UPDATE 1-Hyundai to make Santa Cruz pickups at Alabama plant in $410 mln expansion

URLhttps://finance.yahoo.com/news/1-hyundai-santa-cru
SourceYahoo Finance
Date Published11/13/2019
Author NameReuters
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Hyundai Motor Manufacturing Alabama
Parent companyHyundai Motor Company
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Total number of jobs (added or to be added):200
Year reshoring announced:2019
Year reshoring implemented or to be implemented:2021
Country(ies) from which reshored:Korea, Republic of
City reshored to:Montgomery
State(s) reshored to:AL
If relevant, work nearshored to:-
Industry(ies):Transportation Equipment
Product(s) reshoredpickup trucks
What non-domestic negative factors made offshoring less attractive?Tariffs
What domestic positive factors made reshoring more attractive?Proximity to customers/market, Other, expanion
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