Hyundai Motor Co. will bring home the production of about 70,000 Sonata and Avante sedans from its factory in the US state of Alabama to its Asan and Ulsan factories.
The reshoring, agreed between the company and the union, is to help maintain work for its South Korean employees.
It is the first time that Hyundai Motor Co. has brought overseas output back home.
However, South Korea's top automaker of South Korea will transfer part of the Tucson SUV production from Ulsan, where the production of the new Genesis GV70 SUVs started late last year, to Alabama.
Hyundai Motor Co. has been in negotiating with Apple Inc. to build an electric vehicle.
However, Apple is also discussing the same projects with other auto manufacturers.


U.S. Transportation Board Sends Union Pacific–Norfolk Southern Merger Back for Revision
Jamie Dimon Signals Possible Five More Years as JPMorgan CEO Amid Ongoing Succession Speculation
Taiwan Issues Arrest Warrant for OnePlus CEO Over Alleged Illegal Recruitment Activities
China Halts Shipments of Nvidia H200 AI Chips, Forcing Suppliers to Pause Production
Elon Musk Seeks $134 Billion in Lawsuit Against OpenAI and Microsoft Over Alleged Wrongful Gains
Publishers Seek to Join Lawsuit Against Google Over Alleged AI Copyright Infringement
TSMC Set to Post Record Q4 Profit as AI Chip Demand Accelerates
BYD Shares Rise in Hong Kong on Reports of Battery Supply Talks With Ford
Microsoft Strikes Landmark Soil Carbon Credit Deal With Indigo Carbon to Boost Carbon-Negative Goal
xAI Restricts Grok Image Editing After Sexualized AI Images Trigger Global Scrutiny
TikTok Expands AI Age-Detection Technology Across Europe Amid Rising Regulatory Pressure
One Percent Rule Checklist For Safer Forex Trading Risk
Chevron Set to Expand Venezuela Operations as U.S. Signals Shift on Oil Sanctions
Federal Judge Clears Way for Jury Trial in Elon Musk’s Fraud Lawsuit Against OpenAI and Microsoft
TSMC Shares Hit Record High as AI Chip Demand Fuels Strong Q4 Earnings
Anthropic Appoints Former Microsoft Executive Irina Ghose to Lead India Expansion
Boeing Reaches Tentative Settlement With Canadian Victim’s Family in 737 MAX Crash Lawsuits 



