TITLE

Things starting to look up for auto suppliers

AUTHOR(S)
Colias, Mike
PUB. DATE
November 2010
SOURCE
Rubber & Plastics News;11/29/2010, Vol. 40 Issue 9, p9
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on automobile suppliers enjoying their biggest profit margins in years in 2010. Automobile parts supplier Federal-Mogul Corp. emerged from six years of bankruptcy after licking its wounds from several quarters of heavy losses. Scott Merlis, managing director at CRT Investment Banking in Stamford, Connecticut, said that expanding profit margins and cash flows should facilitate a widely anticipated round of mergers and acquisitions among suppliers.
ACCESSION #
58149110

 

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