SOURCE: Industrial Info Resources

May 08, 2008 07:01 ET

Trickle-Down Effect of American Axle Strike Spreads to Other Tier Suppliers as Additional Layoffs Are Announced, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwire - May 8, 2008) - Researched by Industrial Info Resources (Sugar Land, Texas) -- As the 10th week of the American Axle & Manufacturing Incorporated (NYSE:AXL) (Detroit, Michigan) strike comes to a close, the effects of the walkout are obvious. General Motors Corporation (NYSE:GM) (Detroit) has either halted or slowed production at 30 of its manufacturing or assembly facilities in North America. The strike, combined with continually rising gas prices, a weakened United States economy, and the effects of the housing market crash, has begun to alter the entire automotive industry landscape in North America.

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