Read the August issue of Fixed Ops Journal, the parts,
service and collision magazine from Automotive News.

Big N.A. suppliers head into the red

In the third quarter, profits evaporated at North America's largest suppliers.

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.

You can reach James B. Treece at jtreece@crain.com
Tags: Suppliers

ATTENTION COMMENTERS: Automotive News has monitored a significant increase in the number of personal attacks and abusive comments on our site. We encourage our readers to voice their opinions and argue their points. We expect disagreement. We do not expect our readers to turn on each other. We will be aggressively deleting all comments that personally attack another poster, or an article author, even if the comment is otherwise a well-argued observation. If we see repeated behavior, we will ban the commenter. Please help us maintain a civil level of discourse.


Email Newsletters
  • General newsletters
  • (Weekdays)
  • (Mondays)
  • (As needed)
  • Video newscasts
  • (Weekdays)
  • (Weekdays)
  • (Saturdays)
  • Special interest newsletters
  • (Thursdays)
  • (Tuesdays)
  • (Monthly)
  • (Monthly)
  • (Wednesdays)
  • (Bimonthly)
  • Special reports
  • (As needed)
  • (As needed)
  • Communication preferences
  • You can unsubscribe at any time through links in these emails. For more information, see our Privacy Policy.