Hyundai News
A quick rundown of the week's top stories as determined by reader interest.
Cracks could soon begin to show as tariffs pile up on manufacturing supply chains, experts warn. The latest salvo in an emerging trade war is a 25 percent import duty levied by the U.S. on all foreign vehicles effective April 2.
Hyundai Motor Group has three plants operating in the U.S., but will continue to stay flexible to navigate uncertainties around auto tariffs.
Ultimately, the $12.6 billion plan here is for 8,500 people to make 300,000 Hyundai, Kia and Genesis EVs and hybrids a year at the plant.
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.
