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Article: Japanese suppliers share North American pain.(NEWS)
- Article from:
- Automotive News
- Article date:
- August 3, 2009
- Author:
CopyrightCOPYRIGHT 2009 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: Hans Greimel
Japanese suppliers used to follow an easy formula for success in North America: Set up a local factory or two and grow in pace with their major customer from back home, whether that was Toyota Motor Corp. or Honda Motor Co.
That formula doesn't work anymore.
Cutbacks by Japanese automakers in North America have triggered production cuts, job losses and plant closings at their loyal supplier partners. And then two of their key secondary customers, General Motors and Chrysler, filed for bankruptcy and shut factories for long periods.
The North American operations of companies such as Denso Corp., Aisin Seiki Co., ...