CWEB News Exclusive – In a landmark announcement at the White House, President Donald Trump joined executives from Hyundai Motor Group (HYMTF) to celebrate the South Korean automaker’s monumental $21 billion investment in American manufacturing, a move poised to create thousands of jobs and revitalize domestic industries. The historic commitment, hailed by Trump as a direct result of his administration’s America-first economic strategies, underscores a booming partnership between U.S. leadership and global industry giants.
Central to the investment is a $5.8 billion state-of-the-art steel plant in Louisiana, slated to generate 1,500 direct jobs and produce next-generation steel for Hyundai’s electric vehicle (EV) production. This facility will anchor the company’s broader vision to expand its U.S. operations, including its cutting-edge Georgia “Metaplant,” which currently manufactures the popular Ioniq 5 EV and will soon add five new electric models under Hyundai, Kia, and Genesis brands, alongside hybrid vehicles.
President Trump, who championed tariffs to incentivize domestic manufacturing during his tenure, emphasized the success of these policies in attracting global investment. “This $21 billion victory for American workers proves that tariffs work powerfully to bring industry back to our shores,” Trump declared. “Hyundai’s decision is a testament to strong leadership putting America first—and there’s much more to come.”
Hyundai’s investment is projected to create 14,000 full-time jobs by 2028, with ripple effects expected to support over 100,000 additional positions across supply chains and local economies. The automaker, which already operates facilities in Alabama and Georgia, aims to boost annual U.S. vehicle production to 1.2 million units, cementing its role as a cornerstone of American manufacturing.
In a statement, Hyundai praised the collaboration: “Hyundai Motor Group is proud to strengthen our partnership with the United States, advancing a shared vision for industrial excellence and innovation. We thank President Trump, our American workforce, and communities for their unwavering support as we build a brighter future together.”
The announcement marks a significant milestone in the resurgence of U.S. manufacturing, blending job creation, technological innovation, and strategic policymaking. As CWEB News highlights, this deal not only reinforces America’s competitive edge but also showcases the enduring impact of Trump-era economic policies.
CWEB News – Driving the Conversation on America’s Economic Revival.
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