SOURCE: Industrial Info Resources

Industrial Info Resources

August 27, 2010 05:00 ET

Sales and Spending Improve as Automotive Sector Recovers, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwire - August 27, 2010) - Researched by Industrial Info Resources (Sugar Land, Texas) -- Slightly more than a year ago, the automotive sector in the United States was lost and floundering. Two of the three American automakers were in bankruptcy proceedings, the foreign automakers had halted most of their spending, and the plant closings, job losses and supplier bankruptcies within the sector were mounting on a daily basis. However, since that time, the majority of the sector has managed to turn itself around. Sales are once again on the rise, electric vehicles will be debuting in the fourth quarter, and spending has begun again in earnest.

Companies featured: Toyota Motor Corporation (NYSE:TM), Ford Motor Company (NYSE:F)

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