Investment in new automotive production assembly has declined over 40% in the first half of 2005 when compared to the same period a year ago, driving home the concerns of many that excess capacity remains an issue. So of the $8.5B that's been spent so far this year, where has it gone? Less than $1B each has been invested into Canada and the United States. The investment of nearly $2B into China shouldn't be much of a surprise, but Thailand is getting $1.2B which is definitely more than I would have expected. Good ol' Iran shows up with just over $1B of investment so far this year. Expect to see those sort of trends continue. Toyota, Nissan, and DCX are each spending nearly a billion or more, South Korean manufacturers are building new plants as if they intend to rule the world, while Ford and Honda are investing next to nothing in additional capacity.
Hi! We notice you're using an ad blocker. Please consider whitelisting Autoblog.
We get it. Ads are annoying. Ads are how we keep the garage doors open and the lights on here at Autoblog - and keep our stories free for you and for everyone. And free is good, right? If you'd be so kind as to whitelist our site, we promise to keep bringing you great content. Thanks for that. And thanks for reading Autoblog.
Here's how to disable adblocking on our site.
- Click on the icon for your Adblocker in your browser. A drop down menu will appear.
- Select the option to run ads for autoblog.com, by clicking either "turn off for this site", "don't run on pages on this domain", "whitelist this site" or similar. The exact text will differ depending on the actual application you have running.
- Refresh the Autoblog page you were viewing. Done!
You still haven't turned off your adblocker or whitelisted our site. It only takes a few seconds.