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

If you are one of those lucky enough to place an order for a final production version of the Mercedes-AMG Project One, here is a good development: Mercedes-Benz’s high-performance arm...
by - September 21, 2018
After months of previewing the e-tron all-electric sports utility vehicle through prototypes wrapped in bright orange and black camouflage, Audi has finally unveiled the final production version of the SUV...
by - September 20, 2018
There have been no straight six-cylinder engines at Fiat Chrysler Automobiles since 2007, when Jeep launched the Wrangler JK generation. While Chrysler had been using straight six-cylinder engines since 1964,...
by - September 19, 2018
Mercedes-AMG’s GT 4-door Coupe models now have a new member, in the guise of the AMG GT 43 4MATIC+. This new model is AMG’s newest entry-level offering, with a price...
by - September 18, 2018
It is better not to expect any new diesel engines from Cadillac, the luxury vehicle division of General Motors. After all, following much considerations of a number of factors, the...
by - September 18, 2018