Honda F1 website

JUNE 8, 2005

A big push in America

DaimlerChrysler AG says it will spend $40bn over the next five years to revamp its North American operations and introduced new models. The announcement came at the start of a three-day exhibition in Washington DC. The company has a total of 37 factories in 13 US states and has around 100,000 employees. It provides a huge amount of funding for suppliers.

The plan involves expanding production, retooling and introducing new models.