Hyundai to build third North American assembly plant

Here comes Hyundai!

Reports state that the hard charging Korean car maker is going to build their 3rd North American assembly plant in Mexico with production beginning in 2013. It’s amazing how fast Hyundai is growing in NA with all the stiff competition they face….Can they keep up the growth on their own? Time will tell.

According to Edmunds, the government agency Promexico has confirmed that negotiations with Hyundai are well underway. The new factory will likely be built in the Mexican state of Veracruz – which, coincidentally, is the same name as the company’s luxury crossover.

The new plant would build the Hyundai Accent and Kia Rio, boosting the Korean automaker’s North American output by 150,000 units. Construction could begin as soon as 2012, with the plant expected to be up and running by 2013.

  

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