Trickle-Down Effect of American Axle Strike Spreads to Other Tier Suppliers as Additional Layoffs Are Announced, an Industrial Info News Alert

Market Wire, May, 2008

Researched by Industrial Info Resources (Sugar Land, Texas) -- As the 10th week of the American Axle & Manufacturing Incorporated (NYSE:AXL) (Detroit, Michigan) strike comes to a close, the effects of the walkout are obvious. General Motors Corporation (NYSE:GM) (Detroit) has either halted or slowed production at 30 of its manufacturing or assembly facilities in North America. The strike, combined with continually rising gas prices, a weakened United States economy, and the effects of the housing market crash, has begun to alter the entire automotive industry landscape in North America.

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