CEO Carlos Tavares also said the company expected sales to be up or stable in its other major markets in 2022 and reiterated a forecast for a positive cash flow at the end of this year.
The same 10 lenders from 2020 led their peers in new car loan market share last year, according to Experian. Carvana shook up the used-vehicle leaderboard.
The new plant will be part of Hyundai Motor Group’s $7.4 billion investment plan for the U.S. to produce EVs, upgrade factories and develop smart mobility technologies.