Hyundai and LG Energy Solution are spending an additional $2 billion and hiring an extra 400 workers to make batteries at the automaker's sprawling U.S. electrical vehicle plant that is under construction in Georgia.
The home of Georgia Tech football has been renamed Bobby Dodd Stadium at Hyundai Field following a naming rights agreement between the school and the automaker. The Georgia Board of Regents says Hyundai will pay Georgia Tech approximately $55 million over 20 years for naming rights to the field.
The Georgia Ports Authority said Tuesday that the Port of Savannah handled 5.4 million container units of imports and exports in the 2023 fiscal year that ended June 30.
Kia Corp. will invest $200 million in its Georgia factory to begin producing an electric-powered SUV. The South Korean company said Wednesday that it would hire an additional 200 workers to begin producing its large EV9 vehicle in West Point by early 2024.
Gov. Brian Kemp is escalating his attack on President Joe Biden's electric vehicle policy. Kemp spoke Tuesday at the groundbreaking for a company that got more than $100 million in federal funding to refine graphite for electric batteries. But Kemp says Biden's infrastructure law wrongly puts the government's "thumb on the scale."
Georgia Gov. Brian Kemp is making his third overseas trip since he was reelected. The Republican is leaving Tuesday for a weekslong trip to the nation of Georgia and then France to aid aerospace recruitment at the Paris Air Show. Kemp's administration says he will be the first American governor to visit the nation of Georgia.
Hyundai and LG Energy Solution say they will build a $4.3 billion electric battery plant in Georgia. The factory would be on the site of the new electric vehicle assembly plant that Hyundai Motor Group is building near Savannah.
The settlement covers some 9 million owners of Hyundai or Kia vehicles. Affected models have been the target of thieves, fueled by a deadly trend that spread on social media.
Some insurance companies have stopped issuing new policies for models that are subject to a high rate of thefts, but consumers are still able to buy the cars.
Hyundai and Kia are telling the owners of more than 571,000 SUVs and minivans in the U.S. to park them outdoors because the tow hitch harnesses can catch fire while they are parked or being driven.
