Hyundai Motor Group poised to gain from US tariffs on Mexican imports

timesnownews.com February 5, 2025, 03:01 PM UTC

Hyundai Motor Group is expected to be less affected by the U.S. plan to impose a 25 percent tariff on goods from Mexico. Analysts note that Hyundai has minimal production in Mexico compared to competitors like General Motors and Ford. Last year, GM exported the most vehicles from Mexico to the U.S., followed by Ford and Nissan. Hyundai's Kia plant in Nuevo Leon shipped 151,000 vehicles to the U.S. in 2024, which is significantly lower than its competitors. Market analysts suggest that the tariffs could raise prices for other automakers, potentially allowing Hyundai to gain market share in the U.S. due to its lower reliance on Mexican production.


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