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 ...
Premium Content (PAID Subscription Required)
"Printer-friendly" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:
All of WardsAuto's reliable, in-depth industry reporting and analysis
Hundreds of downloadable data tables including:
• Global sales and production data by country
• U.S. model-line inventory data
• Engine and equipment installation rates
• WardsAuto's North America Plant by Platform forecast
• Product Cycle chart
• Interrelationships among major OEMs
• Medium- and heavy-duty truck volumes
• Historical data and much more!
Current subscribers, please login or CLICK for support information.