Signs of recovery? Expansions in auto parts

Tuesday, June 17, 2003

We are beginning to see signs of life in the auto parts industry. A series of articles have appeared announcing expansions.

They include
expansion of a Cleveland-based company in Jacksonville; expansion of a Japanese supplier in western Kentucky, near Owensboro; expansion of a Japanese supplier in Michigan; expansion of a Japanese joint venture in Tennessee and Georgia's efforts to recruit in Germany, following the anticipated vote to go ahead with the Chrysler truck plant.

News is not all good. Two smaller plants are closing in Michigan. As one executive notes, "It's probably the most volatile time in the automotive supply industry in the last 25 years."

Today in our history of innovation...

In 1837, Charles Goodyear obtained his first rubber-processing patent.

posted by Ed Morrison |

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