Hyundai Hits The Gas: Bumps Output In Search Of 600k+ Sales
March 19th, 2023 5:27 PM Share
Bloomberg [via Automotive News [sub]] reports:
“We’ve now been able to secure production capacity to safely say that we will surpass 600,000 units,” Mike O’Brien, Hyundai’s vice president for U.S. corporate and product planning, told reporters here Tuesday.
The South Korea-based company said in January it didn’t have enough production capacity to meet that level of U.S. sales.
Since then, Hyundai has raised output at its Montgomery, Ala., plant that makes Sonatas and Elantras, and it will also have a larger supply of the new Accent subcompact from South Korea than initially planned
Published June 15th, 2011 3:30 PM
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9 of 37 comments
Hyundai and KIA deserve to succeed they have good peoducts rhat people want and they have them now not as promised new wonder cars Japan got washed away Detroit is still tripping over itself these guys did the hard part establishing themselves and now they stand ready to clean up
Sorry to piss on the Hyundai love-fest, but to this day, I still have never once seen a Korean car with over 150k on the odometer. Clearly on the dealer lot they present themselves well as being nicely styled and representing great value. But I think people are too quick to elevate them to the level of Toyota/Honda/Nissan. Initial quality on Hyundai's is very good--we know that, but long term durability and low maintenance are very different subjects. I'm not saying Hyundai won't get there, I think they will. But people who buy Toyonda's do so because they are the best at long term durability and low maintenance. Hyundai still has a long ways to go to build an equal reputation.
FYI highdesertcat, all US citizens are subject to US income taxes, irrespective where and how long they are located away from the home base. You may be exempted from paying taxes to your new home, such as US civilians working under the Nato status of forces agreement, but you are still liable for US income tax. Interesting to note, the US is the only country in the world that taxes its citizens, even when they live in a foreign land.
highdesertcat, I worked with the military in Germany, and they all bitched that they had to pay US taxes. FYI IRS form 2251 is the one you use to report income earned outside the US, we used to get an $86,000 exclusion to make up for paying local income taxes. That exclusion can be obtained by filing the above IRS form. Your son might have qualified for the exclusion, ergo no Federal tax, but you being in the military, I think you are mistaken. Of course if you got away with it, more power to you.