Hyundai Motor Co. $HYMTF, South Korea’s leading automaker, is set to raise retail prices for its entire range of vehicles in the United States. This strategic maneuver comes as the company seeks to cushion the financial strain from newly imposed tariffs by the US administration. According to sources familiar with internal deliberations, Hyundai aims to increase the manufacturer’s suggested retail price (MSRP) by approximately 1% for every model, a change expected to take effect next week. Notably, this adjustment will impact only new units entering the US market, with existing dealer inventory remaining unaffected.

Infineon Technologies AG, a leading global semiconductor manufacturer, has announced the signing of an agreement to purchase the automotive networking division of Marvell Technology Inc. for $2.5 billion in cash. This acquisition is poised to significantly impact Infineon's business, especially in the context of technological shifts in the automotive sector, including the transition to self-driving cars.