SOURCE: Industrial Info Resources

February 11, 2009 06:00 ET

The Future of the North American Automotive Sector, a Feature of "Navigating the Currents of Change" on Industrialinfo.com

SUGAR LAND, TX--(Marketwire - February 11, 2009) - Researched by Industrial Info Resources (Sugar Land, Texas)--The trials and tribulations of the American automotive sector have been well publicized over the past two years. Decades of poor union contracts, bad management decisions, and a lack of focus and direction have driven this once proud, successful sector into the ground. Things came to a head at the end of 2008 when the Detroit Three -- General Motors Corporation (NYSE:GM) (Detroit, Michigan), Ford Motor Company (NYSE:F) (Dearborn, Michigan) and Chrysler LLC -- were forced to appear before Congress and ask for billions of dollars in taxpayer bailout funds in order to remain in business.

2009 is going to be very rough for the sector, as all three companies struggle to cut jobs and production, and to make operational changes necessary to return to viability. Capital spending has virtually halted across the board in North America, and maintenance programs have been extended, as needed, in recent months. The conversion from fat and lazy to lean, trim and operationally sound is going to be difficult and painful for the Detroit Three and their employees. By 2010, when spending is hoped to begin once again, we may be looking at a Detroit Two.

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