Hyundai Motor Company CEO talks automaker’s $21 billion US investment

Hyundai Motor Company CEO JOSE MUNOZ appeared on Wednesday “Claman Countdown“Where did he talk about the newly announced mass investment in Hyundai Motor Group in the US

His appearance on the show came on the same day when the automaker mentioned his official opening for that Hyundai Motor Group Metaplant America (HMGMA) near Savannah, Georgia and only days Hyundai It was revealed that in the next few years he will put $ 21 million to promote production in the United States

“We open the so-called HMGMA Metaplant America, which consists of $ 12.6 billion. It is one collection factory with a capacity of 300,000, which I announced today for two batteries. “And as you point out, immediately before the interview, our Executive Chairman Mr. Cheng stated by the President of the United States, President Trump, which we plan to invest $ 21 billion in Louisian projects.

The Hyundai logo is displayed at the New York International Auto Show in 2018. On March 28, Jacob K. At the Jav Convention Center (Druze / Getty Images / Getty Images)

Hijei will invest $ 9 million on Monday to $ 9 billion to bring $ 1.2 million to the annual use of the annual US car, as well as 6 billion dollars for autonomous driving and robotics.

Hyundai will invest $ 20 in US production

Munosi’s appearance on “Kaman count” also came before President Donald Trump Later on Wednesday, he will set a new tariff on imported vehicles.

Hyundai Motor said CEO that the company “made a big decision to invest in the preliminary trumpet” of the preliminary trumpet “in America”.

In the United States, Hyundai’s first meeting and production plant is right outside of Montgomery, Alabama (Carol M. Highsmith / BuyenLarge / Getty Images / Getty Images)

“America is the largest market for us, and we decided to make the world’s largest investment for $ 12.6 billion,” he said. “There is nothing better than the localization of our production in America to solve possible tariffs.”

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“Many people do not know that we are really a great corporation that not only produces cars, but also steel and many other things,” Munoz continued. “And with all these new investments we have announced on Monday, we generally bring about 670,000 jobs, direct and indirect. This is massive. ”

He said vehicles That Hyundai will produce in its Savana, Georgia’s factory, “they will probably not have to pay tariffs.”

President Trump announces new car tariffs

The cars are the most recent companies in the United States to increase investments in the United States under the Trump administration, which uses tariffs to encourage American lands and relies on foreign products and relies on foreign products.

Washington, DC – On January 21, US President Donald Trump asked the journalist at a press conference in the White House Rozert room in Washington, Washington in Washington. Trump announced an investment intellect investment (Andrew Werad / Getty Images / Getty Images)

After launching the Trump, he carried out tariffs, including 20% ​​of goods imported to the United States from China. In Mexico and Canada, they also hit tariffs, but Trump later excepts exceptions to the goods under the United States-Mexican-Canada agreement for those two countries until April.

The import of steel and aluminum is also subject to new tariffs.

Daniella Genovese contributed to this report.