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International Business Times
International Business Times
Business

Hyundai Announces New $21 Billion Investment In US Manufacturing

Hyundai United States Donald Trump
Hyundai has announced a new multi-billion-dollar investment in US manufacturing (Credit: AFP)

South Korean auto giant Hyundai on Monday announced a multi-billion-dollar investment in the United States, including a new $5.8 billion steel plant.

The plant, which will be based in the US state of Louisiana, "will create 1,300 American jobs," Hyundai executive chairman Euisun Chung told reporters at a White House event alongside President Donald Trump.

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