Car suppliers fear crisis as makers slash prices

Newswire

By Rebecca Harrison PARIS, June 24 (Reuters) - The car parts industry faces crisis if auto firms hit by weak demand keep forcing suppliers to charge less instead of working with them to cut costs, component firms' executives said this week. One independent industry expert told a conference in Paris that some 40 percent of publicly listed suppliers in Europe, the United States and Asia were in "financial trouble". And top executives warned that while the major players would likely ...

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