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👩⚖️ 💰Hyundai Capital America will pay a $6m civil fine and $13.2m in consumer restitutions. The US Consumer Financial Protection Bureau found the company reported inaccurate information 8.7m over 4 years ending in March 2020. The inaccurate information led to lowered customer credit scores, which the regulator says Hyundai knew about and did not fix.
🚀 🌘Set back but still blasting off. Approaching the anniversary of the first drive on the moon, Hyundai and Kia announced a collaboration with a group of research institutes to develop mobility solutions for the moon - or you could say, space cars. The six collaborating Korean organizations represent a range of expertise, from atomic energy to civil engineering. No specific goal or timeline has been announced. The practical implications for advancing vehicle technology and human exploration are usually open-ended pursuits.
TL:DR — A high-ranking S. Korean-based auto park maker is pulling a divide and conquer, while SK Group, the 2nd largest individually controlled S. Korean conglomerate, invests in safe chargers for apartment buildings. Each move feels like an investment in being key players in the global shift toward electrification.
