New Equipment Makes Auto Companies More Competitive

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North American auto industry leaders say the top three benefits of investing in new plant equipment are a higher quality product (26 percent); increased throughput (23 percent); and lower overall operating costs (20 percent). And of those companies that use Italian-made industrial machinery, most say the biggest benefit they derive from it is help in meeting strategic and operational goals.

These findings are from a survey of about 200 engineers and executives at companies within the automotive supply chain. IndustryWeek and the Italian Trade Commission's Machines Italia campaign conducted the survey of subscribers to Ward's Auto World.

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