Tier 2 suppliers in Europe face most trouble

ArvinMeritor tier 2 suppliers in Western Europe are in greater financial trouble than their U.S. counterparts, says Crain’s Detroit Business.
Phil Martens, head of the company’s light vehicle systems unit, tells the newspaper that it worries most about suppliers in France and Germany. He claims suppliers in Europe are at higher risk of filing for bankruptcy than their U.S. counterparts.

Hector Fratty

Hector Fratty, DrivingVisionNews President and Founder has been for his entire career in automotive lighting. From 1995 to 2006, he was Valeo Lighting Systems’ chief of R&D, managing a staff of 650 engineers and technicians and a budget of over €70m. He holds 20 patents worldwide. In 2008, after 2 years’ consultancy, he initiated the launch of Driving Vision News, a news pipeline dedicated to keeping the lighting and driver assistance community informed of the latest progress and development in the industry. Hector Fratty presides over the highly‐regarded biennial VISION Congress international automotive lighting and driver assistance symposium. Hector Fratty is also a member of the ISAL steering committees.