rmc523 Posted January 17, 2017 Share Posted January 17, 2017 http://www.autoblog.com/2017/01/17/hyundai-kia-us-investment/ Hyundai and Kia announced this morning a plan to invest $3.1 billion into its US facilities over the next five years. According to Automotive News, the new investment is a 50-percent increase over what Korea's two largest automakers have brought to the US in the last five years.The automakers already have several large-scale manufacturing bases in the US, but the new investment could bring another plant into the fold. There is the possibility of producing a Genesis product in the US or building a new plant for a US-specific crossover....Not all of the new money will go toward building new plants. Hyundai and Kia could simply expand the already busy plants in Montgomery, AL, and West Point, GA. Beyond that. The automakers could further their research into electric and autonomous vehicles.... As with all of the recent announcements, Hyundai and Kia stated that Trump's upcoming presidency played no part in the decision to reinvest in the US. More at the link above. Quote Link to comment Share on other sites More sharing options...
blwnsmoke Posted January 17, 2017 Share Posted January 17, 2017 I don't believe the last part. I don't believe all these companies are doing it as one big coincidence. 1 Quote Link to comment Share on other sites More sharing options...
silvrsvt Posted January 17, 2017 Share Posted January 17, 2017 I don't believe the last part. I don't believe all these companies are doing it as one big coincidence. Or its just the press playing it up so it seems like it is? Quote Link to comment Share on other sites More sharing options...
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