Hyundai Motor Group signed a $4.2 billion deal with EUKOR car carriers to expand vehicle exports for its Hyundai and Kia brands.
EUKOR’s billion-dollar deal with Hyundai Motor Group extends the pair’s partnership from three to five years. It also increases the car carrier company’s Hyundai and Kia exports from 40% to 50%.
EUKOR’s CEO Xavier Leroi commented that the car carrier company’s contract with Hyundai was a “historic milestone.” According to Wilhelmsen CEO Lasse Cristoffersen, the deal confirms EUKOR’s strong position in South Korea. It also adds more export volumes from China.
Hyundai holds 20% ownership of EUKOR. The South Korean car company expanded its vehicle export business in 2024. In September, its logistics company—Hyundai Glovis Co.— signed a Memorandum of Understanding with China’s top automaker BYD. In 2021, Tesla signed a $422 million contract with Hyundai Glovis.


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News
Tesla Model Y tops Norway sales despite low Q1 delivery results
The new Model Y ended March as Norway’s top-selling vehicle for the month, with 1,819 units sold.

Tesla did not meet delivery expectations in the first quarter of 2025, and a huge reason behind this was the changeover to the new Model Y in Giga Texas, the Fremont Factory, Giga Shanghai, and Giga Berlin.
Despite Tesla’s disappointing Q1 vehicle delivery results, the new Model Y still made a significant impact in key markets such as Norway.
The new Model Y’s Norway Comeback
While sales of the new Model Y in January and February were low in Norway, the vehicle saw a lot of momentum as soon as deliveries of the updated all-electric crossover started. This resulted in the new Model Y ending March 2025 as Norway’s top-selling vehicle for the month, with 1,819 units sold.
Over the course of Q1 2025, Tesla was able to sell a total of 2,792 Model Y units. That was enough to also make the all-electric crossover Norway’s best-selling vehicle in the first quarter. This is quite an impressive feat for Tesla, especially since sales were throttled during the quarter due to the company’s changeover to the new Model Y.

Tesla in Other European Markets
Tesla’s results in Europe during the first quarter were a mixed bag. In Germany alone, Tesla saw 4,935 vehicles sold in Q1 2025. As per the German road traffic agency KBA, Tesla’s sales in March dropped 42.5% to 2,229 units year-over-year. This was despite overall EV registrations rising 35.3% during the month.
In Italy, new vehicle registrations rebounded 51% in March from the previous year to 2,217 units, as per data from the Transport Ministry. This is still quite impressive considering that Tesla has become a very polarizing carmaker in Europe, thanks in no small part to CEO Elon Musk’s politics and close relation to U.S. President Donald Trump.
News
Elon Musk will continue as DOGE adviser: VP Vance
A recent Politico report claimed that U.S. President Trump had informed his Cabinet that Elon Musk would soon be returning to his businesses.

Recent reports have suggested that Elon Musk will soon be departing his work with the Trump administration’s Department of Government Efficiency (DOGE).
As per recent comments from U.S. Vice President JD Vance, however, these reports are untrue.
The Claims
In a recent report, Politico claimed that U.S. President Donald Trump had informed his Cabinet that Elon Musk would soon be leaving. The publication claimed that while Trump was pleased with Musk and DOGE, both men have reportedly decided in recent days that it will soon be time for the Tesla CEO to return to his businesses.
Citing a senior administration official, Politico also noted that Musk will still likely retain an informal role as an adviser. Musk’s departure will reportedly correspond to the end of his time as a special government employee, which is expected to expire in late May to early June, the publication claimed, citing insiders.
The Response
In response to the Politico report, the White House noted on Wednesday that Elon Musk would be staying on with DOGE until the department’s work is completed. This was highlighted by White House Press Secretary Karoline Leavitt, who noted that “Elon Musk and President Trump have both publicly stated that Elon will depart from public service as a special government employee when his incredible work at DOGE is complete.” Musk also noted in a post on social media platform X that the report was “fake news.”
What VP Vance Says
In a conversation with Fox News, Vice President Vance also stated that the recent reports were erroneous. Similar to the comments of the White House Press Secretary, Vance noted that while Musk took on the challenge of shrinking the bureaucracy, he will still continue as an advisor to the administration.
“That report I saw was total fake news. Elon came in and we said, ‘We need you to make government more efficient. We need you to shrink the incredible, vast bureaucracy that thwarts the will of the American people but also costs way too much money.’ We said that’s gonna take about six months, and that’s what Elon’s signed up for. But of course, he’s gonna continue to be an advisor,” Vance stated.
News
Tesla Giga Texas is ramping production of new Model Y non-Launch series
The vehicles were equipped with a regular “Dual Motor” badge instead of the Launch Series badge on their rear.

The rollout of the new Model Y throttled Tesla’s production and deliveries in the first quarter, as noted by the electric car maker in its Q1 2025 vehicle production and delivery report.
Based on recent images from Giga Texas, however, it appears that the ramp of the revamped all-electric crossover is progressing very well.
New Model Y Non-Launch Series
When Tesla started taking orders for the new Model Y in the United States, only the Launch Series edition was available. The Model Y Launch Series features a special rear lift gate badge, puddle light badge, doorsill plate wordmark, charging console wordmark, premium textile trim, and vegan suede for vehicles ordered with a black interior. They also came with Full Self-Driving (Supervised) and Acceleration Boost.
The new Model Y Launch Series is available for $59,990, making it quite pricey over inventory units of the Model Y classic. A look at Tesla’s order page for the new Model Y in the United States shows that the Launch Series is still the only trim that is available for order, at least as of writing.
New Sightings
As per images shared online by longtime Giga Texas watcher and drone operator Joe Tegtmeyer, Tesla seems to have started the production ramp of new Model Y’s non-Launch Series vehicles. This could be seen in several new Model Y units that were sighted in the Giga Texas complex.
As could be seen in the images, the vehicles were equipped with a regular “Dual Motor” badge instead of the Launch Series badge on their rear. Interestingly enough, the non-Launch Series new Model Y units all seemed to be equipped with black interior. This is similar to the Launch Series, which is also only available with black interior in the United States. While Tesla has not explained why it has started producing non-Launch Series units of the new Model Y, speculations suggest that regular deliveries of the vehicle may start soon.
Tesla announced in its Q1 2025 vehicle production and delivery report that a total of 323,800 Model 3 and Model Y vehicles were sold in the first quarter. With Giga Texas now producing non-Launch Series units of the new Model Y, there seems to be a good chance that Tesla could see a notable recovery in vehicle deliveries this Q2 2025.
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