It was a game of "I can top that," except in reverse.
A pair of supplier bigwigs, Meritor CEO Chip McClure and Dick Dauch, head of American Axle and Manufacturing, swapped war stories last week at the Detroit Regional Chamber of Commerce's Mackinac Policy Conference in Michigan.
The war was the recent auto recession, and each had battle scars to show. At one point they joked about which company's stock price plunged the most.
McClure said Meritor's stock once fell to 32 cents a share. But Dauch one-upped him, saying American Axle stock hit 29 cents a share.
Last week Meritor was trading at about $15 a share; American Axle was at about $10.50.