The good news: American motorists are clamoring for Hyundai products. The bad news: the Korean maker doesn’t have enough to go around, so it is adding a third shift to its Alabama assembly plant in a move that should squeeze out another 20,000 vehicles annually.
It will also add another 877 jobs at the Montgomery facility, one of two assembly lines Korean manufacturers operate in the United States. And Hyundai joins an array of other automakers, domestic and international, who have been adding thousands of jobs in recent months as the U.S. new car market continues a stronger than anticipated recovery.
Manufacturers are expected to report sales later today that, on an annualized basis would reach at least 14.5 million, more than 1.5 million more than in 2011 if that pace were to be sustained. Koreans Hyundai and Kia have been posting some of the biggest gains of any makers; Hyundai set an all-time record last month, but it has been running into serious capacity problems this year.