Hyperdrive
Hyundai’s Record April Aided by Chip Strategy, COO Munoz Says
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Hyundai Motor Co. and Toyota Motor Co. kept ordering semiconductors last year even after the pandemic crushed auto sales. Both were rewarded with record April deliveries.
South Korea’s Hyundai sold 77,523 units last month, up 128% from a year ago. The Japanese auto giant’s U.S. sales grew 183% to 239,311 vehicles, including the Toyota and Lexus brands.