Canadian Auto Parts Makers To Benefit From Turmoil

CFW expects Canadian auto parts makers to continue to grow via M&A in H209 as they have navigated the downturn safely and avoided filing for bankruptcies, unlike many of their North American rivals. Indeed, July 1 saw the eighth bankruptcy filing by a major US auto parts supplier since 2005, demonstrating how the auto industry's worst sales results in decades are having a knock-on effect for the production and supplier segments. Lear Corp follows Collins & Aikman, Delphi, Tower Automotive, Visteon, Metaldyne, Dana Holding, Dura Automotive Systems.

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