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Hyundai's Major Investment in U.S. Manufacturing
2025-03-25 05:40:12
USA
Automotive
Business

Hyundai's Major Investment in U.S. Manufacturing

Image used under license from Shutterstock.com

Hyundai has announced a significant investment of $21 billion in U.S. manufacturing, which includes the construction of a $5.8 billion steel plant in Louisiana. This venture is expected to create 1,300 jobs and aims to strengthen the automotive supply chain in the United States.

The initiative aligns with U.S. President Donald Trump's strategy to encourage domestic production and mitigate tariffs.

By manufacturing steel and vehicles in the U.S., Hyundai seeks to reduce costs and enhance its competitive edge against other automakers. This investment reflects a broader trend among companies responding to tariff pressures, showcasing a commitment to American job creation and economic growth.

The press radar on this topic:

East Asia - South China Morning Post
24. März 2025 um 20:16

Hyundai announces new US$21 billion investment in US manufacturing

Hyundai has announced a $21 billion investment in US manufacturing, including a $5.8 billion steel plant in Louisiana that will create 1,300 American jobs. The move aims to establish a self-reliant and secure automotive supply chain in the US. This comes amid US President Donald Trump's efforts to encourage companies to relocate manufacturing jobs from overseas, following his return to power in January.
New York Times - Business
25. März 2025 um 18:27

Hyundai to Invest $21 Billion in U.S. in Bid to Avoid Trump’s Tariffs

Hyundai Motor is investing $21 billion in the US to expand manufacturing and avoid potential tariffs under President Trump's policies. The investment includes a $5.8 billion steel factory in Louisiana, creating 1,300 jobs. Hyundai already has significant investments in the US, including electric vehicle production in Georgia and Alabama, which benefit from government subsidies. By investing in US factories, Hyundai aims to reduce its costs from tariffs and gain a competitive advantage over riv..
n-tv.de
24. März 2025 um 20:26

In the coming years: Hyundai plans billion-dollar investment in the US - n-tv.de

The South Korean car manufacturer Hyundai plans to invest billions of dollars in the United States, including $5.8 billion for a new steel plant in the state of Louisiana. US President Trump sees this as a success of his tariffs, as Hyundai can now produce its steel in America and manufacture its cars in America to avoid paying tariffs. The company expects a halving of its revenue growth after a profit decline in the fourth quarter of this year.
AFP
25. März 2025 um 04:07

Hyundai to Invest More Than 21 Billion Dollars in the USA

Hyundai plans to invest more than 21 billion dollars in the USA over the next four years, as announced by CEO Eui Sun Chung at a press conference with US President Donald Trump. A significant part of the investments includes the construction of a new steel plant in Louisiana, which is expected to cost 5.8 billion dollars and create around 1300 jobs. Chung explained that this would lay the foundation for a safer automotive supply chain in the USA. Trump described the investments as proof of the..
CW

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