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 ...
I would much rather drive a Killed In Action than a Big Monkey Works car.
Exactly right.
Trump opens the door.
Any minute now Mexico will start whining.
They should have wrote the Wall check a long time ago.
At this rate the only cars that will be built in Mexico are the Tata and Yugo.
“You know, nothing was stopping Obama, Bush, Clinton or any other president from doing this.”
Those men were all too wedded to the standard way of doing things and were manipulated by the media. Trump tells the media where to put it and get the hell out of the way.
I bought a Sonata last year and it is a fantastic car in every respect. Initially Hyundai’s styling sucked and it was therefore ugly. Now they look great and performs like you want a car to. It is the quietest engine I have ever owned, ticks like a watch.
When I was stationed in Korea so many years ago the taxis were all Hyundai Pony models. Still had a choke on the dashboard, but seemed to be an okay, if small car. It wasn’t until about 10 years that they started selling them here.
And earlier posting, different source, same topic...
http://www.freerepublic.com/focus/f-news/3514755/posts
Hyundai Highlights US Spending Plan Before Trump Inaugurated ^
A choke, we had an old panel Chevy with a choke about 1954 make. We used it to pick up and deliver tvs.
Obama-Bush-Clinton-Bush were globalists. They didn’t really want the US to succeed. They wanted the US to be a little piece of a big world puzzle.
“That BASTARD Trump just cant do anything right! In these last few days of his waning Pre-Presidency, this comes across as a pathetically desperate move! /sarc
“
I know! Such suckups!
My wife has been driving a Santa Fe for 9 years... I have a 5 year old Hyundai Genesis. We both LOVE our cars.
She’s probably going to get a new one soon... not sure what kind.
Damned Trump!!! How dare he hurt America by bringing these jobs back! Doesn’t he know what a terrible trade war he is creating! Doesn’t he know how jobs hurt Americans because we all won’t have time to go do other things and will work instead!
Never mind this. What did Trump say today?
Here ya go! Open a new tab in Firefox , go to options, use current pages, and presto!
Every day you will receive his tweets.
Rather like a modern day fireside chat, if you will.
A belated THANK YOU to whoever posted this ink originally. I’m very grateful, just to let you know.
https://twitter.com/realdonaldtrump
Dude I think you know who I am talking about here. There are those that want to work but cant find a good job, then there are those that I am speaking of that think if they can’t make 100k a year, have 4 weeks of paid vacation then they aren’t gonna do anything or work for da man. I’ve lived thru this crap and worked thru it, whatever was available but some folks get paid more on govt. assistance than they do working. There needs to be jobs, training AND govt assistance reform, big league. And a little personal needs vs wants reforms.
I can’t take this winning! Bigley too I might add.
Trump is proving that every globalist claim that it was impossible to stop multinational corps from shipping jobs overseas was a lie. Multinational corps will toe the line the second they think they are going to lose access to the US market. Our financial and political class have been strip mining America and selling us out to the globalist to enrich themselves for the last 30 years and now the scam is over.
And the Federal Government has been working overtime creating fiat money to pay for the social costs of an idled workforce. Buying votes with monopoly money taking advantage of the situation. It is lose-lose all the way around.
Hyundai just completed a new US Hq. office facility in Fountain Valley CA next to the 405 Freeway.
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