While automotive suppliers are more optimistic about increased business from the OEMs in 2013, OEMs continue to be concerned about tightening capacity and suppliers’ ability to meet launch schedules. Those are the latest findings from the Automotive Supplier Barometer released this week by the Original Equipment Suppliers Association in partnership with Deloitte LLP.
The OESA Automotive Supplier Barometer Sentiment Index increased to 66, an increase of seven points from March. Only 4% of respondents indicated any pessimism compared to 12% two months ago. Of the 97 respondents, 47% indicated they are “somewhat more optimistic” with an additional 3% indicating they are “significantly” more optimistic. “The optimism comes from stabilizing North American sales and production levels,” said the report’s summary. “Some suppliers indicate a significant increase in business. The European economic outlook continues to be the major headwind.”...