In years to come, the automotive supplier community will look back on 2002 as a year of profitless prosperity. The difficult economic climate for suppliers intensified in 2002 as Big Three auto makers, struggling for profitability in a time of increasingly generous incentives, increased the pressure on their suppliers for price reductions. Those suppliers were forced to look inward for cost savings and achieved them, in some cases, with layoffs and plant closings. (See related story: 2002 ...
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