DEARBORN, MI – Why is an industry that spent the late 1990s claiming it no longer was cyclical laying off thousands of workers during a mild economic downturn? Because many companies are carrying too much debt and reacted too late to warning signs, says the top executive of a major automotive supplier. “If it’s such a mild downturn, why all the fuss? Well, the industry has changed in 10 years,” says BorgWarner Inc. Chairman and Chief Executive John F. Fiedler. “Many companies got caught ...
Premium Content (PAID Subscription Required)
"Printer-friendly" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:
All of WardsAuto's reliable, in-depth industry reporting and analysis
Hundreds of downloadable data tables including:
• Global sales and production data by country
• U.S. model-line inventory data
• Engine and equipment installation rates
• WardsAuto's North America Plant by Platform forecast
• Product Cycle chart
• Interrelationships among major OEMs
• Medium- and heavy-duty truck volumes
• Historical data and much more!
Current subscribers, please login or CLICK for support information.