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.....





Latest Pricing Trends

Poll

Do you think steel mills will succeed in their efforts to stop selling at a discount to the CRU index?

Yes
No
It’s too early to tell


View previous results

AMM Events


Quote

This whole thing is becoming a game of smoke.

Midwest service center