Hyundai Motor Company (HMC) has announced that it is beginning negotiations in the final phase of its process to select the site for its first automobile assembly plant in the United States.
After two years of preliminary study and nearly one year of detailed analysis, HMC has decided that either Montgomery, Alabama or Glendale, Kentucky will provide it with the best location. HMC expects to announce its final site selection this spring.
The company says that the final decision will be based on ‘literally hundreds of tangible and intangible factors’.
Among the criteria that distinguished Kentucky and Alabama were a ‘high-quality physical site, with good shape and geological characteristics’. HMC also says that both also offer a growing automotive industry and a supplier base, as well as experience in assimilating auto assembly plants.