DETROIT – As 2004 draws to a close, Delphi Corp.’s J.T. Battenberg III says the auto industry continues to wrestle with a sluggish economy, high costs for raw materials, global overcapacity and back-breaking health-care and pension obligations. His outlook for 2005 is not optimistic. “Next year will be tough,” the chairman, president and CEO of the world’s largest auto supplier tells a Dec. 6 meeting of the Detroit Economic Club at Cobo Center here. “Next year will be tough,” says ...
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