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Hyundai Pumps 0 Million Into Alabama Plant To Secure New Santa Fe Production

Hyundai Pumps $190 Million Into Alabama Plant To Secure New Santa Fe Production

by admin
August 19, 2023
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In a major stride in the direction of enhancing manufacturing and strengthening its foothold within the SUV market, Hyundai Motor Manufacturing Alabama (HMMA) pronounces a significant funding of $290 million. The enterprise is about to gasoline the manufacturing of Hyundai’s SUV fashions, together with the all-new fifth-generation Santa Fe.

Of the overall funding, a considerable $190 million is earmarked for tooling and tools upgrades, primarily geared toward facilitating the manufacturing of the brand new Santa Fe. Since its inception in 2006, HMMA has been assembling the Santa Fe and the brand new era marks the primary full mannequin overhaul since 2018. The SUV is awaiting its place alongside the Hyundai Tucson and Santa Cruz Sport, in addition to each the electrical and gasoline editions of the Genesis GV70 luxurious SUV.

Hyundai invests $290 million into Alabama plant

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“Hyundai’s almost 4,000 Alabama workers have been making a few of the highest awarded automobiles in America for almost 20 years, and the manufacturing of the utterly redesigned Santa Fe mid-size SUV is one other thrilling milestone for the corporate’s Montgomery manufacturing facility,” stated Alabama Governor Kay Ivey. “I can’t wait to see the thrilling new design on roads in Alabama and throughout the nation.”

Along with the $190 million funding within the manufacturing of the Santa Fe, an additional $100 million shall be invested into the continued manufacturing of the Tucson and Santa Cruz. The centerpiece of the funding, nevertheless, is the all-new Santa Fe, which gained a daring exterior design, a spacious inside with sustainable supplies, and a 12.3-inch panoramic curved show in its newest iteration.

Hyundai will promote the mannequin with two powertrain choices in North America. A turbocharged 2.5-liter four-cylinder engine, delivering 277 horsepower and 311 pound-feet of torque, paired with an eight-speed dual-clutch automated transmission is the flagship possibility. A turbocharged 1.6-liter hybrid setup producing 177 horsepower and 195 pound-feet of torque presents a extra environmentally aware different as a base possibility. The automaker is but to announce pricing for the brand new Santa Fe in america.



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