Automakers: North American investment announced in 2018-57% down from last year

Automakers: North American investment announced in 2018-57% down from last year

New York

April 15, 2019

US non-profit organization: Center for Automotive Research (CAR)

On April 9, we announced data on automakers’ 2018 North American investment (US, Canada, Mexico).

The number of investments in North America in 2018 is 34 and the amount of investment is approximately $ 4.8 billion.

Number of investments and amount of investment:

The number of investments decreased by 29 (63 in the previous year), and the amount of investment decreased by 57%.

Of those, less than 30 have US investment of $ 3.7 billion (78%).

Investment purpose:

77.0%: Renovation of production facilities,

22.9%: Investment in research and development facilities,

1.7%: Invest in distribution center

Decreased background in North America:

Trade negotiations related uncertainty,

GM, Ford reorganization,

The stagnation trend of new car sales,

Such as 2019 tapering forecast

2009 to 2018: Investment trends

$ 124 billion in announced investment across North America

US: 73.0%,

Mexico: 20.0%,

Canada: 7.0%

During this period, the amount of investment around the Great Lakes accounted for 53% of the total.

-JETRO

https://www.jetro.go.jp/biznews/2019/04/06bf7b00f663737d.html