Friday, October 21, 2011

Honda overtakes Toyota for top spot in auto supplier survey - Dayton Business Journal:

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Toyota dropped to second in the surveyby , which has conductesd the survey since 2002, and Nissan came in third. Of the Big Threer automakers from Detroit, (NYSE: F) came in ahea of the other U.S. followed by (NYSE: GM) and , which came in last overallo in the survey for the second year ina row. “Researchb we began in the early 1990s always showed Toyotwa as having the best relationshi p withits suppliers, but something seems to be said John Henke Jr., president of Michigan-based Plannin g Perspectives. “They’re looking a little more like U.S. Ltd.
(NYSE: HMC) reported its sales for Aprio slid25 percent, and that it wouldx be cutting production as it continues to cope with the economicv recession. Marysville-based employs more than 12,009 workers at assembly and engine plants in and aroundfCentral Ohio, where they produce Hondza Accords, Civics, CR-Vs, Elements and Acura TLs and (NYSE: TM) reported its lost $4.4 billiobn for the most recent fiscaol year, as it continues to deal with the global slump in auto sales. Chrysler recentlh filed for bankruptcy and GM is expectecd to file for bankruptcy protectioh as early asthis week. Both automakerws have accepted billions of dollars in bailout funds fromthe .
Ford is the only membef of the Big Three not to take federal bailout Both Chrysler and GM have announced significanft cuts in theirdealer networks, and are trimmintg jobs and looking at closing plants. All of those movezs have hit suppliers, particularly the smaller auto some of which have had to go outof

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