Automakers Increase Production Capacity at U.S.Factories
Washington DC August 8, 2013; The NADA reported that automakers, enjoying the best U.S. sales since 2007, disclosed plans to spend $434 million to boost their capacity to make vehicles and engines.
According to Automotive News; Chrysler Group LLC announced that it will add capacity and almost 300 jobs at a Michigan engine plant. Ford Motor Co. said it's looking to squeeze more vehicles out of every North American factory. Honda Motor Co. said today it will invest $215 million in Ohio, including about $180 million at an engine plant.
The carmakers are responding to increased sales, including a 14 percent July jump in U.S. car and light-truck deliveries to 1.3 million, according to the Automotive News Data Center. The annualized industry sales rate, adjusted for seasonal trends, was 15.8 million, accelerating from 14.2 million a year earlier.
The July results keep the U.S. on track for its best year since 16.1 million vehicles were sold in 2007.