The company «Hyundai Motor» announced plans to invest $ 3.1 billion in already existing production capacity of the United States. The automaker also is considering the construction of a new plant at the world’s most profitable auto market. This could create conditions for work about 1 thousand Venture News.
Note, the South Korean autogroup includes a branch of the «Kia Motors Corp». She is going to spend money in the next 5 years for the development of new technologies and scientific research in the field of Autonomous vehicles and upgrade existing ones.
The American market is a priority for the success of the company. D. Heng, the President of «Hyundai Motor», announced that it plans to continue to expand the company’s presence in key market.
Currently, Hyundai has a plant in Montgomery (Alabama), Kia opens plant in Georgia. On the market USA plan to visit several famous companies, but one of them is in the leading position, is still not clear. Judging by the size of the investment the most likely leader see «Hyundai Motor», but it will depend on the efficiency of work and demand of the product in terms of the ongoing economic crisis.
Experts believe that such plans were the result of growing pressure on automakers from the U.S. government, which wants to increase car production in the territory of their country.
17 Jan largest automaker in the United States – General Motors announced plans to invest about $1 billion in its U.S. plants.
At the same time, the company Ford decided not to build a new Assembly plant in Mexico costing $1.6 billion Instead, Ford will invest us $ 700 million. in a plant in Michigan that will be created with hybrid cars and electric vehicles.
Previously, «Toyota Motor» has intensified its efforts to enter the us market. In particular, the company plans to invest billions of dollars over the next few years.
Similar statements sounded and representatives of «Fiat Chrysler Automobiles», which is going to invest $ 1 billion in two plants of the USA that will allow to create 2 thousand jobs.
We will remind, during election campaign Donald trump threatened increase in taxes for automobile companies, which place their facilities outside of the United States.
Automotive giants, in anticipation of trump rushed to build factories in the U.S. 18.01.2017