Posted By
MELISSA ANDERSON
on
3/5/2010 3:19 PM
Now that public companies are reporting their 2009 full-year results, we took a closer look at ten of them, from A to V, to see how they fared. Everyone had a decline in net sales, of course, by percentages ranging from 16% at Goodyear to 44% to wheelmaker Superior Industries. But some are finding silver linings.
Production volume reductions and unfavorable foreign exchange were the curse of 2009 for these large automotive suppliers. The fourth quarter showed a glimmering of hope, though. Seven of the companies saw improvement from Q4 2008. BorgWarner sales were up 29% Q4 YOY. Visteon was up 27%, and TRW up 20%, while Tenneco, Federal-Mogul, Goodyear and Lear were up single digits. American Axle had its second consecutive profitable quarter at the end of 2009. The strengthening of the market is underway, and the rising tide is lifting most boats.
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