Hyundai US Plant Rumors Shot Down
Recently there has been a lot of rumors and speculation that Hyundai will be building a US based factory. Well, the latest news had Hyundai’s Chairman Chung Mong-koo on record saying ”We have no plan for a new U.S. factory for now,”.
Rumors originated when South Korea Financial News said Kia was in talks with Georgia about constructing a plant. After which Hyundai denied, but then was rekindled when Chung said last week that Hyundai “will look into whether there are opportunities” to expand production overseas.
So can we finally put these rumors to bed?