Outsourcing of Automobile Component Manufacturing/Design

Along with automakers, auto parts manufacturers were hit hard by the global recession. The U.S. Department of Commerce reported that more than 50 auto parts makers filed for Chapter 11 bankruptcy protection in 2009 and up to 200 were liquidated. However, those that remained in business, many by divesting themselves of unprofitable businesses and focusing on their core strengths, managed to turn themselves around in a remarkably short time. For example, Lear Corporation emerged from bankruptcy in 2009 after selling its automotive interiors business and focusing on car seats and electronics. The company reported revenue growth from $11.9 billion in 2010 to $18.2 billion in 2015.

Meanwhile, auto parts manufacturers in China are enjoying an upswing to serve the growing market there for light, cost- and fuel-efficient vehicles. In addition, a number of U.S. parts manufacturers, including American Axle & Manufacturing Holdings, Inc. and Meritor, Inc. (formerly ArvinMeritor), opened plants in China and India to diversify their interests and take advantage of the booming markets in those countries.

Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur. Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est laborum.

Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur. Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est laborum.

Become a Plunkett Research Online subscriber to gain unlimited access to our massive amount of vital industry data and market research.

✔ 100,000 Industry Statistics
✔ 500 Industries Analyzed for Market Size, Profits and Forecasts
✔ 150,000 Industry Executives Profiled
✔ 25,000 Companies Profiled, Ranked and Analyzed
✔ 1,000 Vital Trends Analyzed, totaling 1,000,000 words

Learn More

Outsourcing of Automobile Component Manufacturing/Design, Business and Industry Trends Analysis

A Representative List of Organizations that Have Used our Research and Products:

How to access Plunkett Research data.

What data challenge can we help you solve today?

Take a Tour

Contact

Testimonials