Some suppliers are investing in additional facilities because they are confident current production levels will be sustained and because they have exhausted most of their avenues to stretch available capacity....More
In a year-end interview, OESA President and CEO Neil DeKoker talks about declining supplier bankruptcies, risk of a double-dip recession, raw-material price fluctuations and the debate over conflict minerals....More
Many Original Equipment Suppliers Assn. members are Tier 2 or Tier 3 “and would never normally have access to the purchasers in a forum where they can meet them and shake hands,” says Chairman Bill Kozyra....More
As some suppliers struggle to fill the pipeline, others see opportunities to grab new business. “The cardinal sin is to shut down an assembly plant,” says OESA’s Andrea. “It can ruin the best of reputations.”...More
Auto makers “recognize that the suppliers cannot absorb raw-material costs that are coming in because they won’t survive if the suppliers foot the entire bill,” says TI Automotive CEO Bill Kozyra....More
While the U.S. government provided stimulus to big suppliers through the auto makers during the recession and now encourages banks to lend to small businesses that can repay, credit remains elusive, the Federal Reserve chief says....More
Designed and engineered in Wolfsburg with input from U.S. staff, the Atlas evolved from VW’s 2013 CrossBlue concept and is starting to roll off the line in Chattanooga, TN. The automaker invested $900 million at the plant for the Atlas launch.
Alfa Romeo, Bentley, Buick, Lincoln, Maserati, Mini and Subaru win their first Wards 10 Best Interiors trophies, while Honda, Lexus and Mazda return to the winners’ circle. Thirty-one nominees were evaluated....More