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Hyundai reports a net profit of 3.3 trillion won ($2.47 billion) for the January-March period, thanks to an easing global chip shortage and increased auto production driven by high-margin demand. Did. Crossovers are still strong. Sales increased by 25% to KRW 37.8 trillion, and the automaker’s gross profit margin was 20.4%, better than the 18.2% demanded by the market.Operating margin reached 9.5% Hyundai said the strong sales were largely due to improved production due to stable supply of chips and components globally. He added that there were “persistent external factors such as rising inflation and fluctuations in raw material costs and interest rates due to geopolitical issues.” Hyundai’s global retail sales increased 3.6% in the first quarter. Sales in Europe he increased by 1.5% and in North America by 13%. In China, it fell 8%. Russia, where Hyundai has a plant in St. Petersburg, recorded a 72% decline. The global chip shortage that has plagued automakers since late 2020 is

Seoul, April 25th: South Korea’s Hyundai Motor said on Tuesday its first-quarter net profit was up 92% from the same period last year due to increased production and an improved product mix. Net profit for the three months ended March increased to 3.42 trillion won ($2.56 billion) from 1.78 trillion won in the same period last year, the company said in a statement. Hyundai EXTER SUV design officially announced before its debut. That’s all we know so far. Net profit was supported by improved chip supply, strong sales of high-margin SUVs and increased vehicle production amid a weaker won against the US dollar, Yonhap reported. The dollar climbed to an average of 1,275.58 won in the first quarter from 1,204.95 won in the same period last year, according to Bank of Korea data. The official price of Maruti Suzuki FRONX has been announced. Prices, specs and features for each variant are all explained here. Seo Kang-hyun, executive vice president of Hyundai’s finance and accounting divisi

Vehicle type: A 4-door, 5-seat all-electric SUV. Price range: $71,995 – $90,495, includes destination but excludes options. Power train: In its basic configuration, the Audi e-tron is powered by two electric motors with a combined 355 horsepower and 414 lb-ft of torque. When Sport mode is selected, power temporarily increases to 402 horsepower and 490 lb-ft of torque. The e-tron S model has three electric motors with a total power output of 496 horsepower and torque of 718 lb-ft. All trims come standard with all-wheel drive and power is stored in a 95 kWh lithium-ion battery pack. New for 2023 Audi has made some minor changes to the e-tron for 2023. Sportback models receive a black headliner. The Sportback Prestige trim comes standard with 22-inch wheels, orange brake callipers and rear side airbags. The S trim model is equipped with carbon interior trim and LED lighting in the cabin. The prestige model is equipped with Audi’s matrix design headlights. How are you? High

Axos Bank Senior Vice President, Direct Consumer Lending Anthony Capizzano and EV life financial officer Kevin Egolf A concurrent roundtable will be held at the Auto Finance Summit East on May 10 at 2:30 PM CT in Nashville, Tennessee. Roundtables divide participants into small groups to discuss developments in specific areas of operations and provide opportunities for networking with other participants. Capizzano will lead discussions on facilitating the success of his partnerships in fintech, and Egolf will lead discussions on new opportunities in electric vehicle (EV) financing. Auto Finance Summit East, May 10-12 at JW Marriott Nashville, provides an opportunity to network and learn from industry leaders. See the full schedule of events. round table leader Capizzano has 25 years of sales, operations and product strategy experience in the automotive industry. Before joining Axos Bank in December 2020, Bank of the West . Egolf joined EV Life, which specializes in EV cl

The car, a one-off build that looks like a reimagining of the Group B rally car, was conceived by Engineering Brainbox at Honda Performance Development in Santa Clarita, California. Built at Honda’s automotive development center in Ohio by the Honda of America Racing Team, ‘The Beast’ was released into the wild at select IndyCar events this year, taking on every street in America. The turn came at Long Beach, the most legendary of the circuits. . The front end in front of the cabin has Acura NSX GT3 suspension and brakes, so there’s plenty of front-end grip to balance the compact SUV. On top of the central tubeframe chassis is a standard Gen 6 CR-V steel body straight from the production line, complete with a sunroof. The rear is pretty much an IndyCar rear end in terms of engine, suspension and gearbox, with a hybrid supercapacitor (located on top) and motor generator unit bolted to the rear. Impressed by the engineering, Autosport climbed in in their racing suits, helmets and HA

Half Point Images | Moments | Getty Images Sale of Electric car ready to boom federal policy technological progress and environmental concerns. According to a recent survey, 41% of Americans are at least somewhat likely to buy an electric car as their next car. poll From the University of Chicago and Associated Press. However, many consumers see the high cost as a deterrent, with 60% citing it as the “main reason” for not buying an electric vehicle (EV). Personal finance details: 3 Ways to Cut the Cost of “Off the Charts” Travel Expenses Here are two alternatives for the $7,500 EV tax credit. Pension options coming soon to more retirement plans Most new EVs are luxury models with an average selling price of over $61,000, about $12,000 more than the auto industry average, according to Go to Consumer Reports. But the initial cost doesn’t tell the whole story. Electric vehicles are often better economics for the purchaser in the long run compared to their gasoline-onl

Yes you read that correctly. The industry-wide off-road craze has prompted several automakers to add dirt-friendly models to their lineups. Contributed to the expansion of the Raptor family. Reports are still speculation, but it looks like the Mustang will be the next model to receive the Raptor treatment. High performance off-road Mustang Not only is it possible, it looks like reality.No official release yet from ford but car and driver The Mustang Raptor is reportedly “should arrive in 2026.” They were also able to collect some preliminary specifications. The Mustang Raptor will be powered by the 500hp 5.0L V8 that will power the upcoming Mustang Dark Horse. It will certainly please enthusiasts, but unfortunately there are no manual transmission options, only a 10-speed automatic.It’s a reasonable expectation that the 700+ horsepower Raptor R will be joined by Ford’s bonkers, the Predator V8, in the lineup. . The Mustang Raptor’s V8 powers all four wheels, but in an all-wheel d