DETROIT -- Hyundai Mobis opened a plant here today to supply front and rear suspension modules for the Jeep Grand Cherokee built at Chrysler Group’s Jefferson North assembly plant.
The factory, which received $23 million in new investment, will add a second shift in July, Joon-hyung Lee, COO in charge of Hyundai Mobis’ global business division, said during ceremonies at the plant.
The Korean supplier took over the plant from ArvinMeritor Inc., which is leaving the light-vehicle business.
Bob King, the UAW executive vice president who is expected to be elected UAW president at the union’s national convention in Detroit on June 16, praised Hyundai Mobis for keeping the plant open.
“When you do it in an urban environment, we really appreciate that social commitment,” King said. The factory’s workers are members of UAW Local 600.
Hyundai Mobis ranks No. 20 on the Automotive News list of the top 150 suppliers to North America with parts sales to automakers in North America of an estimated $1.44 billion in fiscal 2009.