Thanks to strong sales, a sharp rise in productivity underscores the revival of the Detroit Three carmakers – GM, Ford and Chrysler – in the wake of 2009’s sweeping industry restructuring.
Gerald Johnson, GM’s vice-president of North American manufacturing, said that nine of its 17 assembly plants in the US, Canada and Mexico were on round-the-clock three-shift operation, compared with only three of the 20 plants it was operating in 2008. The company envisages adding a third shift at another two plants, he said.
“The industry is growing; our share of the industry is growing – and I’m never going to complain about that because it’s a great problem to have.” said Mr. Johnson.
Significant improvements in their vehicle line-ups have also helped Ford and Chrysler increase their market share during the upswing, while GM has maintained its position in the face of competition from Japan’s Toyota, Germany’s Volkswagen and others.
The US motor industry’s strong performance has contrasted with declines in India and Europe, where sales have fallen to levels last seen in 1990, and slowing growth in China.
The US industry’s rapid restructuring – in which large numbers of plants and dealers closed and thousands of workers were made redundant – contrasts with efforts in Europe to tackle excess capacity, where governments have resisted manufacturers’ efforts to close spare plants.
Via Financial Times
) - Tuesday, October 1st, 2013 - filed under Chrysler
, General Motors
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