Hyundai plans to invest $3.1 billion in the development of its American enterprises over the next five years.
The Korean automaker will likely not limit itself to upgrading existing plants in Alabama and Georgia — it is considering the option of building a new production site where luxury-segment vehicles under the Genesis brand will be assembled.
The decision to expand its presence in the United States may be related to the rhetoric of President-elect Donald Trump, who persistently urges global automakers to organize vehicle assembly directly on American soil.
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