AutoGear
  • Latest News
  • AutoGear TV
  • Sustainable Mobility
  • Motorsports
    • Circuits
    • Rally
    • Rally raid
    • WEC
  • English
    • Português
    • Italiano
    • Français
    • Español
    • English
    • Deutsch
    • 日本語
  • STANDINGS
No Result
View All Result
AutoGear
  • Latest News
  • AutoGear TV
  • Sustainable Mobility
  • Motorsports
    • Circuits
    • Rally
    • Rally raid
    • WEC
  • English
    • Português
    • Italiano
    • Français
    • Español
    • English
    • Deutsch
    • 日本語
  • STANDINGS
No Result
View All Result
AutoGear

Hyundai will invest around €20 million in the USA.

Publisher by Publisher
March 25, 2025
in Latest News
Reading Time: 2 mins read
0
Fábricas da Hyundai na Rússia retomam produção em janeiro com novo proprietário

The president of Hyundai announced that the group will invest $21 billion (approximately €19.4 billion) in the U.S. over the next four years, including €5.8 billion in a steel plant in Louisiana.

The announcement was made by Chung Eui-sun alongside U.S. President Donald Trump, following a meeting that also included the governor of Louisiana. The CEO of Hyundai Motor indicated that the group is proud to be “a stronger partner in America’s industrial future” and invited Trump to personally visit one of its factories and see “firsthand” its commitment to the country and its workers.

Chung Eui-sun highlighted that this is the largest investment by the South Korean brand in the U.S. to date, having invested around $20 billion (almost €18.4 billion) since its arrival in the country in 1986. Furthermore, the new Hyundai factory in Louisiana will create approximately 1,300 jobs.

“All these efforts will accelerate the localization of our supply chain in the U.S., expand our operations, and increase our American workforce”, said the CEO of the South Korean automotive group, as reported by the agency “EFE“.

“This investment shows that tariffs work well, and I hope that other aspects will work as well. Hyundai will produce steel in the U.S. and manufacture its cars in the U.S., so it will not have to pay tariffs. As you know, there are no tariffs if the products are made in the United States,” said U.S. President Donald Trump.

Tags: Chung Eui-sunDonald TrumpEFEEUAFábricaHyundaiLuisianaPresidente executivo
Share212Tweet133Send

Related Posts

Carta de condução (e não só…) com novas regras europeias
Latest News

Driving license (and not only…) with new European rules.

Following a proposal initially presented by the European Commission in March 2023, the European Parliament has just approved a set...

by Redação
October 23, 2025
Mercedes 500SL de 1982: “quarentão” com apenas 67 km
Latest News

1982 Mercedes 500SL: A “forty-something” with only 67 km.

A SLSHOP, Avon’s company specialized in classic Mercedes automobiles, has discovered, in the United Kingdom, a unique specimen of the...

by Redação
October 22, 2025
Motores V8 da BMW com recorde de vendas em 2024
Latest News

“BMW V8 engines with record sales in 2024”

The pace of electrification does not slow down, regardless of more setbacks than advances in sales. But internal combustion engines...

by Redação
October 22, 2025
Marcas de automóveis mais valiosas do mundo: topo do ranking mantém-se… mas com perda de valor
Latest News

Most valuable car brands in the world: the top of the ranking remains… but with a loss of value.

The 2025 report on the 100 most valuable brands in the world, published by the American consultancy Interbrand for 26...

by Redação
October 21, 2025

Recent News

Novo Alpine A110 em 2027: afinal também pode ser híbrido

New Alpine A110 in 2027: it could also be hybrid after all.

October 23, 2025
Škoda Superb 2.0 TDI recordista: 2831 km com um único depósito de gasóleo

Škoda Superb 2.0 TDI record holder: 2831 km on a single tank of diesel.

October 23, 2025
Elfyn Evans Faces Unpredictable Battle for WRC Glory Despite 13-Point Lead as Season Climaxes

Elfyn Evans Faces Unpredictable Battle for WRC Glory Despite 13-Point Lead as Season Climaxes

October 23, 2025
Fernando Alonso Shatters Max Verstappen’s Title Hype: The Shocking Truth Revealed!

Fernando Alonso Shatters Max Verstappen’s Title Hype: The Shocking Truth Revealed!

October 23, 2025

Newsletter

  • PRIVACY POLICY
  • TECHNICAL INFORMATION
  • EDITORIAL STATUS
  • TERMS AND CONDITIONS

© 2023 AutoGear - Todos os direitos reservados AutoGear.

No Result
View All Result
  • Latest News
  • AutoGear TV
  • Sustainable Mobility
  • Motorsports
    • Circuits
    • Rally
    • Rally raid
    • WEC
  • English
    • Português
    • Italiano
    • Français
    • Español
    • English
    • Deutsch
    • 日本語

© 2023 AutoGear - Todos os direitos reservados AutoGear.