SOURCE: Industrial Info Resources

Industrial Info Resources

July 25, 2011 09:26 ET

U.S. Automotive Projects to Begin $1.9 Billion in Construction in Second Half of 2011, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwire - Jul 25, 2011) - Researched by Industrial Info Resources (Sugar Land, Texas) -- Capital spending, and to a smaller extent maintenance spending, within the U.S. automotive sector took a significant hit during the recession. However, as the economy has recovered, consumers began making purchases again, and automakers were faced with supply issues that were compounded by the March natural disasters in Japan. With a more stable economy, automakers have felt comfortable with spending money on their facilities again, and that has led to an increase in total spending within the U.S. automotive sector. During the last half of this year, $1.9 billion worth of automotive-related projects are scheduled to begin construction.

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