Automotive Opportunities in a Green Economy
Summary
- Transportation Association, sales of hybrids increased to over 330,000 in 2007, up from over 9,000 in 2000
- The automotive industry is one of the most successful industries in North America. In 2007, over 15 million vehicles were produced in North America, including three million produced in Canada and a little over two million in Mexico, according to Ward’s AutoInfoBank 2008.
- industry will see continued growth and sales in other types of fuel-efficient vehicles.
- Toyota Motor Manufacturing, Texas (TMMTX) plant has ramped up its operation to 2,000 employees. TMMTX and its on-site suppliers employ 4,100 people and have invested a combined total of more than $1.5 billion. Plant employees and Toyota officials recently celebrated the 2008 Tundra being named Motor Trend’s Truck of the Year.
- Austin automotive advantage positioned itself as a new centre for innovation in the automotive industry, just as Detroit has traditionally been the North American hub for manufacturing.
Thoughts
While Auto sales are slowing down in US and big job cuts, the automotive clusters in San Antonio and Austin Texas is flourishing. This is great news with additional job creation.
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