Labor strike poses challenges for auto suppliers
A labor strike against General Motors will present more challenges for auto parts suppliers, which have struggled with bankruptcies and increased competition in recent years, analysts said Monday. The impact of the United Auto Workers strike on auto parts suppliers will largely depend on the length of the work stoppage and the degree of the individual companies' ties to GM. But analysts said it will quickly ripple through the industry. "Every car that's not built means there's 10,000 components that don't get sold and don't get put on the car," said Neil De Koker, president of the Original Equipment Suppliers Association, an industry trade group.
See "Labor strike poses challenges for auto suppliers", Ken Thomas, Chicago Tribune, September 23, 2007