Hyundai CEO Points to Europe as Warning for the US Market Opening Up to Chinese Automakers
4 Articles
4 Articles
Hyundai CEO Points to Europe as Warning for the US Market Opening Up to Chinese Automakers
Hyundai chief executive officer has spent enough time around Chinese automakers to know that the competitive gap isn't only theoretical. Jose Munoz previously ran Chinese operations for Nissan, and he now sees Chinese brands making a name for themselves in Europe with a combination of low prices and rapidly improving technology that legacy manufacturers can hardly counter. The lesson Munoz sees in the Old Continent is mostly about pr... (continu…
Hyundai has warned that Chinese automakers could pose a major threat to the US market if import restrictions are lifted. The company’s CEO, José Muñoz, said the US market could face a similar situation to that in Europe and the UK, where Chinese brands have gained ground. Currently, Chinese electric vehicles face high tariffs in the US, which significantly limit their market entry. Concerns have increased after President Donald Trump expressed a…
Hyundai Motor CEO argues in favor of protective tariffs.
Hyundai has warned that the US auto market could face a wave of Chinese vehicles if import barriers are eased, amid Washington's consideration of allowing Chinese automakers to manufacture in the US.
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