Economic development creates opportunities to grow state, local and metro areas, which are essential for economic growth, improved quality of life and community development. Automotive articles below.
The U.S. auto industry recorded its best year ever in 2015, selling 17.5 million cars and light trucks in the U.S., nearly $570 billion in revenue and a 5.7 percent increase over last year.
Daimler Trucks North America (DTNA) will invest $22.7 million to expand facilities and improve operations at Freightliner Custom Chassis Corp. (FCCC) in Cherokee County, SC.
Daimler Trucks will invest $375 million to enable production of its new DD5 and DD8 medium duty engines at Detroit™ brand headquarters and manufacturing facility in Redford, MI.
JTEKT North America is investing $1.75 million to establish North American headquarters at Clemson University's International Center for Automotive Research (CU-ICAR) in Greenville County, SC.
YFS Automotive Systems, Inc. will build its second U.S. manufacturing facility in Detroit, creating 160 new jobs and investing $26.9 million in a new facility to design, test, and manufacture automotive fuel system components.
Yanfeng, the world’s largest automotive interiors supplier, will invest $55 million in the company’s fourth U.S. facility and create 325 new jobs in Chattanooga, TN.
Gestamp Chattanooga will expand its Hamilton County, TN presence by growing its existing cold-stamping operation and adding Class A stamping, hot-stamping and chassis component stamping. The expansion represents an investment of $180 million and the creation of more than 500 new jobs.