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Better Financial Results Expected
for Auto Suppliers

Better Financial Results Expected
for Auto Suppliers

Thursday, February 5, 2004
 
The benefits of new platform launches and increased vehicle production, though offset somewhat by price-downs and higher material and operating costs, should allow automotive suppliers to deliver improved financial results in 2004. That’s according to Moody’s Investor Service in its 2004 Outlook for the Industry report. In addition, suppliers should be able to generate cash flow and pay down debts. In 2004, Moody’s expects light vehicle production to rise 3 percent to 16.3 million vehicles.

 

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