Hyundai, Kia plan $3.1 billion U.S. investment, consider new plant

UPDATED: 1/17/17 7:22 am ET -- adds analyst comment

Hyundai and Kia 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.

Kia

Kia will go big at the Detroit show with the debut of an all-new, rear-wheel-drive sedan.

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