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Good News - USA - Auto sector leads in investment
Michigan number two State
Detroit,Mich,USA - CrainsDetroit.com, by Tom Henderson -Oct 17, 2005: -- Amid the doom and gloom in the auto industry following Delphi Corp.’s bankruptcy filing, there was good news for the region. The auto sector led the U.S. in major capital-investment projects begun in 2004, and Michigan ranked second only to Texas in new-project valuation... Sector projects totaled $14.5 billion. Projects in Michigan were valued at $6.5 billion and involved more than 32,000 new jobs. Ernst & Young did not release the list of projects, but said the largest project in Michigan was one of about $300 million at the Trenton Engine Plant, for a new V6 engine line and a redesigned V6 engine line, both to be used in future Chrysler Group cars... More than two-thirds of the capital expenditures planned for Michigan were auto-related, said the study...
posted by Unknown @ 4:52 PM
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