Auto is ‘shining star’ of manufacturing
Sep 11, 2013 | 12:05 PM
| Corinna Petry
SCHAUMBURG, Ill. The auto industry is the shining star of North Americas manufacturing sector, according to IHS Automotive Consulting managing director Michael Robinet.
Annual sales of 16 million vehicles are sustainable possibly to 2020, he said, with a world total of around 106 million light vehicles annually by the end of the decade, including 18 million within the North American Free Trade Agreement region.
"Welcome to Utopia, better known as automotive," Robinet told attendees at the Metals Service Center Institutes Economic Summit in the Utopia conference room at the Schaumburg Convention Center.
North American automakers today are concerned with capacity constraints, lightweighting and how fast they can create a sophisticated supply chain and infrastructure to competitively build vehicles in Mexico, which lacks automotive-quality steel production.....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.