Cost to build a car production plant



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Cost to build a car production plant in America hit $5bn in 2014, according to the latest estimate from the Bureau of Labor Statistics. That was up from $3.5bn in 2005, at a time when car production in the U.S. was dominated by companies like General Motors and Toyota Motor.

And by 2014, there were 62,000 motor vehicle manufacturers in the U.S., as well as five other car-making companies, including Mazda and Mercedes-Benz. By 2017, there were just 28 car makers in the U.S. thanks to the industry's decline, which was expected by many analysts to continue as the business of making cars became more costly.

Today's automaker no longer makes any money at all making vehicles for sale in the U.S. Currently, their only sources of profits are: the return on capital that investors have to pay for money borrowed to build the cars, the sale of patents, the sale of technology licenses, the sale of new or used cars or the sale of parts or scrap. (Also, the United States government gave the automakers tax breaks at the time they were being laid off and bankrupted).

In 2014, there were 2,475,000 fewer cars sold in the U.S. than there were in 2011. The industry reported that sales dropped 2.3 percent. U.S. auto sales in 2014 declined 6.3 percent from 2013.

The parts of the U.S. auto industry that are not bankruptcy-bound are now competing for sale, but it is very difficult to imagine that their business will grow much faster than it has been declining for years, let alone double from where it is today. The only growth that is forecast for the U.S. auto industry is in exports, which will be more limited in future years. The industry is already running at about a tenth of the capacity it was in the mid-1990s, when the Big Three were still profitable.

The industry could only grow because the cost of building a car in America hit $5bn in 2014, according to the latest estimate from the Bureau of Labor Statistics. That was up from $3.5bn in 2005, at a time when car production in the U.S. was dominated by companies like General Motors and Toyota Motor.

And by 2014, there were 62,000 motor vehicle manufacturers in the U.S., as well as five other car-making companies, including Mazda and Mercedes-Benz. By 2017, there were just 28 car makers in the U.S. thanks to the industry's decline, which was expected by many analysts to continue as the business of making cars became more costly.

Today's automaker no longer makes any money at all making vehicles for sale in the U.S. Currently, their only sources of profits are: the return on capital that investors have to pay for money borrowed to build the cars, the sale of patents, the sale of technology licenses, the sale of new or used cars or the sale of parts or scrap. (Also, the United States government gave the automakers tax breaks at the time they were being laid off and bankrupted).

In 2014, there were 2,475,000 fewer cars sold in the U.S. than there were in 2011. The industry reported that sales dropped 2.3 percent. U.S. auto sales in 2014 declined 6.3 percent from 2013.

The parts of the U.S. auto industry that are not bankruptcy-bound are now competing for sale, but it is very difficult to imagine that their business will grow much faster than it has been declining for years, let alone double from where it is today. The only growth that is forecast for the U.S. auto industry is in exports, which will be more limited in future years. The industry is already running at about a tenth of the capacity it was in the mid-1990s, when the Big Three were still profitable.

Yahoo! Finance - Features &, Opinion...Downtown Detroit: Hot spots for car-based shopping

Shoppers are rushing to downtown Detroit's eastern side, and that's making life tougher for local auto dealers and their parking attendants.

It started as a trickle of visitors to Ford Field, the home of the Detroit Lions, drawn by a pedestrian-friendly stretch of N. Grand River Avenue.

In the last year, these visitors turned into a surge: Huge crowds have been showing up to the nearby Grand Circus Park. The crowds may have been attracted to the recent opening of a Frank Lloyd Wright-inspired hotel, which caters to families. Ford Field and the Grand Circus Park are all a stone's throw from the hotel.

"We're trying to woo people to come to the area," said George Whipple, owner of the Detroit News, which is located on Gratiot Avenue, one block from N. Grand River.

Now, as Ford Field and the Grand Circus Park become increasingly crowded, so have the parking lots at Whipple's News building, an eight-story newspaper tower.

"We're parking an army around here. I mean, if it's full, we're parking the Dodge people, and the Chevy people, and the Ford people, and the Saab people," said Gordon Gill, a parking attendant for 43 years.

It's a familiar sight in Detroit. Many customers enter a store parking lots on one side of a building, while store workers parking their vehicles on the other side of the building.

Not here. In a few years, Ford Field and the Grand Circus Park will be surrounded by condominiums, hotels and offices. And these retail shopping centers will be adjacent to a dense residential neighborhood.

"It's like we're putting all our parking in front of the East Grand Circus neighborhood, the residential neighborhood," said Tom Orr, who lives in the Eastern Market District in Eastern Market. "I feel like they just spit on my street. They spit on my street and put their cars right in front of our houses."

Orr's neighborhood, known for its specialty retail stores, is one of several in Detroit. The eastern part of the neighborhood, sandwiched between Gratiot and Bagley, is


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