Hyundai Motor Group said Tuesday it will significantly increase its investment in the U.S. while Donald Trump is president and is considering building a new U.S. factory. That represents a 50 percent increase from the $2.1 billion the companies invested in the U.S. in 2012-2016. Earlier this month, Ford announced it had scrapped plans to build a new $1.6 billion small-car factory in Mexico while Fiat Chrysler announced a $1 billion investment plan in its two U.S. factories. That Mexico plant is now "a source of worry" for the carmaker, Chung said, without elaborating why. He denied that political pressure was behind the company's announcement of its U.S. investment plan.

Source: ABC News January 17, 2017 07:08 UTC