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Hyundai’s Swift Growth Lifts Alabama’s Economy
New York Times ^ | February 18, 2011 | NICK BUNKLEY

Posted on 02/19/2011 1:15:34 PM PST by reaganaut1

MONTGOMERY, Ala. — Few people in this city 800 miles south of Detroit cared much about the auto industry until Hyundai announced it would build cars here nine years ago.

These days, Montgomery cannot stop talking about it.

Hyundai and its sister company, Kia, which opened a plant last year just across the Georgia state line, have brought thousands of well-paying jobs to the region and even helped nurture a little Korean culture in Montgomery, the first capital of the old Confederacy. Hyundai is running its Montgomery plant almost nonstop. Rarely do more than a few weeks pass without word that another parts supplier has dozens of new positions to fill, typically offering good benefits and double the pay that the average Alabaman earns.

Hyundai, which will observe its 25th anniversary selling vehicles to American drivers on Sunday, was little more than an ambitious, second-tier brand when it chose to build its first United States car factory just south of Montgomery. But during the recent recession, the South Korean company thrived as Americans sought out cheap cars just as Hyundais were improving in quality.

In 2010, Hyundai and Kia each posted their highest sales in the United States and, taken together, surged ahead of Ford Motor to become fourth-largest automaker worldwide. Hyundai built 300,000 cars in Montgomery last year and sold most of them in the United States.

“If folks looked deeply at how far we’ve gone so quickly, from having no U.S. production five years ago to where we are today, it’s amazing,” John Krafcik, chief executive of Hyundai Motor America, said. “I don’t know that any company has gotten to such a high level of local assembly as Hyundai that fast.”

(Excerpt) Read more at nytimes.com ...


TOPICS: Business/Economy; US: Alabama
KEYWORDS: automakers; autos; cars; economy; hyundai; manufacturing
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To: kbennkc

Nice looking ride. What is under the bonnet?


21 posted on 02/19/2011 1:38:52 PM PST by Army Air Corps (Four fried chickens and a coke)
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To: kbennkc

“It looks like Rush’s Maybach.”

He could keep one in the trunk.


22 posted on 02/19/2011 1:39:18 PM PST by jessduntno ("That 3 a.m. phone call from Egypt to Obama went right to the answering machine." - Sarah Palin)
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To: radioone
Those new Kia Optimas are really nice looking as well. The Koreans have gotten serious about building cars.

Free Image Hosting

23 posted on 02/19/2011 1:39:28 PM PST by RegulatorCountry
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To: RegulatorCountry

Hyundai and Kia are owned by the same company, and many of their cars are now “related” like Chevy and Buick (run on same/similar platforms.

We bought a Hyundai last year and my wife is very pleased with it. It was a great value. I did try to buy American but F was way overpriced (and don’t deal) and GM was slightly overpriced and had really cheap-looking interiors - besides being “on allocation”, which I think was a trick to create an artificial shortage to keep the price high. Well, eventually, someone will buy my GM car.

Their styling is done in the US, I believe. They do tend to copy the styling of other manufacturers, but the cars really do look good.


24 posted on 02/19/2011 1:48:17 PM PST by The Antiyuppie ("When small men cast long shadows, then it is very late in the day.")
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To: RegulatorCountry

I had a Kia sorento- 5 sp auto with od- 265 hp 25 mpg- fun to drive and fast


25 posted on 02/19/2011 1:53:20 PM PST by mriguy67
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To: reaganaut1
The United Automobile Workers union has long tried to organize plants in the United States operated by foreign carmakers, most of which are in the South, but has yet to succeed anywhere.


Bob King, president of UAW

26 posted on 02/19/2011 1:58:05 PM PST by winstonwolf33
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To: reaganaut1
I would bet money on the fact that a whole bunch of the workers don't speak ia de english the ones building it and the ones widen i85 to it didn't.
27 posted on 02/19/2011 1:58:13 PM PST by org.whodat
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To: reaganaut1
Hyundai and its sister company, Kia

I did not know Kia was a sister to Hyundia but it makes sense and interestingly I have seen a lot of Kia's on the road lately.

28 posted on 02/19/2011 2:02:18 PM PST by SouthDixie (The secret to staying young is to live honestly, eat slowly and lie about your age.)
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To: reaganaut1

It’s easy to understand why the Koreans would favor the South over the North...


29 posted on 02/19/2011 2:06:39 PM PST by Tex-Con-Man
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To: Army Air Corps
4.6 litre V8 (about 280 ci for NASCAR Fans)

385 hp at 6500

385 lb ft torque at 3500

119.9 inch wheelbase and 4400 lbs it is not a small car

30 posted on 02/19/2011 2:13:17 PM PST by kbennkc (For those who have fought for it, freedom has a flavor the protected will never know.)
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To: Tex-Con-Man
It’s easy to understand why the Koreans would favor the South over the North...

They know northerners have no electricity.

The lights are real. The boundaries are added on, in case Sheila Jackson Lee is still a Freeper.

31 posted on 02/19/2011 2:17:59 PM PST by kbennkc (For those who have fought for it, freedom has a flavor the protected will never know.)
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To: kbennkc

Just tell her it’s a flag on mars. She will understand.


32 posted on 02/19/2011 2:19:35 PM PST by eyedigress ((Old storm chaser from the west)?)
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To: reaganaut1
Some other good news for Alabama:

The largest private investment ever made in the USA, the ThyssenKrupp Steel USA, plant is coming on-line just north of Mobile.

We expect (Boeing be damned) to land the $35 billion US Air Force tanker contract here in Mobile within the next couple weeks.

BTW, we won it once but Boeing pulled political strings and had the award cancelled.

33 posted on 02/19/2011 2:22:39 PM PST by blam
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To: kbennkc

Nice bit of power there. How quick is she off the line?


34 posted on 02/19/2011 2:25:28 PM PST by Army Air Corps (Four fried chickens and a coke)
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Comment #35 Removed by Moderator

To: reaganaut1
My daughter just bought a Hyundai Genesis Coupe after her Audi TT was stolen and wrecked. I had a blast driving it and my wife wants to buy one after we move to California later this year.

I would be all over a Sonata for myself were I not already going for the Nissan Leaf. (I'm buy it for purely nerdy as opposed to ecological reasons)

36 posted on 02/19/2011 2:25:37 PM PST by WalterSobchak2012
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To: kbennkc

A Picture is worth 1 000 000 000 000 000 000 000 000 000 000 000 000 Words.


37 posted on 02/19/2011 2:26:52 PM PST by Koracan
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To: reaganaut1

I wanted to buy American but not UAW built and my 2011 Sonata has ended up being the perfect car for me. It’s sleek, elegant, comfy, has all the gadgets I need in it and gets really great milage. My round trips always average 36mpg or higher yet the 4 cylinder has more pep than I need. Never been happier with a new car and I’ve had many in my 70+ years.


38 posted on 02/19/2011 2:29:17 PM PST by Joan Kerrey
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To: WalterSobchak2012

The Leaf? Seriosuly?


39 posted on 02/19/2011 2:35:27 PM PST by Army Air Corps (Four fried chickens and a coke)
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To: Red Badger

Auto Ping.


40 posted on 02/19/2011 2:36:27 PM PST by Army Air Corps (Four fried chickens and a coke)
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