US EditionHyundai Motor launches US tariff task force
- Hyundai Motor has launched a task force to deal with President Trump's tariffs and moved production of some Tucsons to the US to avoid import taxes.
- Despite facing a 25% tariff on auto imports, Hyundai reported a 2% growth in first-quarter operating profit and an 11% increase in retail sales.
- Hyundai has stockpiled 3.1 months of inventory in the US before tariffs took effect and will keep current model prices unchanged until at least June 2.
- A South Korean delegation is set to meet US counterparts for trade talks while tariffs may cost Hyundai billions, indicating a tough business outlook.
13 Articles
13 Articles
Hyundai moves SUV production to U.S.
MxM News Quick Hit: Hyundai is responding swiftly to 47th President Donald Trump’s newly implemented auto tariffs by shifting key vehicle production from Mexico to the U.S. The automaker, heavily reliant on the American market, has formed a specialized task force and committed billions to American manufacturing, highlighting how Trump’s America First economic policies are already impacting global business decisions. Key Details: Hyundai has cre…
Hyundai will move part of its production from Mexico to the United States for Trump’s tariffs
Hyundai Motor will move the production of one of its most popular models to the United States to dodge Donald Trump’s tariff wall. The largest South Korean car manufacturer has confirmed to EL COUNTRY that “due to the geopolitical, commercial and global economic environment, Hyundai has decided to redirect the production of the Tucson model, manufactured at the fishing plant in the State of Nuevo León to markets with which Mexico maintains free …
Hyundai launches tariffs task force, shifts production of popular SUV to US to avoid hefty import taxes
Hyundai Motor on Thursday revealed it has created a task force to strategize around President Trump’s tariffs and shifted some production to the US to avoid the hefty import taxes.
Hyundai Motor launches tariff task force, reaffirms annual earnings target
SEOUL: Hyundai Motor said on Thursday it has launched a task force to respond to US tariffs and reaffirmed its annual earnings target after reporting a 2 per cent rise in first-quarter operating profit. © New Straits Times Press (M) Bhd
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