Hyundai Motor has stopped plans to produce pick-up trucks at a new Kia factory in the US and may make more fuel efficient Hyundai cars there instead.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Discover B2B Marketing That Performs

Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.

Find out more


The decision was due to falling demand for ‘gas-guzzling’ vehicles amid record high oil prices, according to ft.com.


The report said Kia had planned to build mid-sized trucks at a new factory in Georgia.


Hyundai would review the plan when US economic conditions improve, it added.

GlobalData Strategic Intelligence

US Tariffs are shifting - will you react or anticipate?

Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.

By GlobalData

Just Auto Excellence Awards - The Benefits of Entering

Gain the recognition you deserve! The Just Auto Excellence Awards celebrate innovation, leadership, and impact. By entering, you showcase your achievements, elevate your industry profile, and position yourself among top leaders driving automotive industry advancements. Don’t miss your chance to stand out—submit your entry today!

Nominate Now