Hyundai-Kia and GM Announce Separate Deals for Major U.S. Auto Investments….

Walking in a Winner Wonderland….

trump hard hat 2(Via BloombergHyundai Motor Co. and affiliate Kia Motors Corp. said they will spend $3.1 billion in the U.S. in the next five years, joining other vehicle manufacturers in announcing investment plans amid threats from President-elect Donald Trump of higher levies on auto imports from Mexico.

The planned U.S. investment by South Korea’s two largest automakers is about 50 percent more than the $2.1 billion they spent in the previous five-year period, Hyundai Motor President Chung Jin-haeng told reporters in Seoul on Tuesday. The group is considering building a new factory in the U.S. and may produce Hyundai Motor’s upscale Genesis vehicles and a U.S.-specific SUV in the country, said the executive, who also oversees the strategic planning for Kia.

“We expect a boost in the U.S. economy and increased demand for various models as President-elect Trump follows through on his promise to create one million jobs in five years,” Chung said. “We will actively consider introducing new models that have increasing demand and profits.”  (read more)

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(Via Reuters)  General Motors Co (GM.N) will announce as early as Tuesday long-held plans to invest about $1 billion in its U.S. factories, following recent criticism of the company by President-elect Donald Trump, a person briefed on the matter told Reuters late on Monday.

The largest U.S. automaker is making the decision for business and not political reasons, said the person, who asked not to be identified.

The investment will help GM create or retain more than 1,000 jobs, while the automaker also plans to tout other efforts to boost U.S. employment, including adding engineers, the person added.

GM General Counsel Craig Glidden told the Wall Street Journal, which reported the company’s plans earlier on Monday, that any investment the company might disclose had been long planned and was not a response to Trump’s criticism. (read more)

trump haters 1

…“and we will win, and you will win, and we will keep on winning, and eventually you will say we can’t take all of this winning, …please Mr. Trump …and I will say, NO; we will win, and we will keep on winning”.

~ Donald Trump

 

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99 Responses to Hyundai-Kia and GM Announce Separate Deals for Major U.S. Auto Investments….

  1. Eddie Baby says:

    It will be nice to have a president that likes to make stuff.

    Liked by 14 people

  2. teaforall says:

    AMERICAN MADE with pride again. More Winning

    Liked by 10 people

    • The Defiant One says:

      Just a song from the 1980’s that kind of has meaning once again!

      Liked by 1 person

      • farmhand1927 says:

        Watched the movie, “Invincible” with Mark Walhberg this weekend. Not only a great American success story of one man’s determination, its a story abt how steel jobs left South Philadelphia in the ’70’s, devastating families and neighborhoods. They never lost heart or hope, though–their American spirit was bigger than their losses. These are the types of people that put Mr. Trump in the White House.

        Another feel-good-about-being-an-American movie is “Creed” with Sly Stallone. If the negativity gets too much this week, take a little escape and watch one of these or any other movie with actors that actually love their country, tell a story of American exceptionalism and respect the good people that invest the time and money to watch.

        Liked by 7 people

    • TennPennTrains says:

      American made, maybe. Why do foreign-owned car companies that “make”, that is, assemble, cars in the USA, ship the parts and materials in from the car company home country instead of buying all the parts and materials required from companies right here IN the USA? Not only would the cars be assembled in the USA, but all of the car would actually be made in the USA. My Dad worked in the steel industry in the 50s, 60s, and 70s. Between foreign car companies shipping in steel and parts made in Japan, for example, the unions really screwed things up, with the steel companies not pushing back. That is why today, there are only 2 operating blast furnaces in the state of Pennsylvania; there used to be over 100. The manufacturing base in the USA MUST be brought back. MAGA.

      Liked by 3 people

      • Bob says:

        I have a feeling that will be addressed. Baseball gloves, shoes, cell phones, TVs, auto components, darn near everything made in the USA again and you gotta start somewhere. So job announcements are good and welcome news. We need to bring home or create 10,000 jobs per day for the next 3 years. That is a high bar. So far we have realistically 25,000 new ones attributed to Trump. I’ll call that a head start. No more imported steel is a biggy! Let’s do this.

        Like

      • Let’s not get greedy though.You correctly identified a big part of the reason steel companies left the US. We almost lost the ones who couldn’t move, like the railroads, until the railroads were able to push back on absurd union rules. Diesel engines had to have a fireman? Really?

        Like

  3. trumpsbamagirl says:

    After the mills shut down in my hometown of Lanett, Alabama, the Kia plant in West Point, Georgia has been the major employer for those who lost their jobs. I am thrilled to hear this news as the closing of the mills was devastating for my little neck of the woods.

    Liked by 13 people

    • KJinCton says:

      While I’m an hour north of you in Carrollton, I’ve got friends who make the drive daily to work in West Point. That plant has been a blessing for that area.

      Liked by 6 people

  4. gettherejustassoon says:

    Bush – stimulus of 2008: 170 billion. Obama: stimulus of 2009: 787 billion. For this, how many jobs were created? How did our GDP do? The national debt stands at WHAT???

    Now, with President-Elect Trump, it’s almost as if we ain’t seen nothing yet!

    Liked by 13 people

    • The Boss says:

      Wait until a couple TRILLION is repatriated to the US by corporations who’ve parked that money offshore to avoid excessive, UNFAIR taxation. That’s a lot of potential private investment, and the US Treasury actually gets a piece of that action, rather than borrowing from the Chicoms or Japan. Each policy Trump has outlined is synergistic with other policies beyond belief.

      Liked by 13 people

      • readygo137 says:

        Just hope the states where these new jobs are going have right to work laws. These auto plants empower the union and they will turn on TRUMP in a heart beat because the leadership is all crooked DEMS. Just saying!

        Liked by 3 people

      • gettherejustassoon says:

        In addition, it has been stated that T.rump has saved or added 1.2 million jobs. Trillions to be invested + millions ready to work = A boon for America!

        Liked by 1 person

      • That synergy is what the Leftists don’t get. To them, economics is a zero-sum game. One person wins AT THE EXPENSE of another. As my DDH used to say, if that were true, we’d still be living in caves. Yet we are all wealthy beyond the belief or understanding the cave men would have had.
        And don’t fall for that recent, irrelevent BREAKING NEWS that 8 men are as rich as the ENTIRE half of the rest of the world population. Probably a lie, but in any event I believe this nonsense was promoted by an NGO.

        Like

    • unconqueredone says:

      When the uni-party creates a “stimulus” package it means funneling tax dollars to the major shareholders of the organizations receiving it who then make a profit. It stimulates THEIR economic well being. Creating jobs? Not so much. It would seem PE Trump has done more to create jobs before being president than our previous three presidents did in the last 24 YEARS.

      Liked by 9 people

    • rsanchez1990 says:

      GM is finally giving US a return on investment on all that bail out money. Peter Navarro’s book “Death By China” has a great paragraph explaining why all that stimulus didn’t result in jobs or boosting the economy:

      “Trying to jumpstart our economy with a massive stimulus in the absence of a vibrant manufacturing base has been like trying to start a car without spark plugs or gain traction on slick tires. It just can’t be done. Sadder yet, a great portion of that stimulus money leaks right out of our economy and stimulates Guangzhou and Shanghai rather than Gary and Pittsburgh. Indeed, the false Keynesian vision of a virtuous cycle of spending just won’t play in Peoria when so much of what we buy isn’t made here and our biggest trading deficit partner never reciprocates.”

      Liked by 8 people

    • shadowcole says:

      And thanks to the continuing resolutions the Dems started and Rep continued that 787 billion has been spent every year since. Wonder where all those trillions went.

      Liked by 1 person

  5. thesavvyinvester says:

    IMHO a quiet pressure will continue to mount for Senator Stabenow and Peters to not be recalcitrant in the Senate in regards to blocking the economic agenda of President Trump, especially with Stabenow up in 18′. These are real jobs, including the Tier Suppliers, and don’t forget the downstream “turnover” jobs in the communities of these workers. How do they vote Nay?….

    Liked by 9 people

  6. Arkindole says:

    When Kia opened their plant near LaGrange GA years ago it was an absolutely huge boon to the area extending west to AL. It happened two to three years before they even broke ground. They’re not new comers to American investment.

    Another magic wand that couldn’t be waved from Democrats for some reason.

    Liked by 10 people

    • The Boss says:

      Obama waved his middle finger at us. Taking the high road. Ass!

      Liked by 4 people

    • cdquarles says:

      Indeed. Hyundai opened one south of Montgomery a decade or more ago. Honda opened a plant in Lincoln a decade or more ago. Toyota opened a supply plant in Huntsville a decade or more ago. Mercedes Benz opened a plant between Tuscaloosa and Birmingham 3 decades ago. Much of the manufacturing base didn’t move out, it moved away from high tax and high regulation states to lower ones and away from high cost (not just in money) labor to low cost (not just in money) labor within the US. Some manufacturing shifted to higher valued products, mostly capital goods in nature.

      Liked by 1 person

  7. kltk1 says:

    GM really needs to get with the program. As noted, the $1 Billion isn’t anything in addition to what they already had on the table before the election. Not to mention that $1B is only going to HELP save 1000 jobs? Entirely unacceptable. There are two models they will be building in China to be sold here under the Buick and Cadillac brand. Pathetic. I’m hoping PEDJT is going to have something to say about GM and how they’re treating the American people.

    To my GM fans following Sundance, ask a lot of questions at your GM dealer about the models you’re interested in.

    http://money.cnn.com/2015/12/09/autos/gm-chinese-built-car/

    Liked by 2 people

    • ledeplorable says:

      The tariff for non US made goods needs to be put in place ….to help the recalcitrant company’s see the new reality.”MADE IN THE USA” is in their companies best interest.

      Liked by 3 people

    • TAX – GM – IMPORTS

      Liked by 5 people

    • The tax and regulation climate since the Clinton years (maybe even Bush Sr.) encouraged these moves, it is not GM’s fault but the globalist politicians that have encouraged it. Now, GM will have a difficult time turning the massive ship around. The new tariff structure will put the cost incentives back on making products here and the economy will just keep absorbing the jobs over the years. Some of these ‘plans’ have in fact been in the works for years and brick may have already been laid. It will be years before all of these types of situations come home. My message though is that GM was encouraged to make these plans and now we need to encourage them to come back. They are not evil.

      Liked by 1 person

  8. Illegal says:

    The winners are the right to work states. The UAW presents a real obstacleto job creation. Their rules do not allow for inovation and cost effective production. They are the reason GM wants to make cars in China for the US market.

    Liked by 4 people

    • jnearen says:

      Couldn’t agree more. The UAW has essentially bankrupted their companies and stifled growth. I’m in Alabama and, counting the Kia plant on the state line with Georgia, we have Honda, Hyunai, BMW, Toyota, and Mercedes Benz building cars or major car parts here. Airbus is building planes here. Austell builds ships. We are a right to work state.

      Liked by 2 people

  9. flawesttexas says:

    The Korean car makers see the writing on the wall with Trump.

    The US has a large trade deficit with South Korea, and, would be one of the first nations to get a tariff correction.

    Liked by 1 person

  10. KBR says:

    I hope all cars and parts made in the USA have Made in the USA stamped into the metal, and painted on the cars.

    NOT Made in America: because tricksters would say “Mexico is in (North) America, so that counts as being made in America.” Guatemala, Brazil, heck all of North & South America are in America: the entire Western Hemisphere was named America.

    I am asking for absolute clarity here!

    Liked by 14 people

  11. TrumpShake says:

    Now we need someone smart enough to figure out how to put some of these jobs in the inner cities!

    Liked by 1 person

    • Illegal says:

      Unfortunately the cost of building and operating large manufacturing plants in the inner cities is very difficult. Most companies moved because of these problems. It may be easier to transport these workers to the work site.

      Liked by 3 people

      • trapper says:

        Exactly. Car plants were never at “walk to work” locations. The were at the edge of town and people drove to work, or took a bus until they could afford a beater car to drive to work. Build them! People will figure out how to get there. Some enterprising guy in the inner city will pick up an old van and start a taxi business shuttling people from the inner city to their new jobs and back again. Not to mention the new food trucks that will show up outside the gates at the noon whistle. And the two new bars across the road for those who drink lunch.

        Liked by 6 people

        • Ahhhhh….the rise of the entrepreneur – LOVE IT!

          Liked by 3 people

        • The words ‘never’ to a historian are a huge signal flag. Ford had large scale manufacturing in Highland Park and the neighborhoods surrounding the area grew up with wood frame fast to make homes. That situation soon changed though with the development of the Rouge plant. GM in Flint was similar with homes just the other side of the factory fence.

          Once everyone could start affording cars it all changed and even the public transportation suffered.

          Like

          • Also, public transportation suffered because private companies that provided trolley and bus service were first regulated “for the public good,” then regulated out of business, then taken over by the nearest government. Regulations have killed more companies and industries than we know b/c the media never report on them.

            Like

    • Trump should focus on a couple of “Lead Cities” with Mayors and Councils that replicate his federal policies by reducing the [state and] local tax and regulatory drag on entrepreneurs and business in general.

      The Best will follow and the Rest will suffocate.

      Liked by 3 people

      • Illegal says:

        Did you look at the election map? The blue islands in the sea of red are the cities that are for the most partprogressive hell holes. Yes it would be nice to see some mayor step forward, but I’m not counting on it.

        Liked by 3 people

        • progpoker says:

          Only one way to start changing the Blue to Red is to engage with the cities. Fire the bulldozers up and let the jobs begin. There has to be advantages to reclaiming city real estate. Exciting times!!

          Liked by 1 person

        • Bob says:

          Trump and us would be peeing our money away bringing auto jobs to inner cities. Better to focus on rural areas in the swing states. Those inner city folks will never vote Trump. Never.

          Liked by 1 person

      • facebkwallflower says:

        Detroit would be a great place to start. The Police Chief started something good and the citizens want to keep going with getting their individual liberties back. Keep pushing within the Black Community how Clinton Machine (better to blame on this than Dems completely) slote their Trump votes in Detroit and let them be the ones to find and expose all the fraud. Let them name names. Encourage them to come out to “Hear My Voice Vote” parties where they cast their vote again for Trump. Tally them up and show the “True Vote”. No, it won’t change the election results but they will be exposing in the name of being heard. There are a LOT of Black and urban Whites that voted for Trump. Support Trump. Let them be the ones to show he did indeed win the popular vote as well.

        Liked by 6 people

    • facebkwallflower says:

      That is where the Baby Boomer Retirees can come in. Let’s face it, most of the inner city, culturally, do not know how to hold down a job. They do not have a whole ton of acceptable social behaviors that are required for employments.

      Negotiate with these companies to be part of a transition program where retirees work side-by-side with an individual mentoring them with behavior clues, being on time, dress, appropriate responses, etc., There are an excess of retirees from the auto industry who would be willing to do something like for the pay of supplemental healthcare to go with their Medicare.

      Companies could actually have an employee bus route as well.

      I am actually considering doing something like this in retail. We have around us lots of young people, who are really trying and hustling with their jobs but are unintentionally rude to customers and disruptive. They have taken the effort to get the job, are proud they have a job, but are in a foreign country. I would like to actually volunteer for a one-on-one mentor. There would be private cues that would indicate “watch me” so from day one the customer really does not know it is mentoring and the employee is not in a continual loop of training.

      So many of these people try and really are clueless when they have to be let go. We must find ways to get into the cities.

      Liked by 3 people

    • decisiontime16 says:

      Obama has been bragging about creating jobs and improving the economy for years. The fake news media has played right along, repeating Obama’s claims as true and wonderful.

      “The American people know a different reality. That’s one of the biggest reasons Trump won the election.”

      http://americanlookout.com/how-fitting-obamas-final-jobs-report-is-a-dud/

      Like

  12. NJF says:

    Lots of good news this morning!

    Also Mornings with Maria has been a blast this morning as Trump’s WSJ interview seems to be garnering high praise, at least within the business community.

    Liked by 8 people

    • decisiontime16 says:

      Yes! Lots of good news!

      “After meeting with Trump, Bayer just announced an $8 billion dollar deal to invest into the US to create thousands of new jobs.

      Fox Busines reported:German chemical giant Bayer AG is promising President-elect Donald Trump billions of dollars in research and development spending in the U.S., as well as what it is saying will be a significant commitment to create jobs.

      http://redstatewatcher.com/article.asp?id=58182

      Liked by 3 people

  13. trapper says:

    Trump says there will be a tariff. The American people say there will be a tariff. Paul Ryan says there won’t. It’s pretty clear who the carmakers are listening to and believe.

    Liked by 5 people

    • rsanchez1990 says:

      I hope the people in Ryan’s district are paying attention. Vote him out in 2018.

      Liked by 5 people

      • Can they do a recall vote now? I don’t want to wait that long 😦

        Liked by 1 person

      • trapper says:

        I would actually rather see Ryan brought over to our side. The era of the globalists is over. They aren’t going to just lay down and give up, and as Sundance says there are lots of nasty brutal fights ahead, but the tide is in our favor and the positive results of the Trump economic nationalism will be impossible to argue against. So – the Ryans can either join the movement or become irrelevant, preaching the failed religion of international progressivism, 21st Century phrenologists.

        Liked by 1 person

        • Jason says:

          Even IF he could be brought over, do you think it would last? If the next admin favors or allows the same policies that have pushed us to the brink, shouldn’t we expect that those like Ryan would simply revert to their prior behaviors?

          Get these traitors out, show the other wannabe globalists there are consequences to picking against America(ns). IMHO.

          Like

          • trapper says:

            I think there is a flaw in your reasoning. That is, you can’t unlearn what you now know.

            After having lost half of American manufacturing jobs between 1997 and 2007, and then after 8 years of Trump economic nationalism building American manufacturing plants as fast as we can put them up, how will the globalists convince American citizens to unlearn what they then know and sign on to trade deals that incentivize American businesses to close the new American plants and ship their new jobs overseas? How will they be able to advance trade deals that would set up unelected international bodies like the EU or the TPP Commission to subsume American sovereignty into.

            And after 8 years of America-first foreign policy, military rebuilding, relative peace for the US, and only rare, occasional, lightening fast and massive inflictions of death and destruction visited upon anyone or any state who would be so foolish as to attack American interests, how would they sell protracted winless wars of regime change and nation building in places that most Americans don’t give a shit whether they even continue to exist?

            Times change. Sometimes times change overnight. Times changed overnight on November 8.

            Liked by 1 person

        • rsanchez1990 says:

          I think MAGA will definitely flip a lot of citizens over to our side. Whether politicians like Paul Ryan also will flip or follow the lobbyists into irrelevance remains to be seen. Either way, I hope the people of Ryan’s district are paying attention over the next couple of years to see if Ryan ends up facilitating MAGA or trying futilely to impede it.

          Like

    • MICHAEL DO says:

      Trump can unilaterally impose tariff on anything with any lame excuse that he can think of. What is Ryan going to do? repeal it ??? there is no vote there to repeal even Democrats won’t vote for it. What lame Ryan wants to do by letting the Drug lobbyists know that he is with them to keep the money flows into the swamp. At the end, he can not do anything on tariff that Trump would do.

      Like

  14. Pam says:

    You don’t have to go far down the road without seeing someone driving a Kia. Because of their popularity among consumers, it will be nice to see them being made in this country.

    Liked by 5 people

    • Serena says:

      Have several relatives that are second and third time buyers and they love them. I must say I have really liked them when riding in them. Might just have to get me one.

      Liked by 1 person

    • If the tariff is truly 35% the vehicles built in the USA will have a yuge price benefit! I will pick on Ford for just an example; if they mix-manage Fusions at Flat Rock again and continue to move Focus to Mexico, the tariff will make the Focus more expensive than a Fusion! Now that is incentive to move production to the USA, eh?

      Like

    • cdquarles says:

      Kias have been made here for years. All of the major foreign names, I think, have plants here, dating to the 1980s. {I have a memory that those names were not allowed to build/own plants here prior to that.]

      Like

  15. OnlyInAmerica says:

    Walking In A Winner Wonderland…..LOVE IT!!!

    Liked by 2 people

  16. facebkwallflower says:

    Anyone keeping all these walks through Winning Wonderland on a list somewhere?

    Liked by 1 person

  17. Notice the difference in statements between a politically motivated domestic company vs. a foreign company? Hyundai-Kia uses their President to say this is a direct result of President-Elect Trump’s policies, while GM uses a person “who asked not to be identified” to say that this has nothing to do with President-Elect Trump’s policies.

    Apparently, US corporations haven’t gotten the realization yet that their candidate lost and that liberal PC culture is dead.

    Liked by 5 people

    • Serena says:

      Yep I have a relative that lost their long time union job when Chrysler closed up the plant where he worked. He was there for 41 years and should have retired many years ago. He says that Chrysler Fiat was always going to retool the plants and hire more people. Same as Ford people saying this is not because of Trump and it was always in Ford’s plans At least the foreign car companies are not so hateful and negative and seem really proud and happy about the jobs they will be creating.Worlds of difference!!

      Liked by 4 people

  18. Abster says:

    This is amazing. I just can’t understand why so many with nothing to lose refuse to give PETrump a chance. He has obviously been working his fingers to the bone. I almost feel many deadbeats who we have supported through social programs for multiple generations are afraid they might have to wake up, get up and go to work. Pitiful thought. Anyway, God bless America and God bless PETrump.

    Liked by 3 people

  19. Athena the Warrior says:

    Poor liberals are having a fit about all the jobs being announced. According to them, PE Trump is lying about these jobs being created because they were all, “previously announced.”

    Poor babies are going to set themselves on fire before the year is over with.

    Liked by 2 people

  20. Jason says:

    Liked by 4 people

  21. Lucille says:

    SR 1438 – Trump Will Boost Growth by 56% by 2018 Says IMF
    The Still Report

    Liked by 1 person

  22. Diogenes says:

    I dont drive Hyundais, Kias, or GMs but I AM thrilled to see more and more companies getting in line to MAGA with the Trumpenreich. 🙂 All hail the God-Emperor!

    Like

  23. kimosaabe says:

    Liked by 3 people

  24. kinthenorthwest says:

    It is so KEWL to be going to have a POTUS that TRULY cares about America and Americans.
    It is so KEWL to be going to have a POTUS that is TRULY proud of America and legal Americans.
    What is the KEWLEST is to have a forum with a writer like Sundance that support our upcoming POTUS and has supported Trump from day one. Sundance who saw through all the smoke and mirrors of the DC politicians and their cohorts from the very beginning.
    Thank you Sundance.

    Liked by 3 people

  25. Keln says:

    The key thing to point out here is not that these manufacturers are afraid, but that they are hopeful. I doubt many of them are very worried about tariffs. They don’t pump billions into business just because Trump might levy some tariffs at them if they produce in Mexico (that’s never been his prime source of leverage in reality). Tariffs can be overcome, and would be if there is no profitability in operating in the US. They’re looking at this from a purely profit-motivated perspective, and they are assessing the US as a potentially reborn manufacturer’s market.

    And the winners are the ones who get there first. They are seeing this as a more protected, slightly less regulated, and less taxed market in the future where they can operate entirely in-country and not have to worry as much about foreign-built competition. Yes, overall that means the prices of automobiles will rise initially. But they aren’t worried about that now. They are just worried about getting production up and running before competitors do.

    There are huge benefits to operating in the US which are negatives about operating elsewhere. One of the biggest is our protections of their intellectual property. China actively steals designs from manufacturers operating there and then clones them in their own factories. In Mexico…well, it’s clearly not as protected as it is in the US. Reliable labor is another issue, especially in Mexico. And in both China and Mexico, bribes and special “taxes” are necessities of doing business. None of that flies in the US.

    They want to be here. Trump is giving them the green light and the race is on.

    Liked by 4 people

    • cdquarles says:

      Exactly. Post-Reagan, the business climate steadily worsened, beginning with the tax increases late in Reagan’s last term and GHW Bush’s first one. Clinton doubled down on that and made the regulatory environment hostile to no gain for most Americans. GW was a mixed bag that helped put Zero in office. Zero has been the worst of them all in my lifetime, up there with Hoover and FDR in history.

      Liked by 1 person

  26. Dizzy says:

    I like how booty-blasted GM is that they have to insist repeatedly “we’re totally not doing this because Trump got elected. Has absolutely nothing to do with Trump. Seriously guys, we didn’t even realize he won until last week, pure coincidence.”

    Liked by 2 people

  27. Barbara Campbell says:

    Sure beats Cash for Clunkers.

    Liked by 1 person

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