Despite having fewer manufacturing plants than 1999, when US auto production reached an all-time fourth-quarter high of 4.28-million units, US factories are expected to make 4.02-million light vehicles in the period from October to December, Wards Auto reports. It would mark the best fourth quarter in 14 years, and the fourth best ever.
A growing number of foreign automakers have been shifting more vehicle production to the US – including recent announcement by Nissan and Honda – but Toyota could be on the verge of taking an unprecedented step by producing all of the cars it sells in the US right here in North America. According to the Detroit Free Press, Bill Fay, VP and GM of Toyota US, hinted at such a possibility, but the wording in the report makes it sound like this is far from a done deal and would not apply
With its influx of popular new products made in the US, Ford Motor Company has announced that it intends to hire 2,200 new salaried workers domestically this year. This is the biggest increase of salaried workers for Ford in the last 10 years, and it is all a part of Ford's contract commitment to the United Auto Workers union to bring 12,000 new jobs to the US by 2015.
If you think life can't get any worse for the bloodied and battered Detroit three automakers and their suppliers, you're wrong – at least according to a new study from Grant Thornton LLP's Corporate Advisory and Restructuring Service. The accounting and management consulting firm used data from CSM worldwide that forecasts U.S. automakers will produce fewer vehicles on U.S. soil than Asian and European automakers by the year 2012 despite an expected return to profitability.