Capitalism/Free Market

WOW! Hyundai Will Invest $3B Into Its American Facilities; Possible New Plant!

Are you tired of good news because it’s coming fast and furious now? Does anyone remember if Barack Obama had this before he took office?

Earlier this morning we informed you how GM and Walmart were investing back into America and now we see Hyundai is willing to do the same. Even though the South Korean company is foreign-based, they admit the U.S. market is crucial to its success, and they are willing to make the investment.

This continues the good news happening before President-elect Donald Trump takes office and the drowning of the fake news by a media trying to tank his poll numbers before he sits down in the Oval Office.

From MarketWatch:

Hyundai Motor Co. (005380.SE) said Tuesday it will invest as much as $3.1 billion in its existing U.S. manufacturing facilities, and is considering a new plant in the world’s most profitable auto market that would help to create thousands of new jobs.

The South Korean automotive group, which includes affiliate Kia Motors Corp., said it will spend the money over the next five years on research and development of new technologies such as autonomous vehicles and on upgrading existing facilities.

“The U.S. market is crucial to our success as a global auto maker. We will continue to expand our presence in the key market. Our investment will also help the U.S. efforts to create more jobs,” Hyundai Motor President Chung Jin-haeng told a group of foreign media reporters.

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