U.S. to See Up to $2.33 Billion in Automotive Project Starts in Fourth-Quarter 2015

---

Researched by Industrial Info Resources (Sugar Land, Texas)--U.S. automotive observers have predicted the industry will sell more than 17 million light vehicles this year, marking the sixth straight year of growth following the recession of 2009. According to the latest U.S. Federal Reserve industrial production report, however, the manufacture of motor vehicles and parts in August fell 6.4% from July, the largest drop in more than four years, which in turn could moderate economic growth for the entire third quarter. Still, production in August was 6.9% higher than the same month a year earlier. Industrial Info is tracking 275 active U.S. automotive projects worth $2.33 billion with fourth-quarter 2015 capital and maintenance project kickoffs. This includes 200 plant maintenance projects, worth $223 million.

Not too surprisingly, Michigan, with its deep automotive roots, is home to 50 project kickoffs with a combined spend of nearly $1.17 billion.

To read the complete story, check out the most recent edition of Industrial Info's NavigatIIR online newsletter, which also discusses North American project spending trends, new products available from Industrial Info, and more.

Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, five offices in North America and ten 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.