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Shows & Panels
News Summary: Automakers expecting pickup boom
Thursday - 11/15/2012, 5:53pm EST
(AP) - HIRING: Chrysler said Thursday that it's adding a third shift with 1,000 jobs to a Ram pickup plant outside Detroit. It also plans to add 250 jobs to a Detroit engine plant in 2014.
BUSINESS PICKING UP: Pickup truck sales are expected to spike as home construction increases. New-home starts reached their fastest pace in four years in September. Trucks are also averaging a record 10 years old, so car companies think there will be demand to replace them.
ROAD SIGNS: Chrysler's redesigned Ram just went on sale and GM will have new trucks next year, which could fuel demand.
(Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)