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  • Automobiles: Hyundai to invest W419b (US $388M) to expand Alabama plant

    05/29/2018 9:20:02 PM PDT · by 2ndDivisionVet · 24 replies
    The Investor ^ | May 30, 2018 | Song Seung-hyun and newswires
    Hyundai Motor said on May 30 it will invest 419 billion won (US$388 million) to construct an engine head production facility at its existing Alabama plant. Engine heads to be produced at the Alabama plant will be used in new models of the Sonata and Elantra sedans. The head machining plant is scheduled for completion in November, Korea’s biggest carmaker said in a statement. The Alabama plant will have further room to produce engine products in addition to its two existing engine assembly lines. Hyundai plans to begin producing the Theta III engine for the Sonata sedan and the Santa...