The Korean automaker, Hyundai is considering construction of a second auto-making facility in the United States to keep up with rising demand for their brand.
“That’s something that we’re going to look at,” John Krafcik, Hyundai Motor America CEO, said last week at the Detroit auto show. “We’ll look at how we do in 2011 and make our decision probably after this year.”
According to insiders, Hyundai’s existing plant, in Montgomery, AL, has already farmed out production of the Santa Fe SUV to Kia, who builds in in their West Point, GA, manufacturing plant. The plant already is at full capacity. It’s running two 10-hour shifts five days a week and weekend shifts “whenever possible,” Krafcik said.
The Korean automaker sold in 2010 a total number of 530,000 cars in the U.S., a year in which most companies were still licking their wounds after the financial crisis. The company has set new sales records in the United States in 2010.
The 2011 Sonata mid-size sedan led the way with 200,000 total sales. The compact Elantra also sold well, but an all-new 2011 model is expected to vault the Hyundai’s fortunes ahead in that segment the way the 2011 Sonata did in the mid-size group.