The following are transcripts from video interviews/segments.
Coverage: HMMA and Suppliers Generate Total Impact of $3.8 Billion to Alabama’s Economy:
MELISSA JOHNSON: Well, HYUNDAI motor manufacturing Alabama, or HMMA, and it’s suppliers generated a total impact of 3.8 billion dollars to Alabama’s economy, last year alone. For you business minds out there, that is 2 percent of the states real gross domestic product. The study was done by Dr. Keivan Deravi, assistant to the chancellor and professor of economics for AUM.
He released these results this morning at the chamber breakfast with elected officials. He says, while most manufacturing sectors in the US were decreasing last year, HYUNDAI was increasing and HYUNDAI leaders say, they’re proud to have been an economic engine for growth in the state.
RICK NEAL: “The economic impact is not just limited to HMMA in Montgomery. We have a number of suppliers located throughout the state who are bringing jobs and economic growth to places that didn’t have jobs and economic growth in the past and I think that based on the overall impact on the state it just shows how viable and important HYUNDAI is to the state and local economies.
MELISSA JOHNSON: In 2010, the company put 34-thousand people to work statewide. That’s about 2 -hundred at HMMA, here in Montgomery, the rest are employed at their tier one and tier two suppliers throughout the state. Tanya.
ANCHOR: Alright Melissa, thanks so much. Melissa Johnson reporting live in our newsroom this afternoon. HYUNDAI celebrated its grand opening in Montgomery back in 2005. They produce around 300,000 vehicles every year. Right now they produce the 2012 Elantra and Sonatas.
RICK NEAL: The economic impact is not just limited to HMMA and Montgomery we have a number of suppliers located throughout the state who are bringing jobs and economic growth to places that didn’t have jobs and economic growth in the past.
ANCHOR: In 2010, the company put 34,000 people to work statewide, they produce about 300,000 vehicles a year and right now the 2012 Elantra and Sonata.