Free Republic
Browse · Search
Bloggers & Personal
Topics · Post Article

Skip to comments.

Hyundai to invest $3.1 billion in U.S. plants (Including new plant, "thousands" of jobs)
Market Watch ^ | January 17, 2017 | In-Soo Nam

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 ...


TOPICS: Business/Economy; Local News
KEYWORDS: economy; hyundai; jobs; trump; win; winning
Navigation: use the links below to view more comments.
first 1-2021-38 next last
You know, nothing was stopping Obama, Bush, Clinton or any other president from doing this.
1 posted on 01/17/2017 2:01:24 PM PST by 2ndDivisionVet
[ Post Reply | Private Reply | View Replies]

To: 2ndDivisionVet

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.


2 posted on 01/17/2017 2:09:57 PM PST by eyeamok (destruction of government records.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: 2ndDivisionVet

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


3 posted on 01/17/2017 2:11:56 PM PST by supremedoctrine ("If you want to be able to predict the future, first you have to create it"---Lincoln)
[ Post Reply | Private Reply | To 1 | View Replies]

To: 2ndDivisionVet

So. Much. Winning. But, nope. Not even close to being tired of it. Bring it on.


4 posted on 01/17/2017 2:13:55 PM PST by Tennessean4Bush (An optimist believes we live in the best of all possible worlds. A pessimist fears this is true.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: 2ndDivisionVet

Every time Trump tweets a thousand Americans get a job.


5 posted on 01/17/2017 2:14:11 PM PST by central_va (I won't be reconstructed and I do not give a damn.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: 2ndDivisionVet

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.


6 posted on 01/17/2017 2:15:25 PM PST by MichaelCorleone (Jesus Christ is not a religion. He's the Truth.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: 2ndDivisionVet

I own two Hyundai Sonatas made in Montgomery, Alabama and they are great cars.


7 posted on 01/17/2017 2:16:06 PM PST by McGruff (#LameDuck)
[ Post Reply | Private Reply | To 1 | View Replies]

To: supremedoctrine

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.


8 posted on 01/17/2017 2:16:53 PM PST by Hoffer Rand (God be greater than the worries in my life, be stronger than the weakness in my mind, be magnified.)
[ Post Reply | Private Reply | To 3 | View Replies]

To: central_va
And they're not service jobs or part time jobs.

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...

9 posted on 01/17/2017 2:23:34 PM PST by Sacajaweau
[ Post Reply | Private Reply | To 5 | View Replies]

To: 2ndDivisionVet; McGruff

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!


10 posted on 01/17/2017 2:24:16 PM PST by GreyFriar (Spearhead - 3rd Armored Division 75-78 & 83-87)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Sacajaweau

Yea, no a career at McDonalds jobs!


11 posted on 01/17/2017 2:25:19 PM PST by Dr. Ursus
[ Post Reply | Private Reply | To 9 | View Replies]

To: Sacajaweau
Trump is the jobs Santa Clause.

These jobs ARE coming back!™

12 posted on 01/17/2017 2:25:31 PM PST by central_va (I won't be reconstructed and I do not give a damn.)
[ Post Reply | Private Reply | To 9 | View Replies]

To: GreyFriar

KIA is no better. Killed In Action.


13 posted on 01/17/2017 2:26:22 PM PST by central_va (I won't be reconstructed and I do not give a damn.)
[ Post Reply | Private Reply | To 10 | View Replies]

To: eyeamok

“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.


14 posted on 01/17/2017 2:37:43 PM PST by Rebel2016
[ Post Reply | Private Reply | To 2 | View Replies]

To: central_va

No we have to just get their lazy butts off video games and the couch and out of da hood and working.


15 posted on 01/17/2017 2:41:05 PM PST by pangaea6
[ Post Reply | Private Reply | To 5 | View Replies]

To: pangaea6
Um, there is price point for every job in the USA. If they low ball they will get what they deserve.

Trash talking Americans thrat have lived thru a 16 year Depression is not very nice at all. I won't tolerate it.

16 posted on 01/17/2017 2:45:55 PM PST by central_va (I won't be reconstructed and I do not give a damn.)
[ Post Reply | Private Reply | To 15 | View Replies]

To: 2ndDivisionVet

There will be thousands of Tier One supplier jobs created, too.


17 posted on 01/17/2017 2:48:29 PM PST by Blood of Tyrants (Conservatives love America for what it is. Liberals hate America for the same reason.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: GreyFriar
Forgive me if my assumption is wrong - your comment was a Great Pun, Hun!

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.

18 posted on 01/17/2017 2:56:06 PM PST by BwanaNdege ("The church ... is not the master or the servant of the state, but the conscience" - Luther)
[ Post Reply | Private Reply | To 10 | View Replies]

To: Sacajaweau

“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.


19 posted on 01/17/2017 2:59:16 PM PST by RipSawyer (At the end of the day...the sun goes down.)
[ Post Reply | Private Reply | To 9 | View Replies]

To: BwanaNdege

Yes, I Oh punned the door.


20 posted on 01/17/2017 2:59:23 PM PST by GreyFriar (Spearhead - 3rd Armored Division 75-78 & 83-87)
[ Post Reply | Private Reply | To 18 | View Replies]


Navigation: use the links below to view more comments.
first 1-2021-38 next last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
Bloggers & Personal
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson