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Passages

(2,418 posts) Mon Mar 24, 2025, 10:52 AM Mar 24

South Korea's Hyundai to announce $20 billion U.S. investment

Published Mon, Mar 24 2025 8:03 AM EDT
Updated 52 Min Ago
Seema Mody@SeemaCNBC

KEY POINTS
South Korean conglomerate Hyundai will announce a $20 billion investment in U.S. onshoring.
The investment is expected to be announced Monday at the White House by President Donald Trump, Hyundai Chairman Euisun Chung and Louisiana Gov. Jeff Landry.
A new steel plant in Louisiana, which is part of the investment, is set to hire roughly 1,500 employees and will produce next-generation steel that will be used by Hyundai's two U.S. auto plants to manufacture electric vehicles.
https://www.cnbc.com/amp/2025/03/24/south-korea-hyundai-us-investment.html

3 replies

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South Korea's Hyundai to announce $20 billion U.S. investment (Original Post) Passages Mar 24 OP

Trump supporting EV factories? Think. Again. Mar 24 #1

You'd also think President Musk would disapprove of the competition from Hyundai AZJonnie Mar 24 #2

And how many millions/billions are going to TSF personal acct. for the "privilege" to build the plant in the US.. mitch96 Mar 24 #3

Think. Again.

(22,330 posts)

1. Trump supporting EV factories?

Reply to Passages (Original post)

Mon Mar 24, 2025, 01:29 PM

Mar 24

I'm surprised Saudi Arabia doesn't Khashoggi him.

AZJonnie

(613 posts)

2. You'd also think President Musk would disapprove of the competition from Hyundai

Reply to Think. Again. (Reply #1)

Mon Mar 24, 2025, 02:13 PM

Mar 24

Maybe some of the steel processed by this new Hyundai plant will be sold to other manufacturers? Or maybe it's bullshit and will never happen, like most of these types of announcements turned out during Trump's first term.

mitch96

(15,091 posts)

3. And how many millions/billions are going to TSF personal acct. for the "privilege" to build the plant in the US..