To fill the 1,454 regional vacancies expected by 2025, the study recommends training and recruitment programs for high school graduates: 84% of new hires currently have no more than a high school diploma.
Hyundai has joined Honda and Toyota in raising factory worker wages after the United Auto Workers union reached new contract agreements with Detroit automakers. Hyundai said Monday that it will raise factory worker pay 25% by 2028. That matches the general wage increase won by the UAW during that period.
More than 1.6 million Hyundais and 1.7 million Kias are at risk of engine compartment fires. Owners of the affected vehicles are urged to park them outside and away from homes and buildings.
Hyundai is rushing to start electric vehicle and battery production at a $7.6 billion complex in coastal Georgia, spurred by federal electric vehicle incentives that reward domestic production.
Georgia will give Hyundai Motor Group a projected $2.1 billion in tax breaks and other incentives to build electric cars and batteries in the state. That amount is up by nearly $300 million after Hyundai and battery make LG Energy Solution announced last month that they would raise their own investment at the complex west of Savannah by more than $2 billion.
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.
