Fisker Project Pear, Acura TLX Type S, Hyundai $7.4B US investment: Today’s Car News

Fisker has teamed up with Foxconn, the Taiwanese contract manufacturer famous for making iPhones for Apple, to jointly develop an affordable, mass-produced electric vehicle for worldwide sale. The EV will cost less than $30,000 when it arrives in 2023, and will be built at a plant in the United States.

Acura’s new TLX Type S will serve as the official pace car at this weekend’s Mid-Ohio round of the 2021 WeatherTech Sports Car Championship. It will then race into showrooms by the end of this month, with Acura previously hinting at a starting price in the low-$50,000 bracket.

Hyundai Motor Group, responsible for the Hyundai, Genesis and Kia brands, plans major U.S. investments spanning everything from EVs to self-driving cars and flying taxis. The bulk of the investment will go toward building EVs in the U.S. starting from 2022.

You’ll find these stories and more in today’s car news, right here at Motor Authority.

Project Pear: Fisker and Foxconn to build sub-$30,000 EV in US

2021 Acura TLX Type S to make public debut as pace car

Hyundai announces $7.4B investment in US for EV production, future mobility

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