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Last updated 1:21AM ET
March 3, 2021
Report: Hyundai Will Build New Vehicle in Alabama
(APR - Alabama Public Radio ) - A trade publication reports that Hyundai Motor Corporation may start to produce a third vehicle at its assembly plant in Montgomery.

Automotive News reported that the South Korean automaker said because of a favorable currency exchange rate with the U.S., it makes sense to build more cars in Alabama, its only plant in North America.

Hyundai currently employs 28-hundred people at the plant, which makes Sonata sedans and Santa Fe sport utility vehicles.

Dong-Jin Kim, Hyundai's chief executive officer, said he wasn't sure yet which vehicle might be added, but said it should be a mid-sized vehicle.

Hyundai began production at the plant in Hope Hull, just south of Montgomery, in 2005.

Last month, the company said it is planning a 270 (m) dollar expansion that would add a second engine production line at the plant. Hyundai said the expansion will create 500 jobs and will build engines for Hyundai and its sister company, Kia.

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