Syracuse Auto Dealers Association

The carmaker’s stock has skyrocketed almost 600 percent this year, in part on expectations it could join the S&P 500 Index -- it will on Dec. 21 -- and also helped by the fifth consecutive quarter of profit posted in October.

The automaker has previously stated that it wants half of its global sales to be full-electric models by 2025, but it had not set a deadline for when it would stop making vehicles with combustion engines.

The alliance will enable automakers and their suppliers to identify output bottlenecks or parts shortages, helping them to avoid some of the production outages seen earlier this year due to coronavirus lockdowns.

The brand's motorsport unit, employing 169 people, will be folded into the parent company in the coming months.

Discussions about extending the contract of Herbert Diess and his selections for top management posts will continue in the coming days, people familiar with the matter said.

Hyundai said the EV system has been developed to achieve long range, dynamic driving and low energy consumption. Its rear- and all-wheel drive layouts, with wheels pushed to the edges, accommodates a range of body types, from sedans and crossovers to performance cars.

A hearing is scheduled for Dec. 15 to consider a request to move the federal government's tax fraud case against former Reynolds and Reynolds CEO Bob Brockman from California to Texas.

Smith, whose case will move to Mecklenburg County Superior Court in North Carolina, faces charges including felony assault by strangulation.

The Alliance for Automotive Innovation, representing General Motors, Volkswagen, Toyota, Ford and most major automakers, said after a meeting Tuesday that it "looks forward to engaging with the incoming Biden administration."

Sara Whiffen, 47, will begin immediately in the newly created role, reporting to Audi of America President Daniel Weissland, the brand said.