SOURCE: Industrial Info Resources

Industrial Info Resources

May 02, 2016 06:30 ET

U.S. Automotive Sector Flourishes as Manufacturers Return From Overseas, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwired - May 2, 2016) - Researched by Industrial Info Resources (Sugar Land, Texas) -- It was only a few years ago when the U.S. automotive sector found itself in dire straits. Two of the "Big Three" U.S. automakers -- General Motors Company (NYSE:GM) (Detroit, Michigan) and Chrysler, which is owned by Fiat Chrysler Automobiles (NYSE:FCAU) (London, England) -- were facing bankruptcy, and the other, Ford Motor Company (NYSE:F) (Dearborn, Michigan), had only managed to avoid that problem through its request for a line of credit. Fast-forward to 2016, and the automotive sector has undergone a complete 180. Sales and production are at or near record highs, and automakers are spending significant amounts of money on their U.S. facilities. Even with the uncertain economic outlook in the U.S., the automotive sector finds itself flourishing.

With nearly $40 billion in U.S. active projects under construction or planned, $15 billion of which are scheduled to begin construction in 2016, the automotive sector is positioned to continue its run of prosperity. Automotive spending makes up 25% of total spending in the Industrial Manufacturing Industry for 2016.

To read the complete story, check out the most recent edition of Industrial Info's NavigatIIR online newsletter, which includes details on some of the larger projects set to begin construction, including those from the "Big Three"; quality issues that continue to haunt the industry; and why first-time foreign manufacturers and foreign tier suppliers are increasing their investments in the U.S.

Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, five offices in North America and 10 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle™, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn. For more information on our coverage, send inquiries to info@industrialinfo.com or visit us online at http://www.industrialinfo.com/.

Contact Information

  • Contact:
    William Ploch
    713-783-5147