Hyundai

Man shot outside Montgomery’s Hyundai plant

Man shot outside Montgomery’s Hyundai plant

Hyundai Motor's South Korean union approves strike action over stalled wage talks

Why South Korea’s Massive Market Crash Could Happen in the U.S. Next

Single-day corrections concentrate the mind, even more so when the slide comes amid a doubling of a tech-focused index replete with the kind of giant chip stocks that have powered U.S. markets to record highs over most of the year. “The session had three things working against it simultaneously,” said Koen Hoorelbeke, investment and options strategist at Saxo Bank. In short, it’s become the index to watch in this year’s global chips race, with SK Hynix and Samsung booking triple-digit gains and old-school car maker Hyundai —which is now verging into chip design through its Hyundai Mobis division—rising more than 70%.

Entergy signs with Hyundai Steel-Posco as part of recent metals deals

In other news, Alcoa plans to invest $65 million to expand and upgrade its Norway smelter for recycled content, and FabArc Steel Supply broke ground on its Oxford, Alabama, headquarters.

Ford’s New EV Plan Already Doomed

The Wall Street Journal asked Hyundai Motor CEO José Muñoz if American car companies can make EVs to compete with Chinese ones. “It is impossible, unless they are subsidized by the government,” he said. The chances that the US government will do that are zero. It would have to hand out billions of dollars like ... Ford’s New EV Plan Already Doomed