Connect with us

Hi, what are you looking for?

Webinar Expert TeamWebinar Expert Team

Tech News

Hyundai dealers pressured to push ‘fake’ EV sales, lawsuit alleges

Hyundai dealership
Image: Napleton Aurora Imports

Hyundai pressured its dealers to “artificially inflate” its electric vehicle sales figures, instituting a system in which dealers who “played ball” were rewarded while those who refused were “punished,” a new lawsuit alleges.

The lawsuit, which was filed in federal court in Chicago by Napleton Aurora Imports in Illinois and affiliated franchises, says that Hyundai has issued numerous press releases touting the “fake” numbers that purport to show year-over-year growth in EV sales.

Dealers who declined to participate in the alleged ruse were put at a competitive disadvantage, including being forced to push unpopular vehicles or denied wholesale price discounts for customers.

Hyundai “has emphasized…

Continue reading…

You May Also Like

Editor's Pick

In this StockCharts TV video, Mary Ellen recaps last week’s market activity and the factors influencing market movements. She highlights two names, PANW and ADSK,...

Editor's Pick

Colleen Hroncich and Jamie Buckland Educational freedom is expanding. Last week, Louisiana became the seventeenth state to enact education savings accounts (ESAs), which allow parents...

Editor's Pick

The markets consolidated throughout the past week; the week was a shortened one with Monday, June 17th being a holiday on account of Bakri...

Editor's Pick

In this edition of StockCharts TV‘s The Final Bar, Dave highlights technical analysis takeaways for NVDA, ENPH, PNR, GLD, and Bitcoin. He also breaks down the...