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...“The Alabama model for economic success is under attack,” wrote Alabama governor Kay Ivey on the state commerce department’s blog in January, calling car manufacturing one of Alabama’s “crown jewel industries...
...The view was echoed by José Muñoz, global president of Hyundai, which is now considering manufacturing hybrids at its new $7.6bn plant in Georgia given more drivers are baulking over buying fully electric...
...The European boss of Hyundai, Michael Cole, said the South Korean carmaker had to “sharpen our act” to compete with a wave of low-cost Chinese electric cars that were coming to Europe....
...manufacturing and sourcing materials....
...The announcement follows a string of major funding promises by car manufacturers in Brazil this year, including Volkswagen, General Motors and Hyundai....
...Hyundai, which makes cars in China as part of a joint venture with state-backed BAIC Motor, declined to comment on its China business....
...The government of Prime Minister Narendra Modi, who is seeking re-election to a third five-year term this spring, has been trying to create jobs in manufacturing, including of EVs, an area in which India...
...Corporate earnings: Indonesia’s Bank Central Asia, South Korea’s SK Hynix, Hyundai Motor and Naver, and India’s Maruti Suzuki publish results....
...Hyundai added that during its Alabama site’s 18 years of operation “our team members have not shown an interest in union representation.” Volkswagen and Subaru declined to comment....
...“That caused big trouble for Hyundai Motor Company, which decided to make a huge investment based on the current arrangement,” said Ahn, who suggested that “not many [US] congressmen and senators were fully...
...A vote is scheduled this month at Volkswagen’s factory in Chattanooga, Tennessee and the UAW has begun publicly campaigning at two plants in Alabama owned by Mercedes-Benz and Hyundai....
...Sung added that SK On stood to benefit from the rapid US growth of South Korean carmaker Hyundai, which together with sister brand Kia has overtaken Ford and General Motors to claim second place in US electric...
...Volkswagen has become the latest foreign carmaker to raise wages for US workers following significant pay gains won by the United Auto Workers in a six-week strike against Ford, General Motors and Stellantis...
...BYD wants to overtake the top-selling models in the Indonesian market last year, which included the Hyundai Ioniq 5, and the Air EV from China’s Wuling Motors....
...Earlier this month, Hyundai Motor terminated an aluminium supply agreement with Indonesia’s Adaro Minerals following a campaign by a climate group backed by K-pop fans that called on the Korean automaker...
...LG Energy Solution, one of the world’s top three EV battery producers that has joint ventures with General Motors, Honda and Hyundai in the US, announced this month it was laying off 170 workers at its plant...
...Hyundai and its sister brand Kia have together overtaken Ford and General Motors to claim second place in US electric vehicle sales behind Tesla, with their market share set to grow once a new $7.6bn plant...
...Around the same time, Apple approached both Nissan and Hyundai about collaborating on the project, the Financial Times reported, potentially tapping into the carmakers’ manufacturing knowledge....
...Two of the most pressing are: how to balance domestic political concerns with geopolitical tensions; and how to encourage citizens to buy electric vehicles without undermining key national manufacturing...
...Big carmakers including Ford, General Motors and Tesla have paused plans to expand EV production in recent weeks....
...In addition to BMW’s choice of Spartanburg, Mercedes opened its biggest North American plant in Tuscaloosa, Alabama, and Toyota chose Georgetown, Kentucky....
...Despite selling just 24,000 cars last year, Vietnam’s VinFast this month soared into the ranks of the world’s most valuable automakers — far surpassing rivals such as Volkswagen, Ford and General Motors,...
...Ford and General Motors....
...Hyundai is building a $5.5bn EV and battery plant in the US state of Georgia, the largest economic development project in the state’s history....
...Before rejoining the agency last year, Whitaker worked as chief operating officer at Supernal, Hyundai Motor Group’s nascent electric aircraft business....
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