Oct. 8, 2025 | GM cancels EV credit extension; Genesis turns 10 with big ambitions

Automotive News

08 October 2025

General Motors cancels its electric vehicle tax credit extension and will offer its own discount instead. Ford faces a $1 billion hit from an aluminum plant fire. Plus, Hyundai Motor’s Genesis brand turns 10 and now aims to make a splash in the luxury high performance segment.