Hyundai to Increase U.S. Engine Production
You might have heard whisperings that Hyundai is planning to build a second assembly plant in the U.S. Rumors like that tend to travel fast. Operative word: rumors.
In April, Hyundai CFO, Lee Won-hee, said no such formal plans were in place, but that they could develop if the market continued to improve. What the Korean automaker has confirmed are plans to invest $173 million in their Alabama plant to substantially increasing the production…