German automakers looks to expand U.S. market share
WSJ: Volkswagen, BMW preparing to accelerate manufacturing here
While Detroit struggles with plant closings and figures out how the federal bailout loans can help them regain market share from Asian automakers, there’s a new challenger on the horizon %%MDASSML%% Germany.
The Wall Street Journal is reporting how German automakers are building new plants in America %%MDASSML%% including BMW’s Spartanburg, SC plant , named Plant Engineering’s 2007 Top Plant winner %%MDASSML%% as a way to build U.S. market share.
Volkswagen has already announced its new plant outside of as a way to boost U.S. sales to more than 1 million cars, and BMW is expanding the Spartanburg plant after retooling it just two years ago.
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Annual Salary Survey
Before the calendar turned, 2016 already had the makings of a pivotal year for manufacturing, and for the world.
There were the big events for the year, including the United States as Partner Country at Hannover Messe in April and the 2016 International Manufacturing Technology Show in Chicago in September. There's also the matter of the U.S. presidential elections in November, which promise to shape policy in manufacturing for years to come.
But the year started with global economic turmoil, as a slowdown in Chinese manufacturing triggered a worldwide stock hiccup that sent values plummeting. The continued plunge in world oil prices has resulted in a slowdown in exploration and, by extension, the manufacture of exploration equipment.
Read more: 2015 Salary Survey