The primary driver of this turnaround has been economic growth. As a sub-region, Central America was expected to grow 4 percent in 2016, as opposed to a .5 percent economic contraction in Latin America.
This new distribution center supplements Walker Products’ existing manufacturing and distribution plants in Pacific, Mo.; Garden Grove, Calif.; Grand Junction, Colo.; Palmetto, Fla.; Toluca, Mexico; and Shanghai, China.
A shift from buying cars to buying “mobility” will be a driving force of change in the automotive future. By 2040, vehicle miles traveled will have grown to an all-time high of around 11 billion miles per year in four countries.
Delphi Automotive PLC's board approved the record date, distribution date and distribution ratio for the spin-off of its Powertrain Systems segment into a new publicly traded company, Delphi Technologies PLC.