Auto forecast strong, truck outlook uncertain
Aug 13, 2013 | 01:46 PM
| Corinna Petry
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. Thats up over 1 point from our prior estimate," Delphi Automotive LLP chief financial officer Kevin P. Clark said during the Troy, Mich.-based companys recent earnings conference call. "Commercial vehicle (production) was down significantly, but we are forecasting an improvement in the second half."....
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