Hyundai announces $21bn US investment as Trump tariffs loom
South Korean carmaker plans to create 14,000 full-time jobs and expand links with US firms on tech including AI
South Korea’s Hyundai has said it will make a record $21bn (£16bn) investment in the US, as it attempts to protect itself from the threat of tariffs from Donald Trump.
Hyundai plans to invest $9bn by 2028, creating 14,000 full-time jobs to boost US production capacity to 1.2m vehicles and $6bn to expand strategic partnerships with American companies in autonomous driving, robotics, artificial intelligence, and advanced air mobility, the company said.
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