Originally published on Tue August 19, 2014 11:28 am
Sales incentives helped U.S. auto sales rise in July, as major auto companies reported selling more than 120,000 more vehicles than the same month last year. GM retained its spot as the U.S. sales leader.
Sales of passenger cars rose by nearly 5 percent this July compared to last year, with sales of light trucks even higher, at 13.4 percent, according to data released Friday by research firm Autodata Corp.
GM sold 256,160 vehicles last month, beating Toyota's 215,802 and Ford's 211,467.
The manufacturer of suspension systems and components for heavy-duty vehicles will create 75 jobs as a result of their $20 million investment. The company held a ceremonial groundbreaking for their plant Wednesday in Elizabethtown.
The site will manufacture products to supply the company's existing operations in nearby states at their new location in the T. J. Patterson Industrial Park. Construction of the 100,000 sq ft building is expected to be completed later this year. The company has two existing operations in Somerset and Lebanon employing 450 Kentuckians.
An automotive supplier is opening a plant in south central Kentucky that will create more than 100 jobs. Germany-based Dr. Schneider Automotive Systems will build a new manufacturing facility in Russell Springs, creating 155 full-time jobs and investing $29 million dollars in the commonwealth.
Dr. Schneider produces parts for companies such as Ford, GM, BMW, and Volkswagen.
Russell Springs was chosen over 69 other potential sites adding to Kentucky’s growing list of foreign investors.
“At the end of an intensive selection process, we decided to choose Russell Springs,” said Wilhelm Wirth, member of the Dr. Schneider board of directors. “The decisive factors included the quality and expandability of the facility and the competitive location costs.
The announcement marks the third German-owned company to locate in the commonwealth this year, all three of which serve the auto industry.
So far this year, Kentucky ranks third nationally for light vehicle production and first on a per capita basis.
An auto-industry supplier is planning a $10 million expansion of a facility in Bowling Green, with plans calling for two new production lines and an add-on to the existing building. KIRIU USA President and CEO Mark Kimura says the expansion should be done by the time the company celebrates its 10th anniversary this fall.