Hyundai, Kia Plan to Boost American Auto Production to Avoid Trump Tariffs

[mystery-ak]

Hyundai, Kia Plan to Boost American Auto Production to Avoid Trump Tariffs

Sean Moran 20 Feb 2025

Hyundai Motor and Kia aim to boost American automobile production to avoid President Donald Trump’s planned 25 percent auto tariff, according to a report.

Trump on Tuesday said the tariff rates on auto imports will be “in the neighborhood of 25 percent,” with more details to come in early April.

He noted that he will give auto manufacturers time to avoid the tariff.

“If they have a plant and factory here, there will be no tariff,” the 47th president remarked.

Both automakers aim to boost domestic production of vehicles by 70 percent with the use of their massive plant in Georgia, which will open in March.

Koo Za-yoong, executive vice president of investor relations at Hyundai, when asked in January about how the company would respond to Trump’s tariffs, said, “It may take some time but our ultimate goal is localizing production to minimize the influence of the tariff threat.”

more
https://www.breitbart.com/politics/2025/02/20/hyundai-kia-plan-to-boost-american-auto-production-to-avoid-trump-tariffs/

[IsailedawayfromFR]

That's the idea.

And Ford and GMC get the hell out of Mexico to make cars for US delivery

[libertybele]

Another positive -- bringing back production to the U.S.