Dec 5, 2019

Hyundai: BIG Spending ahead. Will it impact the Montgomery plant?



From Autoblog:


SEOUL — Hyundai Motor plans to invest about $51.81 billion (between now and) 2025...a third of the expenditure focused on electric and autonomous vehicles, but analysts want to see it deliver.


"Hyundai is also looking at developing flying cars, which could be commercialized ahead of the most advanced self-driving cars, its executive vice chairman, Euisun Chung, has said.
Ensuring survival is a key task as the auto industry's shift towards zero-emission and self-driving technology requires massive investment at a time of profit pressured by slowing growth, Hyundai said in a presentation to investors."

How all of that would or could impact the only Hyundai plant in the U.S....in Montgomery...is anyone's guess. But any company with a major Montgomery presence spending $51-Billion Dollars is significant.















I wonder if the fact that the first Wright Brothers' flight school was in Montgomery would make locating some-- or all--- of the flying car development here a no-brainer?

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