Posted on 01/17/2017 2:01:24 PM PST by 2ndDivisionVet
SEOUL--Hyundai Motor Co. (005380.SE) said Tuesday it will invest as much as $3.1 billion in its existing U.S. manufacturing facilities, and is considering a new plant in the world's most profitable auto market that would help to create thousands of new jobs.
The South Korean automotive group, which includes affiliate Kia Motors Corp., said it will spend the money over the next five years on research and development of new technologies such as autonomous vehicles and on upgrading existing facilities.
"The U.S. market is crucial to our success as a global auto maker. We will continue to expand our presence in the key market. Our investment will also help the U.S. efforts to create more jobs," Hyundai Motor President Chung Jin-haeng told a group of foreign media reporters.
The statement comes as auto makers face pressure from the incoming U.S. administration to manufacture more vehicles in the U.S....
(Excerpt) Read more at marketwatch.com ...
You know, nothing was stopping Obama, Bush, Clinton or any other president from doing this.
Their Religious belief of man made Global Warming and the desire to have Power and Control over their fellow man.
That BASTARD Trump just can’t do anything right! In these last few days of his waning Pre-Presidency, this comes across as a pathetically desperate move! /sarc
So. Much. Winning. But, nope. Not even close to being tired of it. Bring it on.
Every time Trump tweets a thousand Americans get a job.
Exactly right.
I haven’t been this optimistic in decades.
If the Trump administration’s attitude catches on to the states, we’re talking prosperity as far as the eye can see.
I own two Hyundai Sonatas made in Montgomery, Alabama and they are great cars.
I’m just waiting for the media and/or the DNC to trot out the line of reasoning that Trump doing all this is a racist attempt to show up Bambi.
Every new job means a restaurant has new customers, dealers are selling cars, more carts are rolling at the supermarkets, retail outlets are hiring...etc etc...It's a snowball.
And all those jobs means new money is also going into the government coffers....whittling away that ridiculous debt...
Being of partial German ancestry, I refuse to even consider buying a car manufactured by a company whose very name evokes genocide against all of the people from Germany!... Remember their name is Hun Die!
Yea, no a career at McDonalds jobs!
These jobs ARE coming back!™
KIA is no better. Killed In Action.
“Their Religious belief of man made Global Warming and the desire to have Power and Control over their fellow man”
In case of GWB, his religion is free trade above all. Any America first idea is Isolationism, anti sematic and Nazi.
No we have to just get their lazy butts off video games and the couch and out of da hood and working.
Trash talking Americans thrat have lived thru a 16 year Depression is not very nice at all. I won't tolerate it.
There will be thousands of Tier One supplier jobs created, too.
Correct?
For the other Freepers who may not know: "The word “Hyundai” is the Korean 現代 (“hanja”), which means “modernity.”
There is a wonderful TV special - Discovery channel, I think - about the beginnings of Hyundai. It is an Horatio Alger/Henry Ford/Fred Smith type of story.
If I can find a link, I will post it.
“And all those jobs means new money is also going into the government coffers....whittling away that ridiculous debt...”
If any whitting occurs it will be because Trump gets control of spending, there is no way to increase revenue enough to lower the debt otherwise. This country has spent money like three hundred million VERY drunken sailors for decades.
Yes, I Oh punned the door.
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