Receive Breaking News updates as they occur
Hyundai Motor Group said Tuesday it will significantly increase its investment in the U.S. while Donald Trump is president and is considering building a new U.S. factory. Chung Jin Haeng, a president of ...
By Aidan Lewis TUNIS (Reuters) - A visit to a Russian aircraft carrier by Libya's Khalifa Haftar has given the eastern–based commander a symbolic boost while also signalling Moscow's interest in a greater role in the region following its intervention in Syria. Haftar is a figurehead for east Libyan factions who harbours national ambitions, and his renewed engagement with Russia comes at a time when the U.N.-supported government in Tripoli that he has shunned is once more in crisis. Russian support could embolden Haftar in making a play for power in Tripoli, a move likely to fuel conflict and represent a major setback for genuine unity government in Libya.
The Hyundai Motor Group said it plans to lift U.S. investment by 50 percent to $3.1 billion over five years and may build a new U.S. plant - the latest auto firm to announce fresh spending after President-elect Donald Trump threatened to tax imports. Under pressure to deliver on campaign promises to revive U.S. industrial jobs, Trump has warned of a 35 percent tax on vehicles imported from Mexico where many automakers have taken advantage of the country's lower labor costs. Toyota Motor Corp , Ford Motor Co and Fiat Chrysler have recently unveiled new U.S. investment plans.