Hyundai Motor Group has pledged $21 billion in new investments in the United States over the next three years — its largest-ever commitment there — as the carmaker seeks to navigate the Trump administration’s intensified tariff policies.
“A key part of this commitment is our $6 billion investment to strengthen the US supply chain, from steel and parts to automobiles,” Hyundai Motor Group Executive Chair Chung Euisun said after being introduced to the podium by US President Donald Trump at the White House on Monday.
“We are especially excited about Hyundai Steel’s multibillion investment in a new facility in Louisiana, which will create 1,300 American jobs and serve as the foundation for a more self-reliant and secure automotive supply chain in the US.”
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