auto industry

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.

GM Announces Its 30th Recall Of The Year Thus Far

May 21, 2014

General Motors' recall problems continue to mount. On Wednesday, the automaker announced it was recalling 218,000 additional vehicles from its Chevrolet Aveo line.

The daytime running light system in the dashboard of cars from the 2004 to 2008 model years can overheat, melt and cause fires, The Associated Press reports.

Beshear: Kentucky Can Become Next Automotive Powerhouse

Apr 8, 2014

Gov. Steve Beshear said Monday he wants Kentucky to be as synonymous with the auto industry as Detroit.

The Democratic governor announced the formation of the Kentucky Automotive Industry Association to promote Kentucky as an automotive hub.

Beshear emphasized the association is not a state agency, but it will get some state money for marketing purposes. Economic Development Cabinet Secretary Larry Hayes will be the group's chairman.

Board members include representatives from Toyota, Ford, General Motors and various automotive supply companies.

Beshear said Kentucky ranks third in the country in light vehicle production. Kentucky's automotive exports reached a record $5.5 billion last year.

During her grilling before Congress last week, General Motors CEO Mary Barra insisted the new General Motors is different and better than the old one.

So as GM begins to fix nearly 2.6 million vehicles for an ignition-switch defect that has been linked to at least 13 deaths, we decided to put that claim to the test.

Exactly how new is the new GM?

NBC's Saturday Night Live answered with a parody version of Barra's explanation:

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.