Trump touts major Hyundai investment in US, including Louisiana steel plant
South Korean automaker Hyundai announced Monday that it will invest $20 billion in the US, including a new steel plant in Louisiana. President Trump promoted the news at the White House, celebrating the November election victory and the aggressive use of tariffs to target imports. “This investment is a clear demonstration that tariffs work very […]
Hyundai to invest billions to bring manufacturing operations to US
The “Big Money Show” panel discusses President Donald Trump's plan to bring manufacturing back to America. Hyundai plans to invest $20 billion to bring manufacturing operations to the US. Part of the investment from South Korean automakers will be directed towards the construction of next-generation steel factories. The material is used in two plants in […]
Hyundai plans fresh $20 billion investment in US, including new Louisiana steel plant, as tariff threats loom
Hyundai plans to make a fresh $2 billion investment in the US, including a new Louisiana steel factory, becoming the latest major foreign company and moving more operations into the US to avoid looming tariffs. The South Korean automaker is planning to build a $5.8 billion factory near Donaldsonville, with the new facility being set […]
Hyundai, Kia Plan to Boost American Auto Production to Avoid Trump Tariffs
Hyundai Motor Company and KIA aim to boost American car production in order to avoid the 25% automobile fare planned by President Donald Trump. Tuesday's Trump I said The tariff rate for automobile imports is “nearly 25%”, with details written in early April. He pointed out that he gives the car manufacturer time to avoid […]
Texas man uses 3-month-old baby to wipe snow off Hyundai in TikTok video
According to reports, Texas men may suffer from criminal accusations after wiping snow from the car, using a baby in a real life like Ragdor, wiping the snow. The survey was held after the shocking clip became brighter. According to what is conveyed, in just three months, both hands are two -way to wipe the […]
Musk-Trump relationship not a 'concern': Hyundai CEO
Hyundai CEO Jose Muñoz said he is not concerned about President-elect Trump's relationship with Tesla CEO Elon Musk. Rather, Muñoz said in an interview with Bloomberg that he believes a closer relationship between the two countries could be beneficial, especially for the U.S. auto industry as it seeks to compete with China and the burgeoning […]
Hyundai, Kia recall over 200K electric cars over power issues
Hyundai Motor Co. and Kia Motors Corp. announced this week that they are recalling more than 200,000 electric vehicles due to a loss of drive power, which increases the risk of crashes, according to the National Highway Traffic Safety Administration (NHTSA). Hyundai's recall includes more than 145,000 vehicles, including select IONIQ 5 and IONIQ 6 […]
Hyundai recalls nearly 50K SUVs across US over issue that could affect airbag
See what’s clicking on FoxBusiness.com More than 49,700 Hyundai Santa Fe and Santa Fe HEV sports utility vehicles (SUVs) are being recalled in the United States for an issue that may affect the functioning of airbags. The recalled SUVs, all of which are 2024 model years, are due to a problem with the main floor […]
Class-action lawsuit: Kia and Hyundai owners have 13 days to claim compensation
In 13 days, certain Kia and Hyundai owners will find out if they’ll receive a portion of the auto companies’ undisclosed settlement to resolve claims that some vehicles from model years 2010 to 2020 suffer from a defect. The defect is related to the engine’s connecting rod bearing. This bearing can fail, causing engine seizure, stalling, engine failure, and […]
US accuses Hyundai, suppliers of using child labor
The Department of Labor has filed a complaint accusing the Hyundai plant and two Alabama companies of illegally employing children. The Department’s Wage and Hour Division We conducted a survey to study It turns out that the 13-year-old was working 50 to 60 hours a week on an assembly line operating machines that turned sheet […]