DETROIT -- As automakers cut costs and the Big 3 struggle for market share, posting profits was a chore in the second quarter for major suppliers.
Johnson Controls Inc. and TRW Automotive Inc. were clear winners. Both posted higher profits than the same quarter a year ago.
Johnson Controls posted net income of $254.7 million, up 14.6 percent from the year-ago period. TRW saw net income of $85.0 million, up 11.8 percent from last year.
Johnson Controls and TRW do more business with Asian and European automakers than many big U.S. suppliers.
Lear Corp., struggling with Big 3 production declines, lost $44.4 million in the quarter. Net income in the year-ago quarter was $116.1 million. Lear is considering shedding some of its interiors business, including trim.
American Axle & Manufacturing Holdings Inc. managed a profit - $18.9 million-but it was far short of last year's $55.3 million. Production cutbacks from General Motors, its biggest customer, hurt the company.
Dana Corp.'s net income was $51 million, down 53.6 percent from the year-ago quarter.
Delphi Corp., the largest supplier to North American manufacturers, announces its quarterly results today, Aug. 8.
Visteon Corp., which ranks second, has delayed filing its quarterly earnings for the first and second quarters because of accounting errors found by an internal review.
No. 3 Magna International Inc. will announce results on Wednesday, Aug. 10.