As a group, the nine largest North American suppliers lost $1.52 billion, compared with a net profit of $624.7 million a year earlier.
The number is an estimate, and here's where it comes from: Take the top 25 suppliers to automakers in North America. Eliminate those that aren't publicly traded, sell mainly to heavy-duty truck makers, or have not yet reported results. Then eliminate those headquartered outside of North America because they get most of their profits from overseas.
That leaves nine companies: Magna International Inc., Johnson Controls Inc., Lear Corp., Dana Holding Corp., TRW Automotive Inc., Visteon Corp., American Axle & Manufacturing Holdings Inc., Tenneco Inc. and BorgWarner Inc.
Only one of them made money last quarter: Johnson Controls.