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Hyundai News - Latest Updates & Headlines

Suppliers scramble to respond to looming US auto parts tariffs

Seoul, April 11: South Korean auto parts suppliers are scrambling to respond to new US tariffs on imported vehicles and automotive parts, industry insiders said on Friday, arguing the tariffs not only pose a serious challenge to automakers, including local industry leader Hyundai Motor Group, but also threaten to disrupt the broader industry supply chain.

Hyundai Motor to freeze vehicle prices in US through early June

Seoul, April 5: Hyundai Motor will freeze prices of all new vehicles sold in the United States through early June, a move aimed at easing consumer concerns over rising costs following Washington's imposing of 25 per cent duties on all imported vehicles, the automaker's American subsidiary said.

South Korea to hold emergency meeting on US auto tariffs

Seoul, March 27: The government will hold an emergency meeting with local automotive companies on Thursday to discuss the possible impact of the US administration's plan to start imposing auto tariffs next week, the industry ministry said.

Trump announces Hyundai's USD 5.8 billion US Steel investment

Washington, DC, March 25: US President Donald Trump, alongside the Governor of Louisiana, announced on Monday that Hyundai will be investing USD 5.8 billion in American manufacturing, including the construction of a steel plant in Louisiana that will produce over 2.7 million metric tons of steel annually and create more than 1,400 jobs, in an official White House briefing earlier today.

Hyundai, Kia to surpass 30 mn cumulative sales in US this year

Seoul, March 24: South Korea's largest automotive giant Hyundai Motor Group is set to reach a major milestone of 30 million cumulative vehicle sales in the United States this year, continuing its steady growth in the key overseas market, the company said on Monday.

Hyundai to double down on US production with new EV plant

Seoul, March 21: Hyundai Motor Group is accelerating efforts to expand its production footprint in the United States, amid US President Donald Trump's continued call for foreign companies to manufacture in the country to do business there, according to industry observers on Friday.

Hyundai has big plans for EV exports from India

New Delhi, March 5: India will play a key role as a manufacturing hub in achieving Hyundai Motor Company's aim of selling 20 lakh electric vehicles in the global market by 2030, according to the company's president and CEO Jose Munoz.

Hyundai, Kia post record sales in US in February

Seoul, March 2: Hyundai Motor, South Korea's top automaker, saw its sales in the United States climb 3 per cent from a year ago in February, marking its biggest sales for the month, the company said on Sunday.