Hyundai considers plan to build a second assembly plant in the U.S.

Article by Christian A., on January 19, 2011

Hyundai is considering a second assembly plant in the United States as growth has been limited due to a lack of production capacity. Executives see continued strong demand for the Sonata and redesigned Elantra that went on sale in December 2010. Both are built at Hyundai's assembly plant in Montgomery, Ala.

Dave Zuchowski, Hyundai's U.S. sales boss said the company's "biggest problem" for next year is that it's not sure it going to have the products to meet demand.

John Krafcik, Hyundai Motor America CEO, said there are no concrete plans for a second assembly plant, but that putting up another plant is in the company's future. In the U.S., Hyundai sold about 540,000 vehicles in 2010, up 24 percent from 2009.

The total included almost 200,000 Sonatas. Hyundai's U.S. market share rose from 4.2 percent in 2009 to 4.6 percent in 2010.

Zuchowski sees a sales increase in 2011, but with its current production capacity, it will mean that the company is short of 600,000 units.

He said the "wild market share increases" that the company had over the last two years are going to be difficult to duplicate, “just because of global capacity.” [via autonews - sub. required]

If you liked the article, share on:

Comments

Recommended

Hyundai is introducing a new 2018 Accent that is not only wider and longer, but is now also sporting a new look that is more serious than the previous model....
by - February 20, 2017
Fans and enthusiasts of the BMW M2 in the United States could now rejoice. This comes as their favorite BMW M2 is getting a limited edition version as prepped by...
by - February 20, 2017
Carmakers usually leave us thirsty for information on whether they would introduce a new, refreshed or face-lifted vehicle and on when they intend to launch it. There are reasons for...
by - February 20, 2017
Cadillac’s CT6 full-size prestige-luxury sedan is still somewhat new. It has been offered to the global auto market for two model years – 2016 and 2017. But for those who...
by - February 19, 2017
In many industries, it is the rivalries that make things exciting. In basketball for example, there is the well-known rivalry between the Los Angeles Lakers against the Boston Celtics. For...
by - February 19, 2017
Facebook

Youtube Channel

Tip Us
Do you have a tip for us?
Did you film an important event?
Contact us
Newsletter
Subscribe to our newsletter!
Subscribe
Galleries