Virtually half of the 25 largest suppliers to automakers in North America are foreign-based, and many of the U.S. companies on the list are struggling.
Automotive News' annual survey of the top 150 North American suppliers shows that 12 of the top 25, ranked by sales, are foreign companies, up from just five a decade ago and 11 last year.
Robert Bosch, the largest European suppliers in North America, dropped to No. 6 in the survey from No. 5. after its sales declined. Continental held its position at No. 7.
Of the 13 U.S. companies in the top 25, 11 had lower sales last year. Three of those 13 have received "going concern" warnings from auditors, one is in bankruptcy, and several others have corporate credit ratings deep into junk territory.
Automotive News bases its annual ranking on sales of original-equipment parts to automakers and other suppliers in North America. Suppliers provide the bulk of the financial data. Sales at some companies had to be estimated because they are closely held or because their fiscal-year results were unavailable last week.