A $900 million expansion, raising cumulative investment at the facility to nearly $6 billion, will boost capacity once again to 350,000 units in 2015. And with it will be the addition of the new X4 reportedly due out in early 2014....More
For the third consecutive year in 2012, BMW’s Spartanburg plant led the U.S. auto industry in exports. The year’s total rose to $7.4 billion as an estimated 211,000 X3, X5, and X6 CUVs were shipped to 130 countries.
“We can build the entire vehicle in 20 hours vs. 40 hours for a conventional vehicle,” a BMW executive says. That's from the time the vehicle parts are stamped in the body shop until the completed EV rolls off the assembly line....More
A Toyota executive says suppliers should not rely only on automotive but seek out other industries with similar needs. Makers of defense vehicles, for example, may require components like those used by auto makers....More
Toyota has been cool toward EV technology, believing fuel-cell vehicles offer a better long-term solution to global warming. But the No.1 hybrid maker nevertheless launched all-electric versions of the Scion iQ and RAV4 in 2012....More
Japanese auto makers put their headquarters on the West Coast. The Europeans put theirs on the East Coast. Wouldn’t it be smart for Michigan to capture most of China’s automotive investment in the U.S.?...More
“I think you’ll see more cars using turbochargers,” one auto analyst says. “Other parts suppliers stand to benefit from upgrades to catalytic converters, so you’re talking about TRW, Honeywell and BorgWarner.”...More
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