Hyundai will invest $173 million to modify and expand its Alabama engine plant. The expansion also includes a new engine program for the Hyundai Elantra, with a target completion date of March, 2o12. Hyundai will also hire 214 new workers within the plant to build the new engines.
There have also been informal discussions regarding a new U.S plant with at least three states in the Southeast. Hyundai CFO Lee Won-hee stated with the improvement in the auto market, Hyundai could consider building a second U.S factory. Hyundai’s sales have improved by 31 percent so far in 2011.