Wary auto suppliers expect stronger 2013

Jul 25, 2012 | 05:39 PM | Corinna Petry

Tags  Original Equipment Suppliers Association, automotive production, Dave Andrea, raw material prices, capital expenditures, corinna petry

CHICAGO — International automotive parts and components manufacturers have tempered their outlooks in the past two months as uncertainty over the economic slowdown in Europe and its impact on vehicle sales there have offset improved sales and production in North America.

July’s supplier sentiment index based on a survey of Original Equipment Suppliers Association (OESA) members fell to 55 from 60 in May. "As automotive suppliers begin to plan for 2013, many are developing budgets and strategies with caution," the OESA said.....

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