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(AMM) Auto supplier outlook brightens: OESA

May 21, 2010 - 23:26 GMT Location: CHICAGO

KEYWORDS: automotive , Original Equipment Suppliers Association , OESA

Business conditions in the automotive original equipment manufacturers are improving, with Tier 1 and 2 suppliers forecasting higher production volumes, according to the Original Equipment Suppliers Association (OESA).

Tier 1 and 2 automotive suppliers are forecasting higher production volumes to match expected auto and light truck sales of 11 million units this year, and are forecasting a return to profitability in 2010 as they have lowered their breakeven point to 10 million units, Dave Andrea, OESA's vice president for industry analysis and economics, said in a report this...

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