Tuesday, October 18, 2022

Hyundai, Kia plan to take combined $2 billion hit for Q3

The automakers said the provisions were needed because of engine recalls and more recent changes, such as longer lifecycles for used vehicles and lower scrap rates caused by a chip shortage, and an underestimate of engine improvements.

 



from Section Page News - Automotive News https://ift.tt/ds0BaSL

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