Hyundai News Updates

The Oct. 22 announcement bumps the total to 3,750 jobs and a $600 million investment in new manufacturing operations in Will County.

Toyota and Hyundai are pulling closer to Detroit’s marquee automakers in the U.S. auto market, boosted by demand for gas-electric hybrids and affordable vehicles.

Did unfairly priced foreign shipments hurt U.S. trailer manufacturers, or are the Great Freight Recession and an inventory glut to blame for damaging the sector?

Hyundai aims to challenge Toyota in the hot U.S. hybrid market and defend against low-cost Chinese rivals in the rest of the world. 

U.S. dry and refrigerated van trailer imports from Canada and Mexico are now subject to antidumping duties, though at a lower rate than three complainants sought.

The ITC finalized the duties after an investigation prompted by a February 2025 petition from a coalition led by Stoughton Trailers and Cheetah Chassis.

Currently, 11 Xcient tractors are operating in Canada, including as part of the BC Hydrogen Ports Project to decarbonize drayage at the Port of Vancouver.

After the plans to go public fell apart, PlusAI stressed that it had “significant commercial momentum and remains strongly positioned for long-term growth.”

Hyundai has grappled with U.S. tariffs, along with supply disruptions and uneven demand for electric vehicles, since its new CEO took over at the start of 2025.

Hyundai is rerouting ships around Africa to avoid the Strait of Hormuz, slowing the automaker’s global supply lines.