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Hyundai, Kia plan $3.1 billion U.S. investment, consider new plant

UPDATED: 1/17/17 7:22 am ET -- adds analyst comment

Hyundai and Kia said they will spend $3.1 billion in the U.S. in the next five years, joining other vehicle manufacturers in announcing investment plans amid threats from President-elect Donald Trump of higher levies on auto imports from Mexico.

Europe car sales rise nearly 7% to 9-year high in 2016

European car sales rose 6.5 percent to 15.1 million in 2016 -- a nine-year high -- as demand was driven by growth across the region's key markets.

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