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...New factories arose to provide just-in-time parts for two nearby assembly plants — Hyundai in Montgomery, Alabama, and Kia in West Point, Georgia....
...“Hyundai is extremely popular here,” says Todd Strange, the mayor of the Alabama state capital, who estimates that the Hyundai factory has boosted the city’s economy by nearly $2bn since it was established...
...Korean companies such as Samsung and Hyundai have all but caught up with Panasonic, Toyota and the like in the quality of their products – in part because they have mimicked Japanese manufacturing techniques...
...The greatest corporate victims of the Great Recession were developed-market icons like AIG, Citigroup and GM rather than China Life, Itau-Unibanco, or Hyundai Motors....
...The cheers will go up again later this month when Hyundai of South Korea opens a $1bn car assembly line near Montgomery, south of Tuscaloosa....
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