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U.S. auto executives expect to boost domestic headcount -and expand facilities in the coming
year, according to a recent survey by KPMG LLP, the audit, tax, and advisory firm.
The industry has significant cash on hand "and companies are intent on putting it to
use." In fact, 67 percent of the execs indicated that their companies' have significant cash
on the balance sheet, and 64 percent say they'll invest that cash before the end of the year.
Additionally, 73 percent say their company will increase capital spending over the next
year, with the highest-priority in investment in new product or services and expanding facilities.
For the complete article, please go to Big4.com