Overview -- For the first half of 2012, global auto supplier International Automotive Components Group S.A.'s (IAC) results have steadily improved as a result of the recovery in North American production and a better product mix, which so far has offset volume declines in Europe. -- We expect IAC to maintain steady earnings, given our base-case expectation for recovering light vehicle production volumes in its end-markets and the launch of new programs over the next 12 to 18 ...
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