The Unappealing Story Under GM's Hood
Auto-parts suppliers like Nexteer are being squeezed hard.
This article is for subscribers only.
What's a better bet -- the car, or the parts under the hood? Investors have long believed the latter, but that may be changing.
Auto-parts suppliers like Michigan-headquartered, Hong Kong-listed Nexteer Automotive Group Ltd., Minth Group Ltd. and Fuyao Glass Industry Group Co. count General Motors Co. and Ford Motor Co. among their biggest customers. Their high-margin businesses have been on a tear, riding a wave of record auto sales in the U.S. and China, the world's largest car market.