Hyundai and Kia Want To Invest $3.1 billion in America
According to the reports, Kia and Hyundai have high hopes for future manufacturing in America.
The producer is going to invest $3.1 billion in America within the next 5 years.
Part of this investment will spread on a new plant that will be used for manufacturing the automaker’s high-end Genesis brand. 6 models should be presented till 2021. It should also spread on manufacturing of a U.S.-spec SUV. This investment should signify a 50% growth over the number of the investment the company has already made in America within the last 5 years. $2.1 billion was spent then.
The President of Hyundai Motor stated that there should be a boost in American economy. The automaker will introduce new offerings that feature demand and profits.
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