Hyundai, Trump unveil $20B US investment days before Bryan County plant grand opening
- Hyundai will invest $21 billion in the U.S., with $5.8 billion focused on manufacturing, as announced by President Donald Trump.
- A new steel factory in Louisiana will produce over 2.7 million metric tons of steel annually and create more than 1,400 jobs, according to Trump.
- Hyundai plans to enhance U.S. Automobile production and create over 100,000 job opportunities by 2028, as reported by Hyundai Motor Group.
- White House Press Secretary Karoline Leavitt stated that the investment is a result of Trump's economic policies, stating that there will be more investments, more jobs, and more money in the pockets of hardworking Americans.
22 Articles
22 Articles
South Korea’s Hyundai follows Foxconn’s playbook to woo Trump, unveils $21 bn US investment
Following the steps of Foxconn and others, South Korean giant Hyundai has announced a $21 billion investment plan for the United States in an apparent move to safeguard against US President Donald Trump's tariffs
Trump celebrates effect of his tariffs: Hyundai will invest 5,8 thousand mdd in Louisiana steel plant
Hyundai Motor Co.’s shares rose after South Korean car manufacturer revealed plans to make a record $21 billion investment in the United States to alleviate the risks of President Donald Trump’s threats to impose radical tariffs. The shares rose to 7.5 percent in the first Tuesday operations in Seoul, the biggest intraday gain in more than seven months. His subsidiary Kia Corp. advanced up to 4.3 percent, while LG Energy Solution Ltd., Hyundai’s…
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