Auto Parts Makers Grinding to a Halt

The globalization of automobile parts production and the search for a bigger bottom line have been putting pressure on suppliers all over the world. In this story, the New York Times profiles a Michigan auto-part manufacturer who is losing his business to a foreign supplier. “General Motors, Ford and Chrysler used to develop all of their work in their backyard. Now, it's go on the Internet and do it the new way. They can't raise the price of the automobiles so they have to take it out of the parts,“ says shop owner Tom Libera. - YaleGlobal