Hyundai to invest $173 million in Alabama plant

2011 Hyundai Elantra

The state of Alabama said that Hyundai will invest $173 million to expand and modify an engine plant, an investment that will create 214 new jobs.

The expansion, which is expected to be completed in the autumn and scheduled to start production in March 2012, will make the NU engine for the Elantra being produced at the automaker’s Montgomery, Alabama plant.

The Alabama plant already produces two of the hottest selling Hyundai models in the U.S. market – the Sonata and the Elantra. The assembly line operates as much as 20 hours per day during weekdays and on some Saturdays to meet demand. Reports suggest that a second Hyundai U.S. assembly plant could follow.

Hyundai’s U.S. sales are booming and the automaker is the fastest growing major automaker in the region.

– By: Omar Rana

Source: Automotive News