The steady decline of the global car manufacturing market has been well documented. New car registrations in the US fell by 37.1% year-on-year* in January 2009, for example.
An article in the February 21st edition of The Economist* highlights, not only the troubles for GM, Chrysler and the like, but the plight of car parts-makers, the largest manufacturing (motor and equipment manufacturers) employers in the US. The extreme interdependency of the car part supply chain, specialisation within it and decline in new vehicle demand means financial trumoil is far further reaching than just the big Detroit Three.
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Posted by: Car Parts | 07 May 2010 at 03:53 PM