Financial News

US Dealers Sue Hyundai, Alleging Inflated EV Sales Figures

South Korean automotive giant Hyundai Motors America Corp (HMA) is fielding a lawsuit from a group of Hyundai dealers in the United States that accuse the company of inflating its electric vehicles sales figures. Filed in Chicago federal court by Illinois-based Napleton Aurora and its affiliates, the suit alleges that Hyundai Motors has retaliated against dealerships that refused to inflate their EV sales figures as well.

According to Napleton Aurora Imports and the other franchises that filed the suit, Hyundai Motor pressured vehicle dealers in the U.S. to…

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NOTE TO INVESTORS: The latest news and updates relating to Mullen Automotive Inc. (NASDAQ: MULN) are available in the company’s newsroom at https://ibn.fm/MULN

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