Author Topic: Time for Hyundai to have a Canadian plant?  (Read 1106 times)

Offline sailor723

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Offline Erik

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Re: Time for Hyundai to have a Canadian plant?
« Reply #1 on: January 18, 2011, 05:36:40 pm »
Didn't we already invest in a plant for them in Quebec some time back?
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UmroAyyar

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Re: Time for Hyundai to have a Canadian plant?
« Reply #2 on: January 18, 2011, 05:38:34 pm »
Quoting from the newspaper comment
Quote
But they would still be considered a foreign company would'nt it?

And Ford building in europe in mexico is still considered a Canadian / American company...

I have never understood this...

 :rofl2:

Offline rrocket

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Re: Time for Hyundai to have a Canadian plant?
« Reply #3 on: January 18, 2011, 05:39:26 pm »
Many car companies are reluctant to invest here (Ontario anyways) due to the militant CAW...
How fast is my 911?  Supras sh*t on on me all the time...in reverse..with blown turbos  :( ...

Offline EV Dan

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Re: Time for Hyundai to have a Canadian plant?
« Reply #4 on: January 18, 2011, 05:44:01 pm »
Tough decision to make at the time of dollar parity. But if they want a plant in Canada, we'd like a 100,000 mile warranty in return  ;)
Give a man a fish, he eats for a day. Teach the man to fish and he wakes you up at 5 in the morning.

CatsEye68

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Re: Time for Hyundai to have a Canadian plant?
« Reply #5 on: January 18, 2011, 05:48:15 pm »
Didn't we already invest in a plant for them in Quebec some time back?

Wiki says this:

Quote
In 1989, Hyundai Auto Canada Inc. opened a stamping and assembly plant in Bromont, employing 800. The 150,000 m2 plant was situated on an 850,000 m2 site, with body, paint and trim shops as well as a pumping station for the plant, a paint residue treatment plant, and administrative offices. The plant cost $387.7 million, with Quebec and Canadian federal government subsidies of $131 million.[10]

The plant was designed to manufacture approximately 2000 Hyundai Sonata's per week.[10] Subsequently, Chrysler and Hyundai considered a joint venture that would have Chrysler rebranding the Sonata manufactured at Bromont — only to later announce the deal had failed. [11] The Bromont plant was operational for four years before it closed in 1994 — with Hyundai's sales unable to support the plant.[12] Hyundai subsequently sold the plant to Olymbec Inc.,[12] which in turn subdivided the plant leasing the former paint and assembly plant to Goodyear at beginning in February 2007 and later the former metal stamping portion of the plant to AAER Inc., a manufacturer of wind turbines based in Quebec.

Offline dougjp

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Re: Time for Hyundai to have a Canadian plant?
« Reply #6 on: January 18, 2011, 06:28:27 pm »
Nope, not economically sound. And then add the CAW factor. Somewhere between their Alabama and Georgia Kia plants makes more sense.

Offline Ex-airbalancer

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Re: Time for Hyundai to have a Canadian plant?
« Reply #7 on: January 18, 2011, 06:31:08 pm »
Nope, not economically sound. And then add the CAW factor. Somewhere between their Alabama and Georgia Kia plants makes more sense.

Why worry about the CAW, no union at Honda or Toyota plants

Offline rrocket

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Re: Time for Hyundai to have a Canadian plant?
« Reply #8 on: January 18, 2011, 06:38:58 pm »
Nope, not economically sound. And then add the CAW factor. Somewhere between their Alabama and Georgia Kia plants makes more sense.

Why worry about the CAW, no union at Honda or Toyota plants

They worry about it.  Windsor lost out on some future investments because of that exact reason.  It was one of the reasons cited for not getting the investment.  Some companies don't want to even take the risk.