The new president and chief executive of Hyundai isn’t concerned about Elon Musk’s close relationship with Donald Trump. Jose Munoz, who took the top job at the carmaker on January 1, added Hyundai has invested heavily in the US as it views it as its “most important market,” and not because of incentives provided under the Biden administration.

I don’t see that as a concern, honestly."

South Korea's Hyundai Motor Group said on Thursday it planned to boost domestic investment by 19% to a record 24.3 trillion won ($16.65 billion) this year to ensure growth as it navigates political turmoil as well as U.

Hyundai Motor Group has announced plans to invest a record 24.3 trillion won ($16.65 billion) in South Korea this year, marking a 19% increase in domestic investment compared to last year. The investment aims to secure future growth for the company despite facing economic and political uncertainties.

Hyundai Motor Group announced a plan, Thursday, to invest 24.3 trillion won ($16.67 billion) in Korea this year, in a preemptive move to develop cutting-edge mobility solutions, focusing on electrification,