U.S. Automakers Gear Up for Maintenance as Market Wavers

September 13, 2022--Researched by Industrial Info Resources (Sugar Land, Texas)--Despite the persistent problem of inflation, automotive demand among U.S. consumers is holding steady. But supply constraints are hurting the ability of auto dealers to meet that demand, which is sending the price of new cars only higher. With all the unpredictable economic factors, automakers are trying to keep their existing plants in the best possible shape, as some might not be able to build new plants in the foreseeable future.

Industrial Info is tracking about 320 maintenance-related projects at automotive and automotive-related plants that are set to kick off before the end of the year. Kentucky leads all other states in the number and total investment value (TIV) of fourth-quarter maintenance projects. Another state expected to see more new manufacturing plants is Illinois, where Governor J.B. Pritzker is prioritizing workforce training and other support for the industry.

Companies featured: Mitsubishi Corporation, Accuride Corporation, Ford Motor Company (NYSE:F), SK Innovation Company Limited, Toyota Motor Corporation (NYSE:TM), Eagle Wing Industries Incorporated, Mercury Products Corporation, Blue Bird Body Company and IC Bus of Oklahoma LLC