Auto supplier sentiment improves in November

Nov 19, 2010 | 03:10 AM | Corinna Petry

Auto supplier sentiment has become "somewhat more optimistic," with an outlook index for companies in the sector jumping nine points in November from a month-earlier 52. But buyers still appear cautious despite increased capital expenditure plans as the industry looks to expand only as vehicle build rates increase.

The index, produced by the Troy, Mich.-based Original Equipment Suppliers Association (OESA), started out at 73 in January before dripping to 50 in May. In November 2008, the index was 21.....

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