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Hyundai Motor America, doing business as Hyundai Motor North America is the operating subsidiary that oversees all operations of Hyundai Motor Company in Canada, Mexico, and the United States. Along with Hyundai's USA manufacturing plant in Montgomery, Alabama called Hyundai Motor Manufacturing Alabama , Hyundai has total of 19 manufacturing ...
Hyundai Glovis operates the rail shipping yard. The success of the HMMA plant and the availability of local suppliers led Hyundai to invest over $1 billion in a new Kia Motors plant in West Point, Georgia. The West Point Kia plant is just over the Alabama state line, less than 85 miles away from the Montgomery plant.
The Santa Fe was a huge hit with American and European markets, despite receiving criticism in the past for Hyundai's obscure looks. It quickly became Hyundai's best seller and was one of the reasons Hyundai survived despite having their sales declined. [162] As of 2020, Hyundai has sold more than 5,260,000 units of Santa Fe globally. [163]
In 2015, Lithia Motors broke into the Fortune 500 list at #482, [11] making it one of only three Oregon-based companies in the Fortune 500. [12] This followed a year that saw the acquisition of the DCH Auto Group, one of the 10 largest dealer groups in the country, with 27 dealerships, before being purchased by Lithia Motors. [ 13 ]
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Hyundai conceived "Concept Genesis" in 2003 and introduced its first model in 2007 as a "progressive interpretation of the modern rear-wheel drive sports sedan". [5] The body design took three years and the total cost of the program was $500 million over a development period of 23 months. Reliability testing ran for 800,000 miles. [6]