The Kansas City city council is expected to approve tax incentives for an expansion of the area's automotive manufacturing industry this afternoon.
Wednesday, a council committee endorsed ten-year tax abatement and $10.5 million in industrial revenue bonds to help turn a building in the east bottoms into a manufacturing facility for auto interior components. Troy Curran of Grupo Anolin says the company already has 2700 people working n North America.
Chrysler, Ford and General Motors gained market share in the past couple years. Helped by Toyota's much-publicized recalls, the problems that Japanese carmakers faced after last year's earthquake and tsunami, and an improving reputation for the quality of American-made vehicles, Detroit's Big Three grabbed 47 percent of sales last year — up from 45.1 percent in 2010 and 44 percent in 2009.
Our friend Micki Maynard of Changing Gears, though, reports that the Detroit companies' comeback — in terms of market share — may be over.