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Guest Message by DevFuse

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Hyundai-Kia Announce $3.1-billion US Investment

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2 replies to this topic

#1 OFFLINE   rmc523


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Posted 17 January 2017 - 11:52 AM



Hyundai and Kia announced this morning a plan to invest $3.1 billion into its US facilities over the next five years. According to Automotive News, the new investment is a 50-percent increase over what Korea's two largest automakers have brought to the US in the last five years.

The automakers already have several large-scale manufacturing bases in the US, but the new investment could bring another plant into the fold. There is the possibility of producing a Genesis product in the US or building a new plant for a US-specific crossover.


Not all of the new money will go toward building new plants. Hyundai and Kia could simply expand the already busy plants in Montgomery, AL, and West Point, GA. Beyond that. The automakers could further their research into electric and autonomous vehicles.


As with all of the recent announcements, Hyundai and Kia stated that Trump's upcoming presidency played no part in the decision to reinvest in the US.


More at the link above.

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#2 OFFLINE   blwnsmoke


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Posted 17 January 2017 - 12:55 PM

I don't believe the last part. I don't believe all these companies are doing it as one big coincidence.
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#3 OFFLINE   silvrsvt


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Posted 17 January 2017 - 04:10 PM

I don't believe the last part. I don't believe all these companies are doing it as one big coincidence.


Or its just the press playing it up so it seems like it is?

"Hell, there are no rules here-- we're trying to accomplish something."
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1986 Escort GT Race Red
1998 Mustang GT Dark Green Satin
2002 SVT Focus Satin Silver
2006 Mustang GT Tungsten Grey

2010 Escape XLT AWD Sport Blue
2013 Taurus SHO Ruby Red

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