South Korea's Hyundai Motor Group said on Monday that it has signed a memorandum of understanding with Posco Holdings for cooperation on a U.S. steel plant.
South Korea's government has announced emergency support measures for the country's auto sector to help ease the impact of U.S. President Trump's tariffs.
Hyundai Motor is keeping sticker prices on its current model lineup steady for the next two months, the company said Friday, in an effort to ease shoppers' concerns that fallout from tariffs will affect dealer lots.
Jose Munoz, co-CEO of Hyundai Motor , said on Thursday there were no plans to raise prices in the United States at this time in response to U.S. tariffs.
Hyundai warns US dealers of possible price hikes amid 25% tariffs
Hyundai celebrated the grand opening of its "Metaplant" in Georgia this week, and the automaker's first-ever, three-row electric SUV is being produced there.
South Korea's Kia Corp plans to produce hybrid vehicles at its affiliate Hyundai Motor's new U.S. factory starting in mid-2026 as it seeks to meet growing demand, Kia's chief executive said without disclosing the models.
The CEO of Hyundai Motor Company weighed in on the automaker's $21 billion investment in the US during a Wednesday appearance on 'The Claman Countdown'
CNBC's Phil LeBeau reports on the grand opening of Hyundai's Metaplant in Bryan County, Georgia amid its U.S. manufacturing push.
CNBC's Phil LeBeau joins 'Squawk on the Street' to discuss Hyundai's new Georgia plant manufacturing U.S. autos.
President Trump discusses a new steel plant in Louisiana, which is part of Hyundai's $21 billion U.S. investment, which is set to hire more than 1,400 employees and will produce next-generation steel.
The carmaker said it would invest an additional $21 billion in U.S.-based car manufacturing and supply chains for critical materials.