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Hyundai to invest $20 billion, plans to build steel plant in Louisiana
Posted on 3/24/25 at 10:59 am
Posted on 3/24/25 at 10:59 am
Rogerthecuck and CuckCucktoMichigan won’t like this one bit
CNBC
South Korean conglomerate Hyundai will announce a $20 billion investment in U.S. onshoring.
The investment is expected to be announced Monday at the White House by President Donald Trump, Hyundai Chairman Euisun Chung and Louisiana Gov. Jeff Landry.
A new steel plant in Louisiana, which is part of the investment, is set to hire roughly 1,500 employees and will produce next-generation steel that will be used by Hyundai’s two U.S. auto plants to manufacture electric vehicles.
CNBC
South Korean conglomerate Hyundai will announce a $20 billion investment in U.S. onshoring.
The investment is expected to be announced Monday at the White House by President Donald Trump, Hyundai Chairman Euisun Chung and Louisiana Gov. Jeff Landry.
A new steel plant in Louisiana, which is part of the investment, is set to hire roughly 1,500 employees and will produce next-generation steel that will be used by Hyundai’s two U.S. auto plants to manufacture electric vehicles.
Posted on 3/24/25 at 11:06 am to thebigmuffaletta
Where is this steel plant being built?
Posted on 3/24/25 at 11:06 am to Johnpettigrew
Ascension Parish
Big news, great news for the state.
Hopefully the politicians there wont frick it up. I dont have much faith.
Big news, great news for the state.
Hopefully the politicians there wont frick it up. I dont have much faith.
This post was edited on 3/24/25 at 11:07 am
Posted on 3/24/25 at 11:18 am to thebigmuffaletta
quote:
will be used by Hyundai’s two U.S. auto plants to manufacture electric vehicles.
LOL.
Posted on 3/24/25 at 11:21 am to thebigmuffaletta
Ruston finna be lit son
Posted on 3/24/25 at 11:22 am to pwejr88
Hyundai doesnt need any steenking Corndog Steel...we make all they need right here in Mobile County
Posted on 3/24/25 at 11:37 am to thebigmuffaletta
quote:
Hyundai to invest $20 billion, plans to build steel plant in Louisianab
Good. Now they just need to back off the wokeness.
Posted on 3/24/25 at 11:38 am to thebigmuffaletta
Rogerthefluffer fails again
Posted on 3/24/25 at 11:41 am to jizzle6609
quote:
Ascension Parish
Thanks and yes that is great news. I’m sure a group of attorneys will try to frick it up if the politicians don’t beat them to it.
Posted on 3/24/25 at 11:42 am to Johnpettigrew
Donaldsonville. Specifically on LA 1 Modeste/McCall area heading towards White Castle.
Posted on 3/24/25 at 11:54 am to thebigmuffaletta
Sounds like good news....I'm just not sure about the demand for electric vehicles unless the selling prices come way down along with their battery replacement costs.
Posted on 3/24/25 at 11:58 am to thebigmuffaletta
You'll see him on tv, any given Sunday. Win the super bowl and drive off in a Hyundai
Posted on 3/24/25 at 11:59 am to Johnpettigrew
You bet!
Hopefully all just goes well and we get people jobs.
Hopefully all just goes well and we get people jobs.
Posted on 3/24/25 at 12:12 pm to superwolf
Maybe they can build the loop too.
Posted on 3/24/25 at 12:13 pm to thebigmuffaletta
This is great news for south Louisiana. To date, I don't think there are any automotive related production in south Louisiana beyond the Ferrerra Fire truck company.
Posted on 3/24/25 at 12:14 pm to Cajun75
quote:
I'm just not sure about the demand for electric vehicles
There's actually been some success for non-Tesla EV's lately. A lot of that is for political reasons and Elon Musk fighting the waste and fraud that progressives apparently want to retain.
Definitely a question if it's worth the investment at risk, but I'm not going to look a gift horse in the mouth. I'm hoping this Louisiana plant is successful. I'll definitely be more of a Hyundai fan than I am now - the two Ioniq cars are pretty cool already.
I imagine they can use the mill for non-EV cars right?
This post was edited on 3/24/25 at 12:17 pm
Posted on 3/24/25 at 12:15 pm to thebigmuffaletta
MAGA wins again
Great news
Great news

Posted on 3/24/25 at 12:23 pm to thebigmuffaletta
Great news but I thought this came out a month or so ago
Posted on 3/24/25 at 12:26 pm to thebigmuffaletta
I hope they invest a few million to solve the oil burning problem of their GDI technology engines.
Posted on 3/24/25 at 12:34 pm to roguetiger15
quote:
Great news but I thought this came out a month or so ago
I think around November the rumors started dropping. I guess it's official now, and they are applying for permits and what not.
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