Connected Car
Automakers plan to significantly increase spending on tooling in North America ahead of those vehicle arrivals, the study by Harbour Results Inc. and AutoForecast Solutions says. The study projects automakers' base tool spending in the region is set to hit $7.1 billion in 2025, up from $5 billion last year. That's because the boom in new models is coming. Those 130 vehicles are expected to launch between now and 2030, with plans to convert or build 56 plants to assemble them in North America, according to the study. All of those projects require new tools and dies and production machinery.