Despite the common thinking on Wall Street that the automotive sector is not profitable, a new study by management consulting firm A.T. Kearney shows automotive suppliers outperformed Standard & Poor’s 500 companies, including many OEMs, last year. “The financial performance of North American suppliers, though down in 2001, continues to exceed the financial returns of S&P 500 companies in 2001 and over the past 3-year period,” says John Hoffecker, vice president and leader of ...
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