Several automakers reported strong first-quarter sales, suggesting buyers are snapping up new vehicles before tariffs on auto imports take effect.

Automakers including General Motors Co. and Hyundai Motor Co. reported higher US auto sales as the threat of price hikes from President Donald Trump’s tariffs drove consumers to showrooms.

It's the largest investment ever in the U.S. for the South Korean conglomerate according to its chairman Euisun Chung.