Some of the biggest names in the North American supplier industry - Delphi, Visteon and Lear Corp. - stayed away from this year's show. But Europeans were there in strength, and mostly upbeat about their prospects.
Sachs Automotive President Julio Caspari said his company expects to double its market share for chassis components and modules in North America in the next four years. Caspari sees Sachs' share growing from 6 percent to 22 percent.
Caspari expects sales of Sachs' shock absorbers and suspension struts in the USA, Canada and Mexico to rise from 6 million to 12.5 million. Sachs is investing $30 million (e32 million) in plants in Florence, Kentucky, USA, and Guadalajara, Mexico to increase its capacity.
Sachs also expects growth in its torque converter business. Sachs opened a $70 million plant in Mexico in 1998, and a $5 million technical center in Troy, Michigan, USA. Since then, Sachs has become the leading independent manufacturer in the sector in the NAFTA region, says Caspari. Sachs raised its global converter production to 1.8 million units in 2000, four times higher than 1993.