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News Wire / economy

Hyundai Commits $26 Billion to US Investment

Bloomberg Radio Seoul 16d15d Impact 5
Hyundai CEO Jose Munoz announced a commitment to invest $26 billion in the United States over the next four years. This follows a previous investment of $20.4 billion made during the last four-year period. The automaker currently builds approximately 50% of its US vehicle volume domestically. The remaining half is imported at a 15% tariff rate. The company is reportedly focusing on expanding its premium vehicle segment in the US market. Currently, approximately 50% of Hyundai vehicles sold in the U.S. The move is intended to protect profit margins against uneven electric vehicle demand and tariff costs. The automaker is currently expanding its presence by pushing the premium Genesis brand, hybrids, and SUVs. Domestic production is being utilized to mitigate the 15% tariff rate applied to imported models.

Topics

automotive investment manufacturing

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Sources · 7 independent

Bloomberg Radio

“We have made a big commitment to invest $26 billion in the next four years, and this is after $20.4 billion that we have invested in the last four years.”

1010 WINS NYC

“We have made a big commitment to invest $26 billion in the next four years, and this is after $20.4 billion that we have invested in the last four years.”

Bloomberg Radio

“We have made a big commitment to invest $26 billion in the next four years. This is after $20.4 billion we have invested.”

KYW Newsradio 1060

“We have made a big commitment to invest $26 billion in the next four years. And this is after $20.4 billion that we have invested in the last four years”

WTOP Washington DC

“Hyundai CEO Jose Munoz spoke to Bloomberg. We have made a big commitment to invest $26 billion in the next four years.”

WTOP Washington DC

“We have made a big commitment to invest $26 billion in the next four years and this is after $20.4 billion that we have invested”

1010 WINS NYC

“Recently, Hyundai CEO Jose Munoz spoke to Bloomberg. We have made a big commitment to invest $26 billion in the next four years.”

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