Mexican Media Brands
Suppliers Signal Willingness to Hire, Invest
North American auto parts suppliers, which have been wary of expanding since the economic slump, say they're ready to hire, according to the Original Equipment Suppliers Assn.
#economics
Share
North American auto parts suppliers, which have been wary of expanding since the economic slump, say they're ready to hire, according to the Original Equipment Suppliers Assn.
OESA's Automobile Supplier Barometer Sentiment Index for July also reports that about two-thirds of its members plan to accelerate capital spending this year. A year ago the same proportion expected zero to 5% growth in spending. The association says investments over the next 12 months are likely to focus on upgrading facilities rather than expanding them.
The association's confidence index slipped to 60 in July from 62 in May, mainly because of a slight decline among companies with less than $50 million in annual revenue. Any index above 50 indicates positive sentiment.
OESA says almost no suppliers expect to divest assets over the next 12 months, but 58% describe acquisitions as moderately or highly likely.
RELATED CONTENT
-
On The German Auto Industry
A look at several things that are going on in the German auto industry—from new vehicles to stamping to building electric vehicles.
-
China and U.S. OEMs
When Ford announced its 3rd quarter earning on October 24, the official announcement said, in part, “Company revenue was up 3 percent year over year, with net income and company adjusted EBIT both down year over year, primarily driven by continued challenges in China.” The previous day, perhaps as a preemptive move to answer the question “If things are going poorly in China, what are you doing about it?, Ford announced that it was establishing Ford China as a stand-alone business unit.
-
Mazda, CARB and PSA North America: Car Talk
The Center for Automotive Research (CAR) Management Briefing Seminars, an annual event, was held last week in Traverse City, Michigan.