While Detroit collapses, the South surges

Reuters files this story from Lincoln, Alabama: “There are eight major assembly plants operated by foreign-owned auto companies in six southern states, and while U.S. auto companies cut back in Detroit, companies from abroad are expanding in the U.S. South. Volkswagen started construction of a plant in Tennessee last month and Kia Motors Corp is building a plant in Georgia. Toyota’s nearly completed plant in Mississippi has been halted for economic reasons. Domestic manufacturers operate 11 southern plants and although five have been closed this decade and two more are slated to shut their doors, the closure rate is lower than elsewhere in North America, said Mike Randle of Southern Business and Development magazine. (read the entire report below)