Robert Bosch GmbH became the world's second largest automotive supplier last year, moving ahead of Visteon Automotive Systems.
Bosch increased revenues by $1.7 billion in 1998 to edge past Ford Motor Co.'s parts-making subsidiary.
A list of the top 100 global suppliers was compiled by US sister publication Automotive News and is included in the 1999 Automotive News Europe Global Market Data book.
Bosch's rise was largely driven by sales of its direct diesel injection technology in Europe and sales of high-tech vehicle navigation systems.
Valeo SA of France moved from 15th place to 10th after increasing revenues by almost $900 million. France's other big supplier, Faurecia, the parts business of PSA/Peugeot-Citroen, rose from 18th to 15th with revenues up over $600 million.
Michelin Group of France was up from 20th place to 16th, although revenues were expected to be about the same at $4 billion.
In Germany, Mannesmann AG improved to 13th from 17th with revenues up by almost $1 billion. Other risers included Freudenberg NOK Group, up from 29th to 20th with revenues increasing by $300 million, Thyssen Budd Automotive GmbH, and Siemens AG Automotive Group.
Autoliv Inc. of Sweden and GKN plc of the UK also improved their rankings. Both are in the top 25. Among the significant decliners were Magneti Marelli SpA of Italy and ZF Freidrichshafen AG of Germany, which saw revenues drop $400 million.
Six major suppliers saw 1998 revenues jump by more than $1 billion and each one accomplished this with substantial help from acquisitions.