Hyundai News Bot

Filed under: Plants/Manufacturing, Hyundai, Kia

Hyundai is on a mission to expand its American market share. And so far, the going’s been good for the Korean automaker, which has been taking the fight to its Japanese rivals with increasing ferocity. Now reports indicate that Hyundai-Kia is looking into building a third assembly plant in North America. Only it probably won’t be in the United States – like its existing plant in Alabama and the one being built in Georgia – and it won’t be in Canada either; sources say the third plant is likely to end up in Mexico.

The reports are apparently substantiated by the Mexican government, which is understandably keen to encourage foreign investment. If and when it goes online – it’s targeted for 2013 – the plant could be capable of churning out 150,000 vehicles annually, helping Hyundai quadruple its North American output by 2013. The plant could be used to produce the Hyundai Accent and Kia Rio for North American consumption, but not the Veracruz crossover – which may prove a little confusing, considering that the location Hyundai’s looking at is in Veracruz, Mexico.

[Source: Inside Line]

Hyundai reportedly shopping locations for third North American plant – in Mexico originally appeared on Autoblog on Wed, 18 Nov 2009 15:31:00 EST. Please see our terms for use of feeds.

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