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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.