South Korea’s Hyundai Motor Co. Ltd. chooses Montgomery, AL, as the site of its first U.S. assembly plant. The $1 billion site, to be operational by 2005, will create 2,000 jobs. Hyundai says in a statement that the plant will sit on 1,600 acres (647.5 ha) and will have a maximum capacity of 300,000 units annually. Groundbreaking is set for April 16. The auto maker likely will build a new compact SUV at the plant and possibly a midsize sedan. There is no word as to whether Kia Motors ...
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