Hyundai CEO warns Chinese cars could pressure U.S. market
Hyundai Motor CEO Jose Munoz said Chinese automakers could rapidly pressure the U.S. car market if Washington loosens tariffs and other trade protections, citing Europe as a preview. He said Chinese vehicles are priced roughly 30% to 40% below competing models.
S. car market if Washington eases tariffs and other trade protections, citing Europe as a preview of the potential impact. Munoz said Chinese vehicles are priced roughly 30% to 40% below competing models.