GM, Toyota to boost N. American capacity

Jan 17, 2013 | 02:41 PM | Corinna Petry

Tags  General Motors, Toyota Motor Sales, manufacturing capacity, Mark Reuss, James Lentz, U.S. sales, Automotive News World Conference, Deutsche Bank Access Global Auto Industry Conference Corinna Petry

CHICAGO — Executives at General Motors Co. and Toyota Motor Sales USA have outlined plans to boost North American manufacturing capacity, citing the growing driving-age population, the aging fleet of vehicles on the road, an increase in Hispanics’ buying power and customers’ ready access to loans as solid drivers for auto sales.

Detroit-based GM has launched facility investment in the region of more than $10.2 billion since July 2009, North America president Mark Reuss said Jan. 16 at the Automotive News World Congress.....

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