Automotive production set to soar

The automotive industry is expected to step up hiring as factories are currently operating at 95% of capacity. By 2015, production is expected to be at a 15-year high. One reason for the uptick, says Daniel J. Meckstroth, chief economist for MAPI, is that sales were "subnormal" for a prolonged period. "When consumers have the income and feel more confident in their outlook, they buy," he says.

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