Auto suppliers feel squeeze
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DETROIT -- New car and truck sales rose more than two per cent during the first 10 months of 2004, but many of the companies that supply parts to the big automakers have little to celebrate -- their profits are shrinking as raw materials costs rise and
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Corporate customers are still tight-fisted with their budgets as they put off needed upgrades, analysts say.
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Automakers weren&#39;t as generous with consumer incentives in October as they were in September, but US shoppers can expect a new round of deals as manufacturers, particularly General Motors Corp.
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A recovery in the economy later this year will keep U.S. vehicle sales from plunging as deeply as the most bearish forecasts suggest, according to an outlook released on Sunday by the group representing U.S. auto dealers.
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Weakness in the manufacturing sector, especially the auto industry, may be dampening the nation's economic prospects, but the bigger services sector appears to be more than making up for it.
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A recovery in the economy later  this year will keep U.S. vehicle sales from plunging as deeply  as the most bearish forecasts suggest, according to an outlook  released on Sunday by the group representing U.S. auto dealers.
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Q3 inventory corrections put pressure on vendors to perform in Q4
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Automakers faced an uphill climb in the US market in January, as weak economic conditions and consumer caution put a dent into sales, company reports showed Friday.
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The record rise of the euro against the  dollar hangs over the big U.S. automakers, whose returns from  European operations in particular have shrunk due to the weaker  U.S. currency.
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The outlook for China's once sizzling auto market has cooled, prompting both foreign and domestic automakers to scramble to undercut their competitors by slashing prices by up to 20 percent.
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Car buyers, tired of designs that roll  off the assembly line, are shifting gears to decades past.
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Fallout from a crisis in the U.S. subprime mortgage market rattled the auto sector on Tuesday after the debt package for a General Motors asset sale was postponed and borrowing costs on automakers' debt surged.
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Russia, other nations in east are latest destinations for OEMs, suppliers. Facing tighter margins and continuous needs to be closer to market, automobile manufacturers in Europe continue to seek out low-cost ...
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Weakness in manufacturing, especially the auto industry, may be damping economic prospects, but the bigger services sector appears to be more than making up for it.
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One of the mantras of global industry  in recent years has been keeping inventories lean and mean, but  there are increasing signs this cost-cutting strategy is  creating strains and causing companies to miss out on sales.
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General Motors and Ford are cutting production in their domestic market over the coming months as car sales begin to slow amid wilting consumer confidence.
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The accessory line weighs down the company's overall margins.