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Short of Inventory, Hyundai Adds 3rd U.S. Shift

Move creating 877 American jobs.

by on May.01, 2012

The new 2013 Hyundai Elantra Coupe with the already wildly popular Elantra sedan.

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.

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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.


Hyundai Eyes Second U.S. Plant

Maker credited with creating 94,000 U.S. jobs.

by on Nov.14, 2011

The 1 millionth Hyundai Sonata rolls off the assembly line at the maker's Alabama assembly pl.ant.

With dealers selling new models like the Elantra and Sonata as soon as the trucks roll up to Hyundai’s U.S. showrooms, the Korean carmaker is beginning to ponder the need for a second American assembly plant.

John Krafcik, Hyundai Motor America president and chief executive officer, said the South Korean maker’s U.S. dealers could easily sell more vehicles but are hampered by shortages of Hyundai’s most popular products, including the new subcompact Accent, which has been all but sold out since it went on sales this past summer.

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Where dealer inventories typically average 60 days, industry wide, that’s down to barely two weeks, according to Krafcik, a one-time senior Ford engineer, who offered a glimpse at some of the Hyundai products to come during a meeting at the Hyundai-Kia Technical Center near Ann Arbor, Mi.