and Ford (NYSE: F) have managed to take several slots in the listing, with Chevy's Volt taking the Best Green AND Best Car Overall vote. Other cars include the 2011 Ford Fiesta being named as the...