Wednesday, January 18, 2017

Hyundai-Kia to spend $3.1B in U.S. over 5 years

Via Billy


Hyundai Motor Co. and affiliate Kia Motors Corp. said they will spend $3.1 billion in the U.S. in the next five years, joining other vehicle manufacturers in announcing investment plans amid threats from President-elect Donald Trump of higher levies on auto imports from Mexico.

The planned U.S. investment by South Korea’s two largest automakers is about 50 percent more than the $2.1 billion they spent in the previous five-year period, Hyundai Motor President Chung Jin-haeng told reporters in Seoul on Tuesday. The group is considering building a new factory in the U.S. and may produce Hyundai Motor’s upscale Genesis vehicles and a U.S.-specific SUV in the country, said the executive, who also oversees the strategic planning for Kia.


  1. But how much has the US invested into hyundai and kia over the past 25 years?

    1. The U.S. has "invested" the profits that Hyundai and Kia have made doing business in the States. They wouldn't be selling cars as a favor to the U.S. economy.