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Author Topic: Hyundai to invest $20B in US manufacturing  (Read 6469 times)

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Online mystery-ak

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Hyundai to invest $20B in US manufacturing
« on: March 24, 2025, 03:35:38 pm »
Hyundai to invest $20B in US manufacturing
Story by Daniella Genovese

Hyundai plans to invest $20 billion to bring manufacturing operations to the U.S., a White House official confirmed to FOX Business.

Part of the investment from the South Korean automaker will go toward building a next-generation steel plant. The materials will be used in two of its U.S. plants and will employ 1,500 people. The rest of the money will be earmarked to expand manufacturing in the U.S.

The automaker is the latest among a growing number of companies announcing plans to increase investment in the U.S. under the Trump administration, which has been using tariffs to encourage companies to bring manufacturing back to American soil and reduce reliance on foreign goods.

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https://www.msn.com/en-us/money/companies/hyundai-to-invest-20b-in-us-manufacturing/ar-AA1Bzb4A?ocid=BingNewsVerp
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Offline libertybele

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Re: Hyundai to invest $20B in US manufacturing
« Reply #1 on: March 24, 2025, 03:55:51 pm »
Another positive.
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Online mountaineer

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Re: Hyundai to invest $20B in US manufacturing
« Reply #2 on: March 24, 2025, 06:13:57 pm »
A steel mill near me used to employ 13,000. Now it's closed. If you think that pretty much destroyed the town, you'd be right.
It sure would be nice to see steel being produced in our country again.
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Offline IsailedawayfromFR

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Re: Hyundai to invest $20B in US manufacturing
« Reply #3 on: March 24, 2025, 10:48:25 pm »
This is a win-win.

We get more money to land here, more steel, more jobs and more tax revenues.

And these will be directed more toward blue collar jobs and rural areas.

All here in USA.
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Offline roamer_1

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Re: Hyundai to invest $20B in US manufacturing
« Reply #4 on: March 24, 2025, 11:00:20 pm »
A promise to pay you on Tuesday for a hamburger today...  :whistle:

And y'all credit such promises?
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