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    A126560   KR7126560002

HYUNDAI FUTURENET CO., LTD

(A126560)
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Hyundai Futurenet : Motor Manufacturing Alabama Celebrates Launch of All-New 2022 Santa Cruz

06/23/2021 | 11:12am EDT

Montgomery, Ala- Hyundai Motor Manufacturing Alabama (HMMA) celebrated the launch of the all-new 2022 Santa Cruz Sport Adventure Vehicle on Tuesday, June 22, 2021. The Santa Cruz joins the Sonata and Elantra sedans and Santa Fe and Tucson SUVs on the Montgomery assembly line. This addition marks the first time HMMA has produced five vehicles at once.

The highly-anticipated Santa Cruz Sport Adventure Vehicle shatters both SUV and truck segments, creating an entirely new vehicle category. The Santa Cruz features a secure, open bed area which includes a lockable tonneau cover and hidden bed storage for diverse gear-carrying flexibility.

'Santa Cruz, with its bold styling, breaks open an all new segment territory, both for Hyundai and the industry as a whole. Open-bed flexibility coupled with closed-cabin security meets the changing everyday needs of its adventure-oriented buyers, while powerful and efficient engines and superb maneuverability ensure it is a pleasure to drive in urban or off-road environments. Our customers will wonder just how they managed before owning one,' said Jose Munoz, president and CEO, Hyundai Motor North America.

HMMA recently completed a plant expansion project to support adding the Santa Cruz to HMMA's product mix. The addition of the Santa Cruz will further enhance HMMA's ability to adjust its vehicle production with market demand and stay competitive in the ever-changing automotive market.

'We are excited and honored to be producing Hyundai's first open bed vehicle for the North American market,' said HMMA President and CEO, Ernie Kim. 'The launch of the Santa Cruz is a further testament to the trust Hyundai Motor company puts in HMMA and our Alabama home. I am so proud of our Team Members for accomplishing this achievement while the world is going through such difficult times. We can't wait for our customers to experience the innovative design and world class quality the Santa Cruz will bring to the table.'

The addition of the Santa Cruz will continue to sustain high-quality jobs at HMMA and throughout its supplier base.

The 2022 Hyundai Santa Cruz will begin arriving in U.S. dealerships later this summer.

For features and technical specifications please visit HyundaiNews.com

https://www.hyundainews.com/en-us/models/hyundai-santa_cruz-2022-santa_cruz

Hyundai Motor Manufacturing Alabama, headquartered in Montgomery, Ala., is an independent manufacturing operation of Hyundai Motor Company, based in Seoul, Korea. HMMA currently produces the Hyundai Sonata, Elantra, Santa Fe, Tucson and Santa Cruz. Hyundai cars and sport utility vehicles are distributed throughout the United States by Hyundai Motor America and are sold and serviced by more than 820 Hyundai dealerships across North America.

Contact:

Robert Burns

Vice President - HR & Administration

(334) 387-8010

(C) 2021 Electronic News Publishing, source ENP Newswire

Stocks mentioned in the article
ChangeLast1st jan.
HYUNDAI FUTURENET CO., LTD -1.83% 4565 End-of-day quote.18.42%
HYUNDAI MOTOR COMPANY 0.48% 209000 End-of-day quote.8.85%
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Financials
Sales 2020 308 B 261 M 261 M
Net income 2020 -29 446 M -24,9 M -24,9 M
Net cash 2020 264 B 223 M 223 M
P/E ratio 2020 -14,4x
Yield 2020 2,08%
Capitalization 503 B 425 M 425 M
EV / Sales 2019 0,07x
EV / Sales 2020 0,52x
Nbr of Employees 32
Free-Float 31,4%
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Sung-Taek Ryu Chief Executive Officer & Director
Seung-Kwon Park Independent Director
Hyeong-Oh Lee Independent Director
Min-Woong Jeong Independent Director
Young-Sik Yoon Director
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