SEOUL, Korea—Hyundai Motor Co. is considering setting up a second plant in the United States in an effort to boost production of full-size vehicles in line with rising demand. The new factory, set to be built near the carmaker’s current Alabama plant, would have an annual production capacity of 300,000 units.
SEOUL, South Korea—Hyundai Motor is planning to invest $73 billion worldwide over the next four years to develop new vehicles, expand its production capacity and build a new headquarters.
WEST POINT, GA—Hyundai Dymos is opening a $35 million assembly plant here to supply parts for the nearby Kia Motors assembly plant. The new facility will create 350 jobs.
SEOUL, South Korea—Hyundai Motor Co. has filed a police complaint against 13 labor activists it says led a violent clash at its biggest assembly plant that caused $2 million in damage and left approximately 100 people injured.
ASAN, South Korea—Hyundai will install almost 40,000 solar panels on the rooftop of its assembly plant here. The panels are expected to generate 11.5 million kilowatt-hours of electricity annually.
MONTGOMERY, AL—Hyundai plans to add a third shift at its assembly plant here. Hyundai will add 877 positions, bringing the total number of jobs at the plant to more than 3,000.
SEOUL, South Korea—Hyundai Motor Co.’s limited global production capacity is capping the company’s growth, a top executive says. “Without building a new factory, it is very, very difficult to supply more,” says Lee In-cheol, Hyundai’s vice president of international sales.