Table of Contents Section 1 1 Chapter 1: Introduction 3 1.1. Overview of the Market 3 1.1.1. United States: Latest Developments 4 1.1.2. Canada: Latest Developments 5 1.1.3. Mexico: Latest Developments 5 1.1.4. The Detroit Three 6 1.1.5. General Motors 6 1.1.6. Chrysler 7 1.1.7. Ford 7 1.1.8. Chrysler Purchasing 8 1.1.9. Toyota 8 1.2. Impact of Globalisation 9 1.3. Outlook for an Anxious Industry 10 1.3.1. Making the Switch 10 1.3.2. Detroit Three Move To Cars 11 1.3.3. Impact on Asian Automakers 13 1.3.4. Productivity Analysis 14 1.3.5. Ford Motor Company Plan 14 1.3.6. GM Plan 16 1.3.7. Chrysler Plan 19 1.3.8. Fleet Sales Cut 20 1.4. The Value Proposition: Market Capitalisation 22 Chapter 2: A Time of Transformation 27 2.1. Major Issues Impacting the Industry 27 2.2. Role of private equity 29 2.3. The Environment 31 2.4. Alternative energy 32 2.5. New / Old Era of Labour Relations 34 2.6. Consumers Throw Automakers Into a Tizzy 36 2.7. The New Low-Cost U.S. 37 2.8. The Needed Workforce 39
2.9. Export plans 40 Chapter 3: Role of Government 43 3.1. New CAFE Regulations 43 3.2. Trade Legislation 45 3.3. Advanced Fuel Cell Technology 47 3.4. California Regulations 48 Chapter 4: OEM Supplier Relations 49 4.1. Chrysler Purchasing Plan 51 4.2. General Motors Purchasing Plan 53 4.3. Ford Purchasing Plan 55 4.4. Asian Automakers Purchasing Plans 56 Chapter 5: Emergence from Bankruptcy 57 5.1. Factors that led to the downturn then and now 58 5.1.1. Over dependence on the Detroit Three 58 5.1.2. Pricing pressures 58 5.1.3. Soaring raw material prices 58 5.2. Chassis and interior parts makers facing the brunt 59 5.3. Operational initiatives in concurrence with financial restructuring 60 5.3.1. Rising trend of mergers & acquisitions 60 5.4. The future 61 5.5. Case Studies 62 5.5.1. Collins & Aikman 62 5.5.2. Tower Automotive 62 5.5.3. Meridian Automotive 63 Chapter 6: North American Supplier Industry: Mergers and Acquisitions 73 6.1 Houlihan Lokey M&A Insights 73 6.1.1 North America falls behind Europe 74 6.1.2 Financial Buyer M&A Transactions 74 6.1.3 Trade Buyer M&A Transactions 75 6.1.4 Conclusions 77 Section 2 85 Who supplies whom: Interior 87 Who supplies whom: Exterior 93 Who supplies whom: Electrical/ Electronic 99 Who supplies whom: Chassis/ Underbody 105
Who supplies whom: Powertrain 113 Section 3 121 3M 123 ABC Group 126 Advanced Accessory Systems 128 Aisin Seiki 130 Akebono Brake 134 Alcoa 137 Alfa 142 Alpine Electronics 144 Alps Electric 147 Ambrake 150 American Axle and Manufacturing 151 ArvinMeritor 154 Asahi Glass 160 ASC 164 Autoliv 166 AZ Automotive 171 BASF 172 Bayer 177 Behr 182 Benteler 185 BorgWarner 188 Bosch 193 Bridgestone 200 Brose 205 Cadence Innovation 208 Calsonic Kansei 210 Camaco 213 Citation 215 Clarion 217 Continental 220 Cooper Standard Automotive 229 Cummins 233 Dana 236
Delphi 240 Denso 248 Dow Chemical 253 DuPont 257 Dura Automotive 262 Eagle-Picher 266 Eaton 268 Eberspächer 273 Edscha 275 Exide Technologies 278 F-Tech, Inc. 281 Faurecia 283 Federal-Mogul 288 Findlay Industries 292 Flex-N-Gate 293 Foamex 294 Freescale Semiconductor 296 Freudenberg-NOK 300 GECOM 302 Gentex 303 Gibbs Die Casting 306 GKN 307 Goodyear 311 Grede Foundries 315 Grupo Antolin 317 Guardian 319 Hayes Lemmerz 321 Hella 324 Henniges Automotive 328 Hitachi 329 Honeywell 332 Hutchinson 335 Illinois Tool Works 337 Inalfa 340 Inergy 342
Intermet 344 J.L. French Automotive Castings 347 Johnson Controls 349 Johnson Electric 353 JTEKT 356 Karl Schmidt Unisia 360 Karmann 363 Kautex Textron 365 Keihin 367 Key Plastics 370 Key Safety Systems 372 Kolbenschmidt Pierburg 374 Kongsberg Automotive 377 Lacks 380 Lear 382 Linamar 387 Magna 390 Magneti Marelli 396 MAHLE 399 Mando 404 Mark IV 406 Martinrea 408 Meridian Automotive 411 Meridian Technologies 413 Metaldyne 415 Michelin 418 Mitsuba 422 Mitsubishi Electric 425 Multimatic 429 Navistar 431 Neaton 433 NHK Spring 434 Nissin Kogyo 437 North American Lighting 440 Novelis 441
Nippon Sheet Glass 444 NSK 448 NTN 452 Ogihara 457 Omron 458 Osram 461 Owens Corning 464 Panasonic Automotive 467 Parker Hannifin 470 Philips 472 Pioneer 475 Plastic Omnium 478 PPG Industries 482 Remy 486 Rieter 489 Saint-Gobain 492 Sanden 495 Sanluis 498 Saturn Electronics & Engineering 500 Schaeffler 502 Shiloh Industries 505 Showa 506 Siegel-Robert 509 SKD Automotive 511 SKF 512 Stanley Electric 517 Stoneridge 519 Strattec Security 522 Sumitomo Electric 524 Superior Industries 527 Takata 529 Teksid 532 Tenneco 533 ThyssenKrupp 538 TI Automotive 544
Timken 547 Tokai Rika 550 Tomkins 552 Tower Automotive 555 Toyoda Gosei 558 Toyota Boshoku 561 Trelleborg 564 Trim Masters 568 TRW Automotive 569 TS Tech 574 UGN 576 Valeo 578 Visiocorp 582 Visteon 584 Webasto 590 Woodbridge 593 Yazaki 595 ZF 598
Table of Figures and Tables Figure 1 US Light Vehicle Sales 1995-2015 10 Figure 2 North American Light Vehicle Production 1995-2015 12 Figure 3 North American Light Vehicle Production Transplants 1995-2015 13 Figure 4 US OEM Market Capitalization 22 Figure 5 Comparison: Const./Ag Equipment 22 Figure 6 Comparison: Aerospace/ Defense 23 Figure 7 Comparison: Non US Auto Companies 23 Figure 8 Comparison: High Techs 24 Figure 9 US Supplier Market Capitalization 24 Figure 10 Supplier Market Capitalization 25 Figure 11 OEM Attractiveness 49 Figure 12 OEM Attractiveness II 50 Figure 13 Change in attractiveness 2007-2008 50 Figure 14 Trust 52 Figure 15 Trust: change 2006-2008 52 Figure 16 Who wants to work with whom? 54 Figure 17 Bankruptcy Filings 1999-2008 57 Table 1 Equity firms and targets 60 Table 2 Investments in North America for 2007-2008 64 Table 3 Europe & North America Auto Suppliers Top 20 Comparison 74 Table 4 Mergers and Acquisitions 2007/2008 78