SOURCE: Industrial Info Resources

January 23, 2008 06:02 ET

North American Automotive Spending Remains Stable in 2008 Despite Industry Turmoil, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwire - January 23, 2008) - Researched by Industrial Info Resources (Sugar Land, Texas) -- 2007 was a year of great change and turmoil for North America's automotive industry. Chrysler LLC went from public to private, the Detroit 3 all completed new four-year deals with the United Auto Workers union, and foreign automakers saw their market share finally overtake and pass that of the Detroit 3 for the first time. Even with these major changes within the industry, spending remained strong throughout 2007 with more than $12.6 billion in capital and maintenance work reaching the construction stage.

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