German car parts firms forced through a wringer


By Jan Christoph Schwartz HAMBURG, Germany, Aug 19 (Reuters) - Fresh efforts by carmakers Volkswagen and DaimlerChrysler to squeeze out savings are putting German auto parts suppliers through the same cost wringer that has plagued their U.S. rivals. Many smaller car parts and components groups may not survive another round of price cuts from their major customers, analysts say, but larger firms stand to benefit from the industry crisis if they can seize U.S. business from struggling ...

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