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Hyundai Donates $5 Million to Establish the Hyundai College of Education at Savannah State University
Prnewswire· 2025-10-15 19:25
Core Insights - Hyundai has made a transformative $5 million donation to Savannah State University (SSU) to establish the Hyundai College of Education, marking the largest corporate investment in the university's 135-year history [1][2][4]. Group 1: Partnership and Impact - The partnership aims to advance education, workforce development, and community impact in Georgia's coastal region [1][3]. - The Hyundai College of Education will focus on training future educators and workforce professionals, expanding access to high-quality learning opportunities [3][4]. - This collaboration is part of Hyundai's ongoing investment in Coastal Georgia, where it operates its first dedicated electric vehicle mass-production plant [5]. Group 2: Educational Enhancements - The new college will enhance SSU's legacy of academic excellence and community engagement while aligning with Hyundai's vision for a sustainable and inclusive future [4]. - The transition to the Hyundai College of Education will begin immediately, with new branding and scholarship programs expected to launch in early 2026 [6]. Group 3: Economic Contribution - Hyundai's operations in the U.S. contribute $20.1 billion annually and support 190,000 jobs, highlighting the company's significant economic impact [7].
Hyundai and Genesis Launch Texas Flood Relief Program for Kerrville and Surrounding Communities
Prnewswire· 2025-07-15 18:19
Core Points - Hyundai and Genesis Motor America have initiated a disaster relief program in response to the floods in Texas, including a $150,000 donation and support for affected residents and first responders [1][2][3] Group 1: Financial Contributions - The companies are donating $75,000 each to the American Red Cross and the Community Foundation of the Texas Hill Country to assist with emergency response and long-term recovery efforts [2] - A total of $150,000 is allocated for disaster relief initiatives, which includes direct customer relief and collaboration with community partners [1][2] Group 2: Customer Assistance Programs - Hyundai Capital America is offering payment relief options for eligible customers affected by the floods, allowing them to seek hardship support [3][4] - A $1,000 assistance program is available for current Hyundai owners whose vehicles were damaged, applicable towards the purchase or lease of new 2025 or 2026 Hyundai models [5][7] - A $2,000 assistance program is available for Genesis vehicle owners under similar conditions, also applicable towards new 2025 or 2026 Genesis models [6][8] Group 3: Extended Roadside Assistance - Extended roadside assistance services are provided for affected Hyundai and Genesis owners, including towing and other support services [10][11] - The extended assistance program is available until September 30, 2025, and includes services such as lockout assistance and battery services [10][11] Group 4: Economic Impact - Hyundai Motor America contributes $20.1 billion annually to the U.S. economy and supports approximately 190,000 jobs [12][13]
Ford sales jump 14% in the second quarter, well above industry forecast
CNBC· 2025-07-01 14:39
Group 1: Ford Sales Performance - Ford sales rose 14.2% during the second quarter compared to the year-earlier period, significantly exceeding the estimated industry increase of 1.4% [1] - New vehicle sales for the second quarter totaled 612,095, driven by gains in F-Series trucks and electrified vehicles [1] - F-Series trucks achieved their best second quarter since 2019, increasing 11.5% to 222,459 units sold [1] Group 2: Electrified Vehicle Sales - Sales of Ford electrified vehicles reached 82,886 during the second quarter, marking a 6.6% increase from 2024 [2] - However, pure EV sales experienced a 31.4% decline, while hybrid sales rose by 23.5% [2] - For the first half of the year, Ford sold a record 156,509 EVs and hybrids, reflecting a 14.7% increase from the same period last year [2] Group 3: Industry Forecasts and Trends - Auto industry forecasters Cox Automotive and Edmunds projected new vehicle sales would increase by 1.7% and 2%, respectively, for the second quarter compared to the previous year [3] - The forecasts were supported by a strong market in April and early May, although June sales were anticipated to be softer [3] Group 4: Market Conditions - Earlier this year, tariffs of 25% on imported vehicles and auto parts were implemented, initially boosting demand from price-sensitive buyers [4] - Analysts predict that the increase in demand may diminish if higher prices persist [4] - South Korean automakers Kia and Hyundai reported their best-ever first-half sales results, with increases of 8% and 10% from a year ago, respectively [4]