3 Top-Rated Auto Stocks with Dividend Yields Above 3%

Hyundai-POSCO Louisiana Steel seeks $900M in tax-exempt bonds for a $6B low-carbon steel mill in Louisiana, facing opposition. The project aims to supply Hyundai's U.S. auto plants, create 1,300+ jobs, and reduce emissions by 70%. The bond issue and air permit are pending, with concerns over financing, environment, and hydrogen supply.

Honda (HMC) aims to cut $9.4B in costs by 2030, targeting suppliers for 30% reductions in key components, and expanding use of Chinese-made parts. The move follows Honda's first annual loss and over $12B in EV-related losses, as it shifts focus to hybrids. Suppliers face pressure to meet targets, with potential risks to relationships and quality. Hedge funds held HMC in Q2 2026, with holdings value rising to $378.3M.

Hyundai Motor Group, POSCO, and others are investing $5.8B in HPLS, a U.S. steel mill producing 2.7M tons annually, aiming to supply automotive and AI infrastructure. The project, with 70% lower carbon emissions, targets the North American high-value steel market and potential SpaceX supply.

Hyundai Motor Group and POSCO are building a $5.8 billion steel mill in Louisiana, aiming to supply low-carbon steel for automotive, robotics, aerospace, and AI industries. The facility, set to open in 2029, will produce 2.7 million tons of steel annually, with Hyundai holding an 80% stake. The project is part of a $26 billion U.S. investment plan, aiming to strengthen local manufacturing and supply chains.

U.S. President Trump announced a 50% tariff on Canadian-made cars, trucks, and automotive parts starting January 2024. Analysts believe this will impact Toyota and Honda's Canadian manufacturing operations and profits.

Honda's Q1 profit more than doubled to $2.9B YoY, with sales up 13.5% to $38B. Strong U.S. and India vehicle sales offset struggles in China. EV plans scaled back due to costs and policy changes. Honda raised its annual profit forecast to $2.5B. Favorable exchange rates and motorcycle sales boosted results.