Hyundai Motor Company President and CEO Jose Munoz responded to the anticipated auto industry tariff on ‘The Claman Countdown’.
Hyundai Motor Company CEO Jose Munoz appeared on Wednesday “The Claman Countdown“Where he talked about Hyundai Motor Group’s massive investment in America in the US
His presence in the show came on the same day when the automaker marked the official grand opening for it. Hyundai Motor Group Metaplant America (HMGMA) near Savannah, Georgia and a few days later Hyundai It turned out
He said, “We are opening the so -called HMGMA metaplant America, including $ 12.6 billion. It is an assembly plant with a capacity of 300,000 that I announced today that it is going to get 500,000 and two battery plants.” “And as you said, just before starting the interview, our Executive Chairman, Mr. Chung announced to the United States President, President Trump that we are now planning to invest $ 21 billion in several mega projects including the new Electric Arch Furnace Plant in Louisiana and 2028.”
Hyundai logo New York International Auto Show, Jacob in New York City on March 28, 2018. Displaying at Jevits Convention Center (Drew Anger / Getty Image / Getty Images)
The new $ 21 million invested by Hyundai on Monday, $ 9 billion to bring its annual US production capacity for 1.2 million vehicles, “Autonomous driving and robotics will include more” collaboration “in future industries and $ 6 billion for $ 6 billion, which, according to the company, for the energy infrastructure and energy, for the wealth.
Hyundai to invest $ 20B in American manufacturing
Munose’s presence on “The Claman Countdown” also came before President Donald Trump Later on Wednesday, he said that he would put a new tariff on imported vehicles.
The CEO of the Hyundai Motor Company told Claman that the company “took a major decision to invest in the US during the former Trump administration”.
Hyundai First Assembly and Manufacturing Plant Montgomery in the United States, Alabama is just outside :
“America is the largest market for us, and we then decided to make the largest investment in the world with $ 12.6 billion,” he said. “There is nothing better to address a potential tariff than to make our production local in the US, bringing jobs.”
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Munoz said, “Many people do not know that we are actually a large corporation that produces not only cars, but steel and many other things.” “And with all these new investments that we declared on Monday, we are bringing a total of about 670,000 jobs, direct and indirect. It’s on a large scale.”
He said Vehicle That Hyundai at his Savannah, Georgia plant “may not have to give any tariff.”
President Trump announces new auto tariff
Automker Trump Administration is the latest in the increasing number of companies announcing schemes to increase investment in the US, which is using tariffs to encourage companies to bring back manufacturing on US earth and reduce dependence on foreign goods.
Washington, DC – January 21: US President Donald Trump raised a question from a reporter during a news conference in the Roosevelt Room of White House on 21 January 2025, DC. Trump announces investment in Artificial Intelligence (Andrew Harnik / Getty Image / Getty Images)
Trump has implemented a group of tariffs since assuming office, which includes 20% levy on goods imported from China to the US. Mexico and Canada were also killed with tariffs, but Trump later introduced a discount on goods for those two countries under the United States-Maxico-Canada Agreement by April.
Steel and aluminum imports have also become subject to new tariffs.
Daniila Jenoves contributed to this report.
