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      "text": "Translation: Our competitors are ramping in auto too; Tennessee to remain underutilized for the foreseeable future",
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      "text": "GRP strategy only works if other players do not add auto sheet capacity. Otherwise Arconic’s rolling mills will remain “permanently” underutilized",
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      "text": "Explicit admission of a failed strategy? “Second fact is we do not intend to build out or change the packaging side of the Tennessee mill into an automotive line.”",
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      "text": "The whole GRP strategy was predicated on being dominant in automotive sheet. But, now new growth has been put on pause because competitors piled in: “On the North America auto sheets, we see continued strong growth... we did not want to create overcapacity... The growth potential that we have left in automotive is during the ramp-up of Tennessee and to close the remaining capacity that we have there or fill it, plus we will also continue to creep our capacity in both Davenport and Tennessee.”",
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      "text": "\"On the North America auto sheets, we see continued strong growth, as you can see here, next year as well as over the 3 years, in the 22% range. There we made a conscious decision after capturing the first wave of automotive light-weighting with Ford, when we saw that our other competitors there, Constellium, were investing when we held back, because we did not want to create overcapacity. We know very, very, very painfully what that means to our results from packaging. So that's why we made the conscious decision to instead focus on the commercialization of the Micromill, which I will talk about a little later. The growth potential that we have left in automotive is during the ramp-up of Tennessee and to close the remaining capacity that we have there or fill it, plus we will also continue to creep our capacity in both Davenport and Tennessee.\" — Kay Meggers, Global President of GRP at Arconic, December 14, 2016. \"Second fact is we do not intend to build out or change the packaging side of the Tennessee mill into an automotive line.\" — Dr. Klaus Kleinfeld, January 31, 2017",
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