U.S. Auto Industry Readies for More than 260 Maintenance Projects

September 5, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--From body assembly to tire manufacturing, the U.S. auto industry is preparing for its biggest quarter in 2024 for maintenance shutdowns. Hybrid and crossover models have driven a recent jump in sales, and automakers are ensuring their factories will continue to produce them at a brisk pace. Industrial Info is tracking more than 260 maintenance-related projects at automotive plants that are set to kick off in the fourth quarter, the bulk of which is attributed to work at factories for parts and accessories. Toyota Motor Corporation (NYSE:TM) (Toyota City, Japan) often leads most other automakers in quarterly maintenance kickoffs, and the coming quarter is no exception. Other companies featured: Tenneco, Apollo Asset Management (NYSE:APO), Bridgestone Corporation, Honda Motor Company (NYSE:HMC) and Hyundai Motor Company.