Suppliers scrambling on lack of visibility, but recovery may be near
Nov 07, 2012 | 05:10 PM
| Corinna Petry
Tags
Dana Holding,
Allison Transmission,
Roger Wood,
Lawrence Dewey,
commercial vehicle market demand,
Heavy Duty Manufacturers Association,
FTR Research,
ACT Research
order rates
CHICAGO — A lack of visibility has left suppliers to the heavy truck manufacturing industry scrambling amid a downturn in demand, according to Dana Holding Corp. and Allison Transmission Inc., although data from market researchers suggest a recovery could be in the offing.
"We saw some pretty rapid changes in the third quarter ... and we would probably have expected to have a bit more foresight on those changes than we did," Roger Wood, president and chief executive officer of Maumee, Ohio-based Dana, told investors.....
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