Hyundai to expand operations in Alabama
After sales slump, production to jump with new Sonata design
The Birmingham Business Journal reports that Hyundai's plant will be making more Sonata sedans next year, as the South Korean company
Hyundai Motor Manufacturing Alabama spokesman Robert Burns said the plant will begin making the new Sonata model in January that should be ready for sales lots by the end of the first quarter.
Hyundai Motor Co. said it plans to produce 300,000 Sonata sedans and Santa Fe sport-utility vehicles at its plant in Montgomery in 2008, a company spokesman
Hyundai Motor produced 237,000 units at the factory in the first 11 months of this year and expects to build about 250,000 by the end of year, the company said.
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Annual Salary Survey
Before the calendar turned, 2016 already had the makings of a pivotal year for manufacturing, and for the world.
There were the big events for the year, including the United States as Partner Country at Hannover Messe in April and the 2016 International Manufacturing Technology Show in Chicago in September. There's also the matter of the U.S. presidential elections in November, which promise to shape policy in manufacturing for years to come.
But the year started with global economic turmoil, as a slowdown in Chinese manufacturing triggered a worldwide stock hiccup that sent values plummeting. The continued plunge in world oil prices has resulted in a slowdown in exploration and, by extension, the manufacture of exploration equipment.
Read more: 2015 Salary Survey