Hyundai Motor $005380.KS, a global automotive powerhouse, has demonstrated remarkable agility as it responds to newly imposed US tariffs. This week, the company announced the formation of a dedicated task force aimed at navigating the evolving trade environment between the US and global markets—a move highlighting Hyundai’s commitment to risk management and maintaining its competitiveness in a crucial region.
Hyundai Motor $005380.KS, one of the world’s leading automotive manufacturers, has announced a significant shift in its production strategy. In direct response to newly imposed tariffs on imported vehicles in the United States, Hyundai has decided to move production of its Tucson crossover from Mexico to the U.S. This step aims to mitigate financial risks and safeguard the company’s market position in the vital U.S. automotive sector.