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Hyundai Highlights US Spending Plan Before Trump Inaugurated
http://abcnews.go.com/Business/wireStory/hyundai-highlights-us-spending-plan-trump-takes-oath-44822146 ^

Posted on 01/17/2017 12:44:31 AM PST by TigerClaws

Hyundai Motor Group said Tuesday it will significantly increase its investment in the U.S. while Donald Trump is president and is considering building a new U.S. factory.

Chung Jin Haeng, a president of the world's fifth-largest automotive group, said Hyundai Motor, Kia Motors and their affiliated companies will spend $3.1 billion by 2021 on research and development and maintaining their factories in Alabama and Georgia.

That represents a 50 percent increase from the $2.1 billion the companies invested in the U.S. in 2012-2016. The increased spending comes mostly from research and development, as the South Korean maker of the Genesis and Tucson invests in artificial intelligence, autonomous driving, environmentally friendly cars and other future technologies.

Chung said Hyundai will study building a new U.S. factory if demand for cars rises during Trump's administration. The new administration's promise to create 1 million jobs and attract new companies could stimulate demand for cars and other products, he said.

"If there is such a sign, we will immediately review (the new plant)," he told reporters. "We won't miss when the time is right."

(Excerpt) Read more at abcnews.go.com ...


TOPICS: Business/Economy
KEYWORDS: trumpwinsagain
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To: TigerClaws

The sweet smell of winning. What a way to start the day.


21 posted on 01/17/2017 3:10:59 AM PST by Lion Den Dan
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To: b4me
how is it making America great again to have foreign companies grow big in USA? Yes it may employ workers but it’s still enriching foreigners all the more.

Perhaps we should invest in the foreign companies that build here so that some of the profits come back to us. I agree with you about American companies, but this may be an option for those who don't want to buy from the UAW.

22 posted on 01/17/2017 3:54:28 AM PST by TwelveOfTwenty (Trump has been producing jobs, while all the left has been producing is excuses for why they lost.)
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To: Original Lurker

“Ford is HUGE in Europe. GM is also”

GM is huge in China as well. It, specifically Buick, has been there since the 1930’s. Thereby, has strong brand recognition there.


23 posted on 01/17/2017 4:01:58 AM PST by snoringbear (E.oGovernment is the Pimp,)
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To: TigerClaws

How long before the leftist agitators start threatening to boycott companies that decide to invest and add jobs in the U.S.?


24 posted on 01/17/2017 4:18:00 AM PST by unlearner (11/8/2016 - a new beginning.)
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To: unlearner

It would be a nice Machiavellian touch to encourage them to do so, much like encouraging DNC leadership to continue marginalizing white people. Yep, that’ll fix it.


25 posted on 01/17/2017 4:21:39 AM PST by RegulatorCountry
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To: TigerClaws

Just leased a 2017 Hyundai Sonata, the third Sonata we have leased.

Wonderful cars and very affordable. Fuel efficient as well.

5 star safety rating.

All we do is change the oil and keep the tires inflated—everything else is warranteed.

Our kids are grown and we have no pets, so we keep a car looking new.

Our car was assembled in Alabama, with about 50% American made components, and 50% South Korean components.

Glad to hear Hyundai plans to expand their investment here.


26 posted on 01/17/2017 4:28:39 AM PST by exit82 (Making America Great Again begins with........me.)
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To: Jmouse007

We have a 2015 Santa Fe Sport. Great car.


27 posted on 01/17/2017 5:28:11 AM PST by ebshumidors
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To: dp0622
"WHY WOULD different cars be made for different countries? And why are we getting the not as good ones?"

There are different government regulations in different countries, different driving conditions, and vastly different economic conditions. European fuel prices, which have historically been near $10 per gallon (mainly due to high taxes) are a huge factor. I am familiar with the GM system, and believe me, they strive for complete technology sharing among all of their design centers.

The "good ones" are good only in the eye of the beholder. This beholder sees no inherent advantage in the European econoboxes. I drive a LOT, all across the US, and stick with high HP V8s and lots of cubic feet of volume. I'll sacrifice the volume, but not the V8 in the Corvettes.

28 posted on 01/17/2017 5:28:59 AM PST by norwaypinesavage (The stone age didn't end because we ran out of stones.)
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To: sushiman
My observation as well during the 14 years I lived there. I had a co-worker who loved American things and owned both a Harley and a Chevrolet, the later of which he used exclusively for weekend outings.

If his experience is typical, as I suspect that it is, you'd have better luck seeing one parked than being driven.

29 posted on 01/17/2017 5:31:18 AM PST by Vigilanteman (ObaMao: Fake America, Fake Messiah, Fake Black man. How many fakes can you fit into one Zer0?)
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To: b4me

They are publicly traded...stock in the company can be bought.

The sad truth of the matter is that traditional ‘US’ car companies are saddled with unions. I don’t think it would go over well if Ford started opening new plants in deep south right to work states - their unions would strike.

So when a foreign company like Hyundai makes an investment in this country and hires workers, I’m ‘ok’ with that. That’s actually the model used in the industrial revolution, with lots of foreign investment driving our industry.


30 posted on 01/17/2017 6:21:01 AM PST by lacrew
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To: TigerClaws
How deplorable...

Do I need a /s? :-)

31 posted on 01/17/2017 3:12:56 PM PST by Deplorable American1776 (Proud to be a DeplorableAmerican with a Deplorable Family...even the dog is DEPLORABLE :-))
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