Hyundai has announced a $20 billion investment in the United States, marking its largest-ever commitment to the country. The South Korean automaker made the announcement alongside President Donald Trump at the White House on Monday. As part of the investment, $5 billion will be allocated to building Hyundai’s first U.S. steel manufacturing facility in Louisiana….
Hyundai and General Motors (GM) have announced a collaborative effort aimed at developing new vehicles, streamlining supply chains, and advancing clean energy technologies. The partnership is designed to reduce costs and accelerate production amid increasing pressure on global automakers to innovate in the electric vehicle (EV) and battery space due to strict emissions regulations worldwide….
Hyundai and Kia’s new anti-theft software is showing promising results, according to recent insurance claim data. The update, which was introduced in February 2023 following a surge in vehicle thefts, has significantly reduced theft claims for vehicles equipped with the new technology. An analysis by the Highway Loss Data Institute (HLDI) reveals that theft claims…
The U.S. Department of Labor has filed a lawsuit against Hyundai and two of its suppliers, accusing them of illegally employing a 13-year-old child in an Alabama assembly line for up to 60 hours a week. According to the complaint, the staffing agency Best Practice sent the underage worker to SMART Alabama, a company that…
Hyundai and Kia vehicles have emerged as the most-targeted models for theft in the United States, with two Hyundai models and one Kia model ranking as the top three most stolen vehicles last year, according to a report from the National Insurance Crime Bureau (NICB). The NICB report revealed that Hyundai Elantra compact cars were…
Theft claims for select Hyundai and Kia models have skyrocketed by more than 1,000% since 2020, a staggering increase linked to social media posts disseminating theft techniques. According to data from the Highway Loss Data Institute (HLDI), theft insurance claims for vulnerable Hyundai and Kia vehicles surged, rising from 1.0 out of every 1,000 insured…
Hyundai Motor Group and LG Energy Solution have announced plans to increase their joint investment in a battery manufacturing plant located in Georgia by an additional $2 billion. This expansion also includes the creation of 400 new jobs. The facility, a collaborative venture between the two companies, will now see a total investment of $4.3…
Korean automakers Kia and Hyundai have reached a settlement in a class-action lawsuit worth an estimated $200 million. The lawsuit alleged that many of the companies’ cars and SUVs were susceptible to theft. The settlement is expected to cover up to nine million vehicle owners, providing a total of up to $145 million to compensate…
Spikes in car thefts of certain Hyundai and Kia models, a trend that began in the American midwest and was spread by how-to videos on social media, has reached America’s biggest city. As reported on CNN, about 100 of these particularly vulnerable Hyundai and Kia vehicles were stolen in the month of December alone in…
