Auto industry
Kia plans about $2.2B for its Gwangju complex through 2029
Kia says it will invest about $2.2B (₩3 trillion) at AutoLand Gwangju through 2029 to modernize production, expand electrified-vehicle output and test autonomous-driving technology. The plan was announced Nov. 6 alongside an agreement with the regional government, Chonnam National University and the Gwangju Institute of Science and Technology to trial purpose-built vehicles (PBVs), including autonomous shuttles and remote driving of a wheelchair-accessible PV5, per Kia's Korean-language release. Link
The other stories from Monday, November 9, 2026.
Mazda holds its profit target as the new CX-5 lifts sales
Mazda reported record first-half (April–September) net sales of $17.07B (¥2,688.1B), up 20%, and operating income of $375M (¥59.1B), compared with a $342M (¥53.9B) loss a year earlier.
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Mitsubishi Motors lowers its full-year outlook
Mitsubishi cut its forecast for the fiscal year ending March 2027 to $445M (¥70B) in operating profit, down from $572M (¥90B), and to $18.80B (¥2,960B) in net sales, down from $20.70B (¥3,260B).
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Wholesale used values edge up in October
The Manheim Used Vehicle Value Index rose to 206.8 in October, up 0.5% from September and 2% from a year earlier after adjusting for mix, mileage and season; unadjusted prices were up 0.3% year over year.
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Bank auto-loan rates move back up in Q3
The average commercial-bank rate on a 60-month new-car loan was 7.54% in the third quarter (August survey), up from 7.14% in Q2 but a little below 7.64% a year earlier; the 72-month rate was 7.17%.
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Car-loan interest deduction rules take effect today
The IRS's final regulations on the new deduction for qualifying car-loan interest (T.D. 10054) are effective Nov. 9, per the Federal Register; they also set reporting duties for businesses that receive $600 or more of that interest from…
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Car-Mart's lender relief runs through today
America's Car-Mart's limited waiver and temporary relief from minimum-liquidity and collateral-coverage requirements, from lenders led by Silver Point Finance, runs through Nov. 9 under the extension disclosed in its Nov. 5 8-K.
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