It Was a Pretty Good Year in the Car Business—Except for Suppliers – The Wall Street Journal

December 5, 2021 by No Comments

Peter Anthony, the head of a Chicago-area auto supplier, has spent much of this year feeling left on the sidelines in an industry delivering solid profits to car makers and dealers.

Raw-material prices and labor costs have soared for his firm, UGN Inc., which makes insulation products for vehicles. Hiring had become such a challenge that the company eased its drug-screening policy and recruited former inmates to fill factory vacancies, he said. All the while, car companies keep canceling orders last minute due to their own challenges with a computer-chip shortage, denting revenue.

Source: https://www.wsj.com/articles/it-was-a-pretty-good-year-in-the-car-businessexcept-for-suppliers-11638700201

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