Auto suppliers upbeat on near term

Jan 14, 2014 | 03:02 PM | Corinna Petry

Tags  Original Equipment Suppliers Association, OESA, 12-month outlook, capacity constraints, North American vehicle production, Dave Andrea, Corinna Petry

CHICAGO — Automotive suppliers remain optimistic about near-term business conditions in January, but expect to face capacity constraints as North American light vehicle production ramps up to 16.5 million units over the next two years, according to a recent market survey.

The Original Equipment Suppliers Association (OESA) auto supplier sentiment index remained at 60 in January, unchanged since November.

Suppliers’ median forecasts for North American light-duty vehicle production volumes are 16.5 million units for both 2014 and 2015 compared with last year’s median forecasts of 15.2 million units for 2013 and 15.5 million units for 2014, according to Dave Andrea, OESA’s senior vice president of industry analysis and economics.....

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