South Korean automaker Hyundai announced a roughly $21 billion manufacturing investment in the U.S. The plan was announced by Hyundai executives at the White House Monday with President Trump and Louisiana Gov. Jeff Landry. As part of the investment, Hyundai is expected to build a $5.8 billion steel plant in Louisiana.
President Trump is joined by Governor Jeff Landry and Hyundai Chairman Chung Euisun to announce a multi-billion dollar investment in Louisiana by the South Korean automaker. The president also previewed that he may give some countries a break on incoming tariffs while doubling down on new tariffs on lumber, cars and chips.
South Korean auto giant Hyundai on Monday announced a multi-billion-dollar investment in the United States, including a new $5.8 billion steel plant.
Korean automaker Hyundai is the latest to announce plans to boost investment in the U.S. to ramp up domestic manufacturing. It is the latest in a growing number of companies to do so.
South Korean automaker Hyundai reportedly is set to announce a $20 billion manufacturing investment in the U.S. today. Various reports said the plan will be spelled out by executives in a White House ceremony Monday afternoon with President Trump and Louisiana Gov. Jeff Landry.
Hyundai is set to announce a $20 billion investment in the United States to expand its manufacturing footprint, according to a CNBC report citing sources with knowledge of the matter. The South Korean auto manufacturer is reportedly planning to invest $5 billion in the construction of a steel plant in Louisiana.
CNBC's Seema Mody joins 'Squawk Box' with the latest news from Hyundai.
South Korean conglomerate Hyundai will announce a $20 billion investment in U.S. onshoring. The investment is expected to be announced Monday at the White House by President Donald Trump, Hyundai Chairman Euisun Chung and Louisiana Gov.
Hyundai Motor and General Motors are close to finalizing a deal for Hyundai to share two electric commercial van models with the U.S. auto giant, according to a source familiar with the talks and Hyundai documents reviewed by Reuters.
Vehicle thefts in the United States recorded their biggest yearly drop in four decades as automakers, mainly Hyundai and Kia, bolstered anti-theft measures, while easing supply chain constraints made stealing vehicles for parts less lucrative.
Hyundai Motor Company and Avride have agreed to jointly develop autonomous vehicles in a tie up that will deepen the relationship between the two companies.
Avride has partnered with Hyundai Motor Co to expand its fleet of robotaxis, and signed a deal with the South Korean automaker to jointly develop and operate self-driving vehicles, the companies said on Wednesday.