Auto suppliers in trouble

Rubber & Plastics News

Detroit, Michigan – More than half the US’s Tier 1 auto parts suppliers could file for bankruptcy protection this year, causing another 1 million in job losses and slicing income tax revenue by $9 billion (Euro 6 600 million), according to a study by global consultant A.T. Kearney.

Production cuts by the auto makers are causing a ripple effect among their suppliers, Kearny said.

The survey of 60 top North American auto parts suppliers was complied via interviews…

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