The schizophrenic nature of the supplier business was on display last week.
Visteon Corp. and Lear Corp. announced a combined $1.1 billion in restructuring charges or write-downs. Visteon ($800 million) wants to close, sell or fix 23 more plants. Lear is taking a $342 million write-down for its troubled trim business, on top of a $670 million charge it recorded for trim in 2005. Lear seeks to put that business into a joint venture with investor Wilbur Ross.
Other suppliers fared better: