Auto suppliers optimistic in 2012 sector outlook

Nov 28, 2011 | 04:24 PM | Corinna Petry

Tags  Original Equipment Suppliers Association, investments, localization, Dave Andrea, corinna petry

CHICAGO — The outlook for automotive suppliers has brightened during the past two months, and three-fourths of companies plan to invest in plants and equipment next year, according to a survey by the Original Equipment Suppliers Association (OESA).

The sector also is seeing a localization trend that could bode well for producers of automotive raw materials, including steel, according to Troy, Mich.-based OESA, which conducts the Automotive Supplier Barometer survey every two months.....

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