Industry News
Hyundai, Kia expect auto sales rebound in 2021 after two straight years of declines
Reuters – Seoul – South Korea’s Hyundai Motor Co and affiliate Kia Motors Corp on Monday forecast combined global vehicle sales will jump 11.5% in 2021 after sliding for two consecutive years.
Read MoreTesla 2020 deliveries beat estimates, but fall just short of Musk’s target
Reuters – Tesla Inc on Saturday reported better-than-expected 2020 vehicle deliveries, driven by a steady rise in electric vehicle adoption, but narrowly missed its ambitious full-year goal during a punishing year for the global auto industry.
Read MoreBMW aims for 20% of its vehicles to be electric by 2023 -paper
Reuters – Frankfurt – German luxury carmaker BMW is planning to step up its production of electric vehicles, Chief Executive Oliver Zipse told German daily Augsburger Allgemeine.
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