Automotive Industry
Industry: Email Alert RSS FeedNorth America sees 2nd wave of European suppliers; Companies such as Faurecia aim to copy Bosch's success.(Suppliers)
Automotive News Europe, August, 2004
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Byline: Julie Armstrong
European suppliers have bold plans for North America.
Another wave of European suppliers is trying to follow in the footsteps of well-established European suppliers in North America, such as Robert Bosch and Siemens VDO Automotive.
Faurecia and TI Automotive Ltd. are making noticeable headway at increasing sales. Faurecia jumped to $1.32 billion ([euro]1.07 billion) in North American sales last year from $180 million in 1998. TI Automotive posted $994 million in North American sales last year, up from $650 million in 1998.
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Meanwhile, companies ...
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