Hyundai Motor Manufacturing Alabama (HMMA) has announced that it will be investing $290 million to enhance the production of its popular sport utility vehicles.
The company has designated $190 million of this investment for tooling and equipment upgrades to prepare for the all-new fifth-generation Santa Fe production.
When assembly begins later this year, the all-new Santa Fe will join Hyundai’s Tucson SUV, the Santa Cruz Sport Adventure Vehicle, and both the electrified and gas versions of the Genesis GV70 luxury SUV on HMMA’s assembly line.
Ernie Kim, CEO and President, HMMA, noted that an additional $100 million will be invested to support ongoing production of the Tucson SUV and Santa Cruz Sport Adventure Vehicle.
Kay Ivey, Governor, Alabama, stated that Hyundai’s nearly 4,000 Alabama employees have been making some of the highest-awarded vehicles in America for nearly two decades, and the production of the completely re-designed Santa Fe mid-size SUV is another exciting milestone for the company’s Montgomery manufacturing facility.
Steven L Reed, Mayor, Montgomery, said that HMMA is a vital economic engine for the city and the State.
Doug Singleton, County Commission Chairman, Montgomery, said, “Every year that HMMA has been in business in the River Region, Montgomery County has been one of Alabama’s reliable jobs-creation leaders.”
LaBarron Boone, Chamber Board Chairman, Montgomery, stated that during the last two decades, there have been 16 expansions of HMMA, an investment that totals $3.377 billion at just the Montgomery plant alone.
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