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Survey of top global auto execs by KPMG finds 87% see more bankruptcies

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Old Jan 4, 2007 | 10:41 AM
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Survey of top global auto execs by KPMG finds 87% see more bankruptcies

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...ion=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.

Last edited by johnsocal; Jan 4, 2007 at 10:45 AM.
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