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Auto parts industry faces downturn amid rising costs
In Chicago and the Midwest, BorWarner Friction Products Unit at Bellwood confronts a 10 percent demand drop and potential layoffs while rivals endure slumping sales. Analysts foresee a 10 to 20 percent near-term drop in OEM parts, with aftermarket parts holding steady. Growth areas include safety parts, emission testing gear, more parts for proliferating car models, and expanding warranties.
MENTIONED IN THIS ARTICLE
Chicago
William Hornick
Hornick
Een
Borg-Warner Corp
Bellwood
U.S
U.S. Labor Department
Automanubaet
Jim Fahrner
J.P. Industries
Ann Arbor
Mich
T & N PLC
Midwest
William Raftery
Motor and Equipment Manufacturers Association
Englewood Cliffs
N.J
Raftery
Arvid Jouppi
Keane Securities
Detroit
Jouppi
UAW
Japan
Nstead
United States