johnsocal
01-04-2007, 11:41 AM
Survey of top global auto execs by KPMG finds 87% see more bankruptcies, and only 20% expect improved profits
http://money.cnn.com/2007/01/04/news/companies/kpmg_auto_survey/index.htm?postversion=2007010411
The survey, conducted in the fall 2006, did not differentiate between bankruptcies by automakers and auto parts suppliers, though. The last year and a half has seen a number of high-profile bankruptcies in the parts sector of the industry, led by Delphi (Charts), the world's largest parts supplier which filed for protection from creditors in October 2005.
http://money.cnn.com/2007/01/04/news/companies/kpmg_auto_survey/index.htm?postversion=2007010411
The survey, conducted in the fall 2006, did not differentiate between bankruptcies by automakers and auto parts suppliers, though. The last year and a half has seen a number of high-profile bankruptcies in the parts sector of the industry, led by Delphi (Charts), the world's largest parts supplier which filed for protection from creditors in October 2005.