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Released October 04, 2019 | SUGAR LAND
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Researched by Industrial Info Resources (Sugar Land, Texas)--With some exceptions, the most recent vehicle sales numbers reported by major U.S. automakers weren't very good, ranging from double-digit drops to flat year-on-year results. Some automakers reported that September sales were down in comparison with those a year earlier because September 2018 was a five-weekend month, including Labor Day, which is a major selling holiday.
Despite all this, Industrial Info is tracking more than $15.4 billion in U.S. automotive projects that are in the construction phase.
Click on the image at right for a graph showing U.S. automotive project activity in the construction phase by market region.
General Motors (GM) (NYSE:GM) (Detroit, Michigan) reported its dealerships delivered 738,638 vehicles in the just-ended third quarter, up 6.3% from the same quarter a year earlier.
Industrial Info is tracking GM's $22 million automotive manufacturing plant equipment addition at the company's Spring Hill, Tennessee, site. The project, which is expected to see completion this quarter, includes retrofits to existing engine production equipment and the installation of new supporting equipment and systems to expand production of 6.2-liter V8 engines. The plant currently produces 200,000 engines per year. For more information, see Industrial Info's project report.
Fiat Chrysler Automobiles (FCA) (NYSE:FCAU) (London, England) reported 565,034 vehicles were sold in the third quarter, which is roughly flat with those sold in third-quarter 2018. Industrial Info is tracking a $1.6 billion assembly plant conversion at FCA's Mack Engine Plant Complex in Detroit. The work comprises a 600,000-square-foot building expansion at the idled Mack Engine Plant II facility and upfits to the Mack Engine I facility to convert the complex into a vehicle assembly site for the next-generation Jeep Grand Cherokee and other vehicles. Construction began in August and is planned for completion in fourth-quarter 2020. For more information, see Industrial Info's project report.
Toyota Motor Corporation (NYSE:TM) (Toyota, Japan) reported 169,656 in U.S. vehicle sales for September, down 16.5% from a year earlier. Industrial Info is tracking construction of the $1.6 billion Toyota-Mazda Vehicle Assembly Plant in Huntsville, Alabama. Following its planned completion in mid-2021, the 3.3 million-square-foot complex will produce 300,000 vehicles per year. For more information, see Industrial Info's project report.
Hyundai Motor America, part of Hyundai Motor Company (Seoul, South Korea) reported September sales of 51,951 units, a 9% decrease in comparison with September 2018, following two months of double-digit sales growth in July and August. Overall, Hyundai said it closed the third quarter with total sales of 173,028, a 5% increase over the third quarter of 2018. In Montgomery, Alabama, Hyundai is retooling its Engine Plant #2 at an estimated cost of $400 million. The retool will increase the facility's manufacturing capacity from the current 370,000 vehicles per year. For more information, see Industrial Info's project report.
Ford Motor Company (NYSE:F) (Dearborn, Michigan) reported 580,251 in vehicle sales for the just-ended third quarter, down 4.9% from third-quarter 2018. Ford reported that the company is in a transition as it moves away from sedans to more production of trucks and sports utility vehicles.
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn. For more information on our coverage, send inquiries to info@industrialinfo.com or visit us online at http://www.industrialinfo.com.
Despite all this, Industrial Info is tracking more than $15.4 billion in U.S. automotive projects that are in the construction phase.
General Motors (GM) (NYSE:GM) (Detroit, Michigan) reported its dealerships delivered 738,638 vehicles in the just-ended third quarter, up 6.3% from the same quarter a year earlier.
Industrial Info is tracking GM's $22 million automotive manufacturing plant equipment addition at the company's Spring Hill, Tennessee, site. The project, which is expected to see completion this quarter, includes retrofits to existing engine production equipment and the installation of new supporting equipment and systems to expand production of 6.2-liter V8 engines. The plant currently produces 200,000 engines per year. For more information, see Industrial Info's project report.
Fiat Chrysler Automobiles (FCA) (NYSE:FCAU) (London, England) reported 565,034 vehicles were sold in the third quarter, which is roughly flat with those sold in third-quarter 2018. Industrial Info is tracking a $1.6 billion assembly plant conversion at FCA's Mack Engine Plant Complex in Detroit. The work comprises a 600,000-square-foot building expansion at the idled Mack Engine Plant II facility and upfits to the Mack Engine I facility to convert the complex into a vehicle assembly site for the next-generation Jeep Grand Cherokee and other vehicles. Construction began in August and is planned for completion in fourth-quarter 2020. For more information, see Industrial Info's project report.
Toyota Motor Corporation (NYSE:TM) (Toyota, Japan) reported 169,656 in U.S. vehicle sales for September, down 16.5% from a year earlier. Industrial Info is tracking construction of the $1.6 billion Toyota-Mazda Vehicle Assembly Plant in Huntsville, Alabama. Following its planned completion in mid-2021, the 3.3 million-square-foot complex will produce 300,000 vehicles per year. For more information, see Industrial Info's project report.
Hyundai Motor America, part of Hyundai Motor Company (Seoul, South Korea) reported September sales of 51,951 units, a 9% decrease in comparison with September 2018, following two months of double-digit sales growth in July and August. Overall, Hyundai said it closed the third quarter with total sales of 173,028, a 5% increase over the third quarter of 2018. In Montgomery, Alabama, Hyundai is retooling its Engine Plant #2 at an estimated cost of $400 million. The retool will increase the facility's manufacturing capacity from the current 370,000 vehicles per year. For more information, see Industrial Info's project report.
Ford Motor Company (NYSE:F) (Dearborn, Michigan) reported 580,251 in vehicle sales for the just-ended third quarter, down 4.9% from third-quarter 2018. Ford reported that the company is in a transition as it moves away from sedans to more production of trucks and sports utility vehicles.
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn. For more information on our coverage, send inquiries to info@industrialinfo.com or visit us online at http://www.industrialinfo.com.
