Global Automotive Technology :: A Complete B2B, Media Portal for Automotive Industry

SUGAR LAND, TX, Sep 26, 2008 (MARKET WIRE via COMTEX) -- Researched by Industrial Info Resources (Sugar Land, Texas) -- The American automotive industry has been struggling to maintain an even keel over the last three years as foreign automakers have been swiftly removing large portions of the market share overseas. The combination of poor executive leadership decisions over the last two decades and the faltering U.S. economy has driven the Detroit Three to the verge of collapse. In a last-ditch effort to stave off total failure, the trio of American automakers has been appealing to the federal government for assistance. The House of Representatives approved $25 billion in loans for the Detroit Three on September 24, and the Energy Department is now developing rules and regulations to govern how the loans will be handed out.

Industrial Info Resources (IIR) is a marketing information service specializing in industrial process, energy and financial related markets with products and services ranging from industry news, analytics, forecasting, plant and project databases, as well as multimedia services.

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