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Hyundai Boss Admits Company Doing a ‘Terrible Job’ with EVs in Australia and Here’s Why It Matters in 2025

“We are not doing the job we should be,” says Hyundai’s new Australian CEO as EV rivals zoom ahead, leaving the Korean giant struggling for traction

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Hyundai Boss Admits ‘Terrible Job’ in EV Sales in Australia for 2025
Hyundai CEO Don Romano calls out Hyundai’s ‘terrible job’ in Australia’s EV market amid soaring sales from Tesla and BYD

SYDNEY, AUSTRALIA — In a rare and brutally honest corporate confession, Don Romano, the newly appointed Chief Executive of Hyundai Motor Company Australia, has publicly stated that the company is doing a “terrible job” when it comes to electric vehicle (EV) sales in Australia.

Romano, who previously headed Hyundai in Canada, made the admission while speaking candidly about the brand’s performance in a country where EV sales are rapidly accelerating—just not in Hyundai’s favor. Despite having highly praised electric models like the Hyundai Ioniq 5 and Hyundai Ioniq 6, the company has failed to capitalize on Australia’s growing interest in clean energy vehicles.

Hyundai Boss Admits ‘Terrible Job’ in EV Sales in Australia for 2025

“We do a terrible job with our EVs… We are not doing the job we should be,” Romano admitted. “Our market share of electric vehicles is extremely low relative to our market share of total vehicles.”

The Numbers Speak Louder Than Words

In the first six months of 2025, Hyundai sold just over 500 units combined of its Ioniq 5 and Ioniq 6 models. By contrast, Tesla has firmly cemented its dominance in the Australian EV space. The Tesla Model Y alone sold 10,431 units, while the Model 3 clocked in at 3715 units. Other rising players like BYD, Kia, MG, Geely, and Polestar are also significantly outpacing Hyundai.

Here’s a snapshot of EV sales in the same period:

  • BYD Sealion 7 – 3756 units
  • BYD Seal – 1609 units
  • Kia EV5 – 2765 units
  • MG4 – 2268 units
  • Geely EX5 – 1845 units
  • Polestar 4 – 676 units

Hyundai’s share pales in comparison, despite their EVs being lauded globally for innovation and design.

Hyundai Boss Admits ‘Terrible Job’ in EV Sales in Australia for 2025

“You Are Not Focusing On It”

Romano didn’t mince words when analyzing Hyundai’s struggle in the segment. The problem, he says, isn’t the cars—it’s the lack of focus from the company.

“We haven’t put enough focus on it because I can see other electric car companies that are doing a much better job with their EVs than they do with their ICE [internal combustion engine] vehicles.”

This startling admission comes at a time when the Australian government is aggressively pushing for EV adoption through incentives and infrastructure development. Other manufacturers are already cashing in—but Hyundai is trailing.

From Canada to Crisis: Romano’s Fresh Perspective

Romano’s prior experience in Canada, where Hyundai enjoys a stronger EV foothold, makes his frustration all the more palpable. His move to Hyundai Australia in March 2025 was expected to bring a surge of strategic redirection. But the CEO quickly realized the scale of the challenge.

The disconnect between Hyundai’s global EV aspirations and its underwhelming Australian performance has raised eyebrows across the industry.

Hyundai Boss Admits ‘Terrible Job’ in EV Sales in Australia for 2025

What Went Wrong?

Experts point to several factors behind Hyundai’s slow EV uptake in Australia:

  • Limited supply of EV models allocated to the region
  • Inadequate marketing compared to Tesla and BYD
  • Dealer networks unprepared or unwilling to push EVs
  • Lagging infrastructure support for aftersales and charging
  • Price competitiveness, as rivals like MG and BYD offer cheaper options

The Road Ahead: Ioniq 9 and a New Chapter?

Hyundai is now betting big on the Hyundai Ioniq 9, a luxurious all-electric SUV designed to appeal to families and high-end consumers. The prototype has already turned heads for its spacious design and advanced tech.

But will it be enough to change Hyundai’s EV fortune in Australia? Romano hopes so.

The brand clearly has the technology and design to compete. The Hyundai Ioniq 5 won the 2022 World Car of the Year award, and the Ioniq 6 has been critically acclaimed for its aerodynamic styling and battery range.

What Needs to Change?

Romano’s honest assessment may serve as a wake-up call not just for Hyundai Australia, but for all global carmakers underestimating the Australian EV market.

Australia is no longer a “wait and watch” market—it’s a land of opportunity for EVs. And if Hyundai doesn’t catch up, others will happily fill the gap.

As Romano concludes, “We have ground to make up.”

And make up they must—before the window closes.

For more news Visit www.DailyGlobalDiary.com

Automobile

“VW Makes a Bold U-Turn… Why the Iconic Scout Is Returning as Hybrids, Not EVs”

In a surprising industry shift, Volkswagen revives its legendary Scout brand with hybrid powertrains — as U.S. consumers turn away from fully electric cars.

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VW Revives Scout With Hybrid Power: A Bold Shift Ahead of 2027 Launch
Volkswagen revives its iconic Scout brand with rugged hybrid SUVs and trucks, marking a major shift in its U.S. strategy.

For the last several years, major automakers have been racing toward an all-electric future. But in a twist few insiders saw coming, Volkswagen (VW) — one of the world’s largest carmakers — is rewriting its own EV playbook.

The company has decided to revive its classic Scout line not as futuristic electric vehicles, but as rugged, long-range gas-electric hybrids. And if early demand is any measure, the American market is applauding the move louder than anyone expected.

A Comeback Rooted in Consumer Truth

According to Scott Keogh — the CEO of Scout Motors — more than eight out of ten reservation holders chose the plug-in hybrid or extended-range versions instead of pure EVs.

“The market clearly has spoken,” Keogh said during an interview, adding that the hybrid can deliver up to 500 miles on a tank while eliminating typical “EV drama” such as range anxiety or charger shortages.

Keogh, whose professional profile appears on , emphasizes that these buyers don’t want to abandon electrification — they simply want a version that fits American road realities.

Why VW Pivoted Away from Pure EVs

VW acquired Scout when it bought Navistar (the successor to International Harvester, Scout’s original parent) back in 2021. The revival was initially planned as a fully electric rebirth — inspired in part by Ford’s successful comeback with the Bronco SUV.

But with EV demand dipping sharply in the United States — especially after former U.S. President Donald Trump vowed to eliminate the $7,500 EV tax credit, calling it the “EV mandate” — the landscape shifted fast.

scout traveler 2024 05 min 1400x933.jpg Daily Global Diary - Authentic Global News


Meanwhile, sales of large gasoline SUVs surged, and automakers like General Motors, Stellantis, and Ford scaled back ambitious electric truck plans. Even Tesla’s Cybertruck, despite global hype, has struggled to attract mainstream pickup buyers due to towing-range concerns.

By late 2024, VW realized the writing was on the wall: the Scout revival needed to match the American market’s real sentiment, not its projected one.

What the New Scout Lineup Looks Like

Scout plans to launch two flagship models in 2027:

  • Scout Traveler (SUV)
  • Scout Terra (pickup truck)

Both are expected to start at around $60,000 — and Keogh insists that the company will not slash this price, even without the EV tax credit.

“We’re not dropping $7,500 off the price,” he said confidently. “We don’t need to.”

The strategy appears to be working: Scout has already received more than 130,000 non-binding reservations, with 73% preferring the SUV.

Could the Pickup Truck Be Canceled?

Interestingly, Keogh didn’t rule out cancelling the Terra pickup if the hybrid truck segment weakens further — a move similar to what Ford is reportedly considering with the F-150 Lightning, as reported by The Wall Street Journal.

“That’s something we could look at,” he admitted. “But not now.”

Audi May Join the Story

The upcoming $2 billion Scout factory in South Carolina may eventually produce vehicles for Audi, VW’s luxury brand. Audi’s CEO has hinted at a U.S.-centric SUV — with reports suggesting it might share the Scout platform.

Scout Traveler Daily Global Diary - Authentic Global News


Keogh neither confirmed nor denied this:
“We’re capable of building for other brands… but Audi would have to answer that.”

Trump’s ‘America First’ Strategy Accidentally Boosted Scout

Ironically, while Trump’s policy shift is hurting other EV makers, it may strengthen Scout’s “Made in America” narrative.

Scout recently announced a $300 million supplier park in South Carolina, reinforcing its Americana identity. Keogh says the tax credit loss only affects Scout for four years and cannot determine the company’s “50-year decision.”

“You don’t build a brand based on money that may or may not exist,” he said.

A Return to Its Roots

Scout hasn’t rolled off an assembly line since 1980. With its revival set for 2027 — this time as a hybrid symbol of American outdoor culture — VW is hoping nostalgia, practicality, and a changing political environment will fuel one of its biggest U.S. comebacks.

Whether consumers embrace the new Scout the way they once cherished the original remains to be seen — but the early numbers suggest VW is finally speaking the language the American market wants to hear.

For more Update ; DALIY GLOBAL DIARY

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Elon Musk’s $1 Trillion Tesla Pay Deal Sparks Outrage: “He Has the Board Wrapped Around His Finger…”

As Tesla’s record-breaking compensation plan for Elon Musk stirs global debate, critics call it a “corporate capture” while supporters hail it as visionary reward for unmatched innovation.

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Elon Musk’s $1 Trillion Tesla Pay Deal Sparks Outrage — “He Has the Board Wrapped Around His Finger”
Elon Musk dances with a Tesla Optimus robot during the company’s annual shareholder meeting, moments before unveiling his $1 trillion pay deal.

It was anything but a typical corporate meeting.
On November 6, Elon Musk — the larger-than-life CEO of Tesla, SpaceX, and X — stormed the stage to a funk soundtrack, dancing beside one of Tesla’s Optimus humanoid robots. “Most shareholder meetings are snooze fests,” Musk quipped, “but ours are bangers.”

Behind the theatrics, however, lies a corporate controversy shaking Wall Street: Tesla’s $1 trillion pay deal for Musk — the largest compensation package ever proposed to a CEO in modern history.

A Billion-Dollar Question: Reward or Power Play?

The plan, initially approved years ago and now revived in new form, ties Musk’s earnings to Tesla’s market performance and profitability. In theory, it aligns his incentives with shareholders. In practice, critics argue it demonstrates something far more troubling — what governance experts are calling “corporate capture.”

According to financial analysts, Tesla’s board — composed largely of Musk loyalists and long-time associates — has effectively surrendered oversight to its chief. A report by The Financial Times described the dynamic bluntly:

106261274 1574442599483rtx7a0ls Daily Global Diary - Authentic Global News


“Tesla’s board no longer checks Musk’s power — it amplifies it.”

Even The Economist noted that Musk now wields “near-monarchical control” over a publicly traded company, with little resistance to his personal decisions, tweets, or strategic whims.

Investors Divided Over the ‘Musk Empire’

To Musk’s fans, this trillion-dollar pay plan is simply the cost of brilliance. Under his leadership, Tesla became the world’s most valuable automaker, revolutionized electric mobility, and forced legacy carmakers like Ford and General Motors to follow suit.

“Elon Musk has created industries where none existed,” said one venture capitalist on LinkedIn, arguing that such vision deserves an equally extraordinary reward.

But others see it as reckless hero-worship. Corporate watchdogs warn that Tesla’s governance structure risks becoming a “cult of personality” rather than a responsibly managed enterprise. “Tesla is now more Elon than company,” wrote governance expert Lucian Bebchuk from Harvard Law School. “That’s dangerous for shareholders and for capitalism itself.”

Dancing with Robots, Dodging Oversight

Musk’s flair for spectacle — whether launching rockets, trolling competitors on X, or performing at shareholder events — often blurs the line between leadership and showmanship. His latest performance with a robot wasn’t just viral marketing; it was a symbolic reminder of who controls the stage, both literally and figuratively.

Behind the applause, however, investors and regulators are quietly asking: At what point does innovation turn into unchecked dominance?

The Bigger Picture: Corporate Power in the 21st Century

The Musk pay saga isn’t just about one man’s paycheck. It represents a broader trend in modern capitalism — where founders and tech visionaries command immense influence over boards meant to hold them accountable.

Tesla CEO Elon Musk Daily Global Diary - Authentic Global News


As Jeff Bezos, Mark Zuckerberg, and Tim Cook steer trillion-dollar corporations, the balance between innovation and oversight continues to erode. Musk’s trillion-dollar deal, critics say, is simply the most extreme example yet.

The Verdict: “A Banger” or a Boardroom Warning?

For now, Musk remains unfazed. “The shareholders voted. The people have spoken,” he declared with a grin, as applause filled the hall. Yet, beyond the cheers and flashing cameras, the unease lingers.

Is Elon Musk a genius pushing humanity forward — or a corporate emperor rewriting the rules of accountability?

Only time, and Tesla’s next earnings report, will tell.

For more Update http://www.dailyglobaldiary.com

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The 2026 Cadillac Celestiq Just Got Even Pricier — Here’s Why It Costs Over $400,000 Now

General Motors’ ultra-luxury electric sedan, the Cadillac Celestiq, is getting a massive $60,000 price hike for 2026, with new features and exclusive updates meant to cement its status as America’s answer to Rolls-Royce.

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Cadillac Celestiq Price Soars Past $400,000 for 2026 — Here’s What’s New
The 2026 Cadillac Celestiq – GM’s handcrafted luxury EV masterpiece, now starting above $400,000, combines technology, elegance, and exclusivity.

The Cadillac Celestiq, the most luxurious and hand-built model ever produced by General Motors (GM), is about to become even more exclusive. As per a report by Automotive News, the 2026 edition of the Celestiq will now start in the low $400,000 range, marking a steep $60,000 increase over the 2025 version’s $340,000 base price.

A Price Tag That Matches Its Ambition

Cadillac says the price hike reflects the inclusion of the smart glass panoramic roof as standard, along with eight years of connected services. These updates aim to position the Celestiq not just as a car, but as a rolling expression of design, technology, and craftsmanship.

While the figure might sound staggering, Cadillac insists this EV isn’t just transportation — it’s a statement of what American engineering can achieve. “No two Celestiqs will ever be alike,” said a GM executive, referencing the bespoke personalization process that lets buyers hand-pick every inch of the car’s design — from custom paint finishes to hand-stitched interiors and even 3D-printed components.

cropped orange cadillac celestiq on country road Daily Global Diary - Authentic Global News


The Most Technologically Advanced Cadillac Ever

Under its sculpted body, the Celestiq rides on GM’s Ultium Platform — the same electric foundation used in vehicles like the GMC Hummer EV. Its dual-motor setup delivers a staggering 655 horsepower and 640 lb-ft of torque, allowing it to hit 0–60 mph in just 3.7 seconds in Velocity Max mode.

The sedan also features Magnetic Ride Control 4.0, adaptive air suspension, four-wheel steering, and Super Cruise, GM’s semi-autonomous driving system. Inside, you’ll find a pillar-to-pillar HD display, a 38-speaker AKG Studio Reference audio system, and even heated armrests — because why shouldn’t your elbows be as comfortable as the rest of you?

Exclusivity at Its Core

The 2026 Celestiq will continue to be built at the GM Global Technical Center in Warren, Michigan, in extremely limited quantities. Cadillac confirmed that all 25 units of the 2025 model have already been sold, and production for 2026 will remain just as restricted.

Unlike mass-market EVs from Tesla, the Celestiq isn’t meant to dominate sales charts. Instead, it serves as a halo product, showcasing Cadillac’s ultimate potential in electric luxury — a handcrafted rival to the Rolls-Royce Spectre and Bentley Flying Spur.

What Makes It Worth the Money

Every Celestiq undergoes a meticulous artisan-led build process that takes hundreds of hours per unit. Each car can be customized to reflect its owner’s personality — a reflection of Cadillac’s renewed philosophy of “Artful Obsession”.

Owners also receive a dedicated concierge from Cadillac’s bespoke division, ensuring a seamless design-to-delivery experience — something usually reserved for ultra-high-end European marques.

imgi 53 24 cadillac celestiq specs l Daily Global Diary - Authentic Global News


The Bigger Picture

The Celestiq’s steep new pricing signals Cadillac’s confidence in its luxury EV direction. While Mary Barra, GM’s CEO, continues to emphasize an “all-electric future,” the Celestiq stands as a symbol that sustainability and opulence can indeed coexist — at a price, of course.

IMAGE CAPTION:
The 2026 Cadillac Celestiq – GM’s handcrafted luxury EV masterpiece, now starting above $400,000, combines technology, elegance, and exclusivity.

For more Update http://www.dailyglobaldiary.com

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