Hyundai is expected to outsell Ford for the first time in the third quarter with 511,421 units versus Ford's 504,172, making Hyundai the third best-selling automaker in the U.S. behind GM and Toyota. Detroit automakers Ford and GM are hampered by limited hybrid vehicle offerings as the hybrid market grows amid high gas prices, while Toyota narrows its sales gap with GM and could overtake it for annual sales leadership.
Nintendo is running a Customer Appreciation Sale with 30% discounts on Switch games and accessories through September 26. Physical games are in limited stock, with most $59.99 titles dropping to $41.99 and premium titles to $48.99, representing some of the lowest prices outside of Black Friday.
Hyundai Motor is expected to outsell Ford in third-quarter U.S. sales for the first time, with forecasts showing Hyundai gaining 6.5% year-over-year while Ford declines 7.1%, making Hyundai the third-largest automaker behind GM and Toyota. Detroit automakers are hampered by limited hybrid offerings as the market shifts toward fuel-efficient vehicles amid high gas prices and production challenges.
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Darden Restaurants missed analyst expectations for quarterly earnings and revenue, with earnings per share at $2.05 versus $2.06 expected and revenue at $3.20 billion versus $3.21 billion expected, as same-store sales growth at its flagship Olive Garden chain slowed to 1.1%. The company's stock fell 5% in premarket trading, though LongHorn Steakhouse emerged as the portfolio's top performer with 6.2% same-store sales growth.