After speaking directly with Hyundai, Leftlane has learned that, despite yesterday’s reports to the contrary, the Korean automaker does not have any intention to open a plant in Mexico.
A report that originated with Edmunds yesterday indicated that the government agency Promexico was in negotiations with Hyundai over a new factory in the state of Veracruz.
However, today Hyundai issued a statement denying any plans to open a Mexican facility:
“The recent report of Hyundai Motor Company planning an investment in a Mexican manufacturing subsidiary is completely groundless,” Hyundai said in a statement released to the media. “Neither HMC nor its affiliates in the Hyundai-Kia Automotive Group have any plans to invest in manufacturing operations in Mexico at this time. ”
11/19, 1:45 PM
posted by:
Borat
I got it! The governor of Veracruz named Hyundai Veracruz its official car and translation turned out to be a factory there. Makes perfect sense.
11/19, 1:46 PM
posted by:
NoMoreGM4Me
Maybe they were filming a new commercial.
11/19, 1:58 PM
posted by:
johnnycanuck
Maybe someone was smoking a Mexican plant when they made the first announcement.
11/19, 2:30 PM
posted by:
DenverGuy217
Maybe the Hyundai exec who originally said it changed his mind after experiencing Montezuma’s Revenge
11/19, 3:46 PM
posted by:
leftwingagenda
omg, this post is so refried…
11/19, 4:39 PM
posted by:
orangecones
Interesting. Does that mean perhaps a 3rd factory in the States in the coming years? Perhaps in the South-West somewhere…since it is where they get their names for the SUV line.
11/19, 5:36 PM
posted by:
zoomzoomer
orangecones.. you read my mind! Tucson or Santa Fe are the most likely locations
11/19, 8:52 PM
posted by:
85ZingoGTR
Why the hell would Hyundai open a plant in mexico?? Leave that sh*t for GM and Chrysler.
11/19, 9:00 PM
posted by:
Borat
don’t discriminate against ford!
11/20, 1:49 AM
posted by:
leftwingagenda
you guys fail for not continuing the mexican jokes, btw…for shame…
11/20, 7:30 AM
posted by:
carstuff
With the dollar dropping korean companies will allso be looking to have more plants locally.