Offshore auto parts suppliers expanding in the U.S.

It isn’t just GM and Ford facing offshore competition – their auto parts spinoffs have the same problems. Following closely behind overseas automakers, offshore parts suppliers are also growing their North American presence, according toAutomotive News. In 2004, auto parts suppliers based outside the U.S. provided 33.1 percent of OEM parts sold in North America, a 20 percent increase over 2001 levels. Sales aren’t just to import carmakers, either. Japanese-based multinational parts supplier Denso does nearly 45 percent of its North American business with the Big 3.

By s.waterman@p1data.com
Get Autoblog in your Google feed
Preferred SourceGoogle Discover

It isn’t just GM and Ford facing offshore competition – their auto parts spinoffs have the same problems. Following
closely behind overseas automakers, offshore parts suppliers are also growing their North American presence, according
to Automotive News.

In 2004, auto parts suppliers based outside the U.S. provided 33.1 percent of OEM parts sold in North America, a 20
percent increase over 2001 levels. Sales aren’t just to import carmakers, either. Japanese-based multinational parts
supplier Denso does nearly 45 percent of its North American business with the Big 3.