News Summary: Automakers expecting pickup boom

Updated at: 11/15/2012 5:35 PM
By The Associated Press

HIRING: Chrysler said Thursday that it’s adding a third shift with 1,000 jobs to a Ram pickup plant outside Detroit. It also plans to add 250 jobs to a Detroit engine plant in 2014.

BUSINESS PICKING UP: Pickup truck sales are expected to spike as home construction increases. New-home starts reached their fastest pace in four years in September. Trucks are also averaging a record 10 years old, so car companies think there will be demand to replace them.

ROAD SIGNS: Chrysler’s redesigned Ram just went on sale and GM will have new trucks next year, which could fuel demand.

(Copyright 2012 by The Associated Press. All Rights Reserved.)