Industrial Info Tracks $5.5 Billion Worth of North American Automotive Project Starts Through End of Year
SUGAR LAND--September 10, 2018--Researched by Industrial Info Resources (Sugar Land, Texas)--Since his election campaign, President Donald Trump has been encouraging U.S. companies to return and grow operations in the U.S. The administration's strategies may be having some effect: Although the federal government reports that U.S. manufacturing jobs were shed in August, 254,000 jobs have been added in the manufacturing sector since the start of the year. In addition, the administration has been negotiating trade deals with Mexico and Canada. Among the largest of the sectors to be affected by these moves is the automotive sector. Earlier this year, China slapped a 40% tariff on U.S.-manufactured autos in response to the Trump administration placing making billions of dollars of Chinese goods subject to tariffs. How the prospect of a trade war will affect the North American automotive sector is only just beginning to be seen, although companies are making preparations. Industrial Info is tracking nearly $5.5 billion in automotive sector project starts in the U.S., Canada and Mexico from now through the end of the year, including more than $3.8 billion in the U.S.
Within this article: Details of North American automotive projects, including those belonging to Toyota Motor Corporation (NYSE:TM), Fiat Chrysler Automobiles NV (NYSE:FCAU), General Motors Company (NYSE:GM) and Volkswagen AG
