Hyundai cuts Santa Fe prodcution (U.S)

Following a 10.6% drop in net profit during the second quarter, Hyundai is cutting back on production of the Santa Fe in their Montgomery, Alabama plant. Production will be cut down by 40,000 units due to slowing sales and sky-rocketing fuel prices.Hyundai has already cut production of the Santa Fe over the last several months, and increased the output of the Sonata sedan. Thus, Hyundai will not