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Auto-Parts Firms Look Abroad
Keywords:
The auto parts industry is seeing a huge transformation as American Axle, Visteon and other companies look to Europe, Asia and other countries for growth and shift to a lower cost manufacturing base overseas. Costs are in many cases about 5 times in the USA than in other countries in Asia. And health care costs are a major part of the costs the auto parts makers face in the USA. To get an idea of how fundamental a change is going on American Axle which in 1995 did not have a plant overseas now expects 75% of its $1.3 billion in product orders to be met by plants overseas. And it is planning to build plants in India and Thailand. Visteon which used to be part of Ford Motor and made parts like heating and cooling systems mainly for Ford, will by 2010 according to Visteon's CEO, have sales to Hyundai and Kia of 28% of sales, making the Korean company its largest buyer. Ford's North American operations will only account for 6% of sales from 15% today. That is a dramatic change and involves closing plants in the US. For Visteon this means $635 million in cost reduction mainly through plant closings in 2008-2010.
Ford's downsizing of Visteon and sale of Visteon plants under Mulally and Fields
01/23/2008
Grouped Articles
Johnson Controls Bids for Visteon Businesses
Wall Street Journal 05/22/2010
Ford's Operating Chief Mark Fields Set to Become CEO This Year
Wall Street Journal 04/21/2014
Ford Speeds Up Succession Plan
Wall Street Journal 04/22/2014
Ford's Mulally Talks Mark Fields, Business in China and the New F-150
Wall Street Journal 04/22/2014
Insider Expected to Succeed Mulally at Ford
New York Times 04/21/2014
Wall Street Journal 10/29/2012
Delphi Automotive performance
01/07/2008
Grouped Articles
Auto-Parts Industry Thrives by Shift to High Tech Gear
Wall Street Journal 11/17/2013
Delphi Chief Rodney O'Neal to Retire
Wall Street Journal 09/10/2014
Delphi Focuses on Markets for Green and Safe Technology
Wall Street Journal 12/05/2011
Delphi Automotiveâs C.E.O., on Detours and Opportunity
New York Times 01/05/2013
Wall Street Journal 01/07/2008
Wall Street Journal 01/16/2008
U.S. Auto Parts suppliers pricing actions and its effect on car makers
10/17/2006
Grouped Articles
Ford Gets Cut Off by a Top Supplier As Detroit Squeezes Parts Makers - WSJ.com
Wall Street Journal 10/18/2006
Financier Icahn to Acquire $200 Million in Lear Stock - WSJ.com
Wall Street Journal 10/17/2006
When Ford Pushed, a Supplier Pushed Back
New York Times 10/21/2006
Wall Street Journal 01/23/2008
Johnson Controls management
01/23/2008
Grouped Articles
Johnson Controls' Next Boss Would Pare Auto-Parts Units
Wall Street Journal 08/09/2013
Johnson Controls Tells Critics Take a Seat
Wall Street Journal 01/20/2014
Johnson Controls Considers Spinning Off Car Parts Unit
New York Times 06/10/2015
Johnson Controls to Spin Off Automotive Business
Wall Street Journal 07/25/2015
Johnson Controls Said to Be in Advanced Talks to Combine With Tyco
Wall Street Journal 01/25/2016
Tyco Merger Will Shift Johnson Controls’ Tax Liability Overseas
New York Times 01/25/2016
Visteon.
01/23/2008
Auto parts companiy formerly connected with Ford Motor Company that is reorganizing under Chapter 11.
Grouped Articles
Johnson Controls Bids for Visteon Businesses
Wall Street Journal 05/22/2010
Wall Street Journal 10/29/2012
Wall Street Journal 01/23/2008
Delphi Automotive management
01/07/2008
Grouped Articles
Auto-Parts Industry Thrives by Shift to High Tech Gear
Wall Street Journal 11/17/2013
Delphi Chief Rodney O'Neal to Retire
Wall Street Journal 09/10/2014
Delphi Focuses on Markets for Green and Safe Technology
Wall Street Journal 12/05/2011
Delphi Automotiveâs C.E.O., on Detours and Opportunity
New York Times 01/05/2013
Wall Street Journal 01/07/2008
Wall Street Journal 01/16/2008
Delphi Automotive strategy
01/07/2008
Grouped Articles
Auto-Parts Industry Thrives by Shift to High Tech Gear
Wall Street Journal 11/17/2013
Delphi Chief Rodney O'Neal to Retire
Wall Street Journal 09/10/2014
Delphi Focuses on Markets for Green and Safe Technology
Wall Street Journal 12/05/2011
Delphi Automotiveâs C.E.O., on Detours and Opportunity
New York Times 01/05/2013
Wall Street Journal 01/07/2008
Wall Street Journal 01/16/2008
China's auto parts manufacturing industry
08/01/2006
Rapid development of the auto parts manufacturing industry in China, India and Mexico, as the US auto parts industry shrinks, and the increasing demands for cost competitive parts from automobile manufacturers.
Grouped Articles
China's Rise as Auto-Parts Power Reflects New Manufacturing Edge
Wall Street Journal 08/01/2006
Car Makers Face Cooldown in China Market
Wall Street Journal 01/06/2010
Johnson Controls Bids for Visteon Businesses
Wall Street Journal 05/22/2010
China's Export Pain May Be Mexico's Gain
Wall Street Journal 02/06/2012
Wall Street Journal 01/23/2008
Johnson Controls strategies
01/23/2008
One of the few auto parts companies that have continued to operate outside of bankruptcy protection.
Grouped Articles
Johnson Controls' Next Boss Would Pare Auto-Parts Units
Wall Street Journal 08/09/2013
Johnson Controls Tells Critics Take a Seat
Wall Street Journal 01/20/2014
Johnson Controls Considers Spinning Off Car Parts Unit
New York Times 06/10/2015
Johnson Controls to Spin Off Automotive Business
Wall Street Journal 07/25/2015
Johnson Controls Said to Be in Advanced Talks to Combine With Tyco
Wall Street Journal 01/25/2016
Tyco Merger Will Shift Johnson Controls’ Tax Liability Overseas
New York Times 01/25/2016
Johnson Controls performance
01/23/2008
Grouped Articles
Johnson Controls' Next Boss Would Pare Auto-Parts Units
Wall Street Journal 08/09/2013
Johnson Controls Bids for Visteon Businesses
Wall Street Journal 05/22/2010
Johnson Controls Tells Critics Take a Seat
Wall Street Journal 01/20/2014
Johnson Controls Considers Spinning Off Car Parts Unit
New York Times 06/10/2015
Johnson Controls to Spin Off Automotive Business
Wall Street Journal 07/25/2015
Johnson Controls Said to Be in Advanced Talks to Combine With Tyco
Wall Street Journal 01/25/2016
Auto parts manufacturing in China and India.
06/07/2007
As the auto parts manufacturing shifts to Asia and other countries companies like Visteon and American Axle close US plants and move to new plants overseas. China and India become major base for autoparts manufacturing and determine the economics of the autoparts industry.
Linked Articles
Wall Street Journal 01/23/2008
Chinese Auto Parts Enter the Global Market
New York Times 06/07/2007
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