More U.S. factory output for Hyundai?

ITAR-TASS 75: KEMEROVO REGION, RUSSIA. APRIL 14. The pictures shows Hyundai buses and trucks produced by Hyundai Motor and Kuzbass Auto joint plant under the brand of Kuzbass. (Photo ITAR-TASS/ Alexander Kolbasov) Photo via Newscom

Hyundai keeps chugging along and now plans expansion of it’s factory capacity in the U.S. It’s really no surprise that Hyundai will be looking to either expand or build more assembly plants in North America in the near future as sales for the Korean company continue to grow. Last month (July 2010) Hyundai’s U.S. sales set a record with 54,106 units sold which is a 19 percent increase from a year ago.

The U.S. car market is steadily fighting back and if and when things really get going Hyundai is preparing to be an even bigger player.

From Auto

TRAVERSE CITY, Mich. — Hyundai Motor Co. needs more factory output in the United States and will announce plans to expand production within the next month or so, John Krafcik, CEO of Hyundai Motor America, said today.

The automaker’s plant in Alabama, which makes the Sonata sedan and Santa Fe crossover, is running at maximum overtime right now and still struggling to meet sales demands, Krafcik said at the CAR Management Briefing Seminars here.

He declined to say what shape the new U.S. production would take, but said, “We know we have to grow U.S. production.”

Read the full article here.


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