Auto forecast strong, truck outlook uncertain

Aug 13, 2013 | 01:46 PM | Corinna Petry

Tags  Auto suppliers, light vehicles, heavy-duty trucks, Dana, Visteon, Cummins, Johnson Controls, TRW Automotive Holdings Chrysler Group

CHICAGO — Light vehicle sales and production in North America are expected to remain strong through the rest of this year, but the recovery of heavy-duty truck build rates from a sharp decline in the second half of 2012 is moving slowly, Tier 1 auto suppliers said.

"In North America, our guidance now assumes a 5-percent increase in year-over-year (light vehicle) production. That’s up over 1 point from our prior estimate," Delphi Automotive LLP chief financial officer Kevin P. Clark said during the Troy, Mich.-based company’s recent earnings conference call. "Commercial vehicle (production) was down significantly, but we are forecasting an improvement in the second half."....

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