Monday, March 5, 2012

Asian automakers' success creates boon for suppliers.(News)(Brief Article)

Byline: Amy Wilson

Asian suppliers are sharing the wealth that Asian automakers have mined in the North American market.

Nissan Motor Co. Ltd. and Toyota Motor Corp. gained U.S. market share in 2002, and investors benefited. Suppliers to those automakers saw corresponding share value gains during the year.

``The vehicle manufacturers in Asia-Pacific are gaining ground and generating profitability, and their key suppliers are sharing in that profitability,'' said Mike Burwell, a PricewaterhouseCoopers partner.

Japanese suppliers occupied seven of the top 10 spots on the one-year index and posted strong results on the three-year index. …

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