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Big and small European suppliers push for growth in North America.(News)
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Automotive News Europe
- Article date:
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September 8, 2003
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Copyright informationCOPYRIGHT 2003 Crain Communications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Edmund Chew
North America offers one of the most accessible markets to crack and European suppliers are taking full advantage.
The globalization of automaker purchasing has let European suppliers strengthen their positions in the market (see story, Page 3).
"The Big 3 are willing to entertain any supplier who increases the competitive dynamics in a sector, or comes in with a better price," says Paul McCarthy, analyst at PricewaterhouseCoopers Autofacts
European companies such as Bosch and ZF Friedrichshafen have already captured a chunk of the market, and Faurecia also is doing well.
The PSA/Peugeot-Citroen subsidiary bought AP Automotive Systems' ...
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