U.S. Automotive Sector Flourishes as Manufacturers Return from Overseas
SUGAR LAND--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: 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 a run of prosperity. Within this article: 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.
