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However, for all of 2022, Ford’s gross sales are down solely 2.7 p.c, versus, 3.5 p.c for Hyundai-Kia and 35 % for American Honda, which posted a 6.1 percent decline in November. U.S. gross sales surged by double-digit percentages for Toyota Motor Corp., Hyundai, Kia, Subaru, Mazda and Volvo final month from a 12 months earlier, with the Hyundai and Kia brands each setting November information. The incentive came into effect this month and can stay in place until the tip of the year, the Coordinating Ministry of Maritime and Investment Affairs stated in an announcement. The Southeast Asian country has been attempting to leverage its nickel reserves, the world’s greatest, to draw funding from battery and EV makers, together with U.S. companies such as Tesla and Ford.

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