Hyundai to open new US factory in 2019

Hyundai will open a new factory in the United States next year, the company announced Monday.

Hyundai said in a statement that the company will open its new U.S. plant in 2020, a move that the Korean automaker hopes will spur investment in its U.K. factory.

The announcement comes as Ford has announced plans to build a new plant in Detroit and Toyota is expanding its plant in Huntington Beach, California.