By Hyunjoo Jin SEOUL (Reuters) - 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 plant there - 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.
Despite the valiant attempts of Alex Thomson to reel him in, Frenchman Armel Le Cleac'h appeared headed for victory Tuesday in the Vendee Globe solo round the world race with 600 nautical miles to go. Thomson, in his Hugo Boss, has been shaving down his rival's lead in recent days and Sunday set a 24-hour speed record for distance covered in a single hulled yacht in 24 hours, skimming across 536.81 nautical miles of ocean at an average speed of 22.36 knots. With the wind having dropped, the Frenchman was still under pressure to keep the dogged Thomson at bay as they steered towards the English Channel, where northeasterly winds awaited, at an average 17 knots.