First quarter investment roundup

Departments - News

Subscribe
April 8, 2019

Several major automakers announced capacity expansions in early 2019.

Fiat Chrysler Automobiles (FCA): $4.5 billion for new Detroit, Michigan, plant; expansions to five others in Southeast Michigan; creating 6,500 jobs; upgrades will add plug-in hybrid, all-electric Jeep models to three Jeep plants. https://www.fcagroup.com

  • $1.6 billion to convert Mack Avenue Engine Complex into assembly plant for next-generation Jeep Grand Cherokee SUV, new 3-row Jeep SUV
  • $1.5 billion at Warren Truck (Warren, Michigan) for new Jeep Wagoneer, Grand Wagoneer SUVs; continued production of Ram 1500 Class pickup
  • $900 million to upgrade Jefferson North assembly plant (Detroit) for continued Dodge Durango, next-generation Jeep Grand Cherokee production
  • $400 million at Sterling Stamping, Warren Stamping plants to support new production
  • $119 million to relocate Pentastar engine production currently at Mack I to the Dundee Engine Plant

Toyota: $750 million in five states to add hybrid crossover options and boost engine and component capacity. https://www.toyota.com

  • $288 million for Huntsville, Alabama, plant to boost engine production 24% to 900,000 units annually by 2021; 450 jobs
  • $238 million for Georgetown, Kentucky, plant to add hybrid versions of Toyota RAV4, Lexus ES 300h crossovers
  • $111 million in Buffalo, West Virginia, for hybrid transaxle capacity boost; 123 jobs
  • $62 million for Troy, Missouri, Bodine Aluminum plant to boost cylinder head production for Toyota, Lexus vehicles
  • $50 million in Jackson, Tennessee, to boost Bodine Aluminum hybrid transaxle case, housing capacity; boost engine block capacity

Ford Motor Co.: More than $1.9 billion to upgrade Chicago, Illinois; Louisville, Kentucky, plants to boost SUV-production capacity, adding 500 jobs; electric vehicle production southwest of Detroit. https://www.ford.com

  • $1 billion at Chicago Stamping Plant, Chicago Assembly plant to support Ford Explorer, Ford Police Interceptor, Lincoln Aviator SUVs
  • $900 million at Flat Rock Assembly Plant (Michigan) for upcoming electric vehicles, updated Mustang muscle cars; adding a second shift and up to 900 jobs
  • Undisclosed sum to boost Ford Expedition, Lincoln Navigator SUV production 20% at the Kentucky Truck Plant (Louisville) by shifting 550 workers from Louisville Assembly Plant (LAP); Escape production at LAP falls to two shifts from three

Volkswagen: $800 million to upgrade Chattanooga, Tennessee, plant to make electric vehicles by 2022; adding 1,000 jobs. https://www.vw.com

General Motors: $356 million to upgrade three Michigan plants for upcoming electric vehicles; crossover, powertrain components. https://www.gm.com

  • $300 million in Orion Township for a new electric car based on the Chevrolet Bolt EV; 400 jobs
  • $36 million at Lansing Delta Township plant for future versions of Chevrolet Traverse, Buick Enclave crossovers
  • $20 million at Romulus powertrain plant to increase 10-speed automatic transmission capacity for future cars, trucks, crossovers

SoftInWay, Gamma Technologies partner on turbocharger design

SoftInWay Inc. and Gamma Technologies (GT) are partnering to deliver a design and analysis solution for turbochargers and other turbomachinery components. The agreement integrates SoftInWay’s AxStream turbomachinery component and performance map software with GT-Suite simulation software.

Users will be able to iterate designs for turbines, compressors, and other turbomachinery in AxStream and optimize systems for performance using GT-Suite.

SoftInWay Chief Operating Officer Valentine Moroz says the partnership will allow customers to seamlessly integrate their tool chain, solve the pain point of lack of data, and empower them to develop cutting-edge technology using the combined power of two leading software platforms. https://www.gtisoft.com; http://www.softinway.com/en