Hyundai News
Hyundai Motor Group is spending $6 billion on a U.S.-based steel mill as part of a larger $21 billion investment to expand production capacity, localize its supply chain and strengthen partnerships with key innovation companies.
Perhaps Hyundai Chairman Euisun Chung signaled an effective way to deal with tariff uncertainty by offering the White House something certain: More U.S. jobs and investments.
Hyundai plans to spend about $21 billion in the U.S. through 2028 to increase vehicle production and on other projects expected to create about 14,000 direct jobs, Bloomberg reported.
Such arrangements could kick off a broader partnership as the companies, two of the world’s largest automakers, hold wide-ranging discussions, Reuters reported.
The theme of this year's conference is “Empowering Women to Drive the Future of Automotive."
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.
Genesis Motor America hired Circana executive Amy Marentic as its new CMO as Hyundai’s luxury brand looks to continue sales momentum and market share gains.
IIHS' 2025 safety ranking was dominated by import brands, with Mazda taking home eight awards, more than any other single brand.
Dealership buyers such as CAR Group, Castle Automotive Group and Georgica Auto Holdings acquired dealerships in the latest transactions tracked by Automotive News.
The Government of Canada expects automakers to honour commitments; Hyundai Canada has a new CEO; and PowerCo’s battery plant said to be “on schedule.” Plus, outgoing Hyundai Canada CEO Don Romano reflects on his time in Canada, has advice for his replacement, and talks about the current state of the brand.
