Auto News

AutoGuide News Blog


The AutoGuide News Blog is your source for breaking stories from the auto industry. Delivering news immediately, the AutoGuide Blog is constantly updated with the latest information, photos and video from manufacturers, auto shows, the aftermarket and professional racing.
 |  May 17 2011, 12:57 PM

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.

[Source: Autoblog]