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

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…

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