Date updated:05-09-2009
The auto industry's breakdown is putting parts-suppliers on the skids.

-
NOBL
Nobl - $0.00
- N/A
- $N/A
The failures have already started. Last month, Nobel International (NOBL), a maker of laser-welded steel panels used in the Detroit Three's car and truck bodies, filed for Chapter 11.

-
LEA
Lear Corporation - $70.19
- +2.24%
- $69.28
Also in this beaten-down group: Lear (LEA), which produces seat systems and electronic components in 36 countries. Even after a very sharp rally last week on a Buy recommendation by an automated statistical-analysis trading system, it closed Friday at $2.50. Whether the bears or the automated stockpicker have a better fix on the company's prospects might become clearer Thursday, when the company is scheduled to hold a conference call with analysts.

-
AXL
Amer Axle&mfg Hld - $8.60
- 0.00%
- $N/A
Patel says that of the publicly traded major suppliers, those whose stocks are trading below $5 are considered to be at most risk. That group includes Lear (LEA), Stoneridge (SRI), Dana (DAN), ArvinMeritor (ARM) and American Axle (AXL), the last of which gets roughly three-quarters of its sales from GM.

-
SRI
Stoneridge Inc - $6.58
- 0.00%
- $N/A
Patel says that of the publicly traded major suppliers, those whose stocks are trading below $5 are considered to be at most risk. That group includes Lear (LEA), Stoneridge (SRI), Dana (DAN), ArvinMeritor (ARM) and American Axle (AXL), the last of which gets roughly three-quarters of its sales from GM.

-
DAN
Dana Holding Cp - $9.51
- 0.00%
- $N/A
Patel says that of the publicly traded major suppliers, those whose stocks are trading below $5 are considered to be at most risk. That group includes Lear (LEA), Stoneridge (SRI), Dana (DAN), ArvinMeritor (ARM) and American Axle (AXL), the last of which gets roughly three-quarters of its sales from GM.

-
ARM
Arvinmeritor Inc - $9.33
- -0.43%
- $9.44
Patel says that of the publicly traded major suppliers, those whose stocks are trading below $5 are considered to be at most risk. That group includes Lear (LEA), Stoneridge (SRI), Dana (DAN), ArvinMeritor (ARM) and American Axle (AXL), the last of which gets roughly three-quarters of its sales from GM.

-
MGA
Magna Intl Cl A - $56.01
- -0.90%
- $56.29
Among the stronger companies is the largest North American supplier, Canada's Magna International (MGA), which makes everything from power trains to roofs and bodies. Despite a first-quarter loss, it is in talks to buy a stake in Opel, GM's German unit. However, a sudden run-up in the stock -- from about 20 in early March to the high 30s now -- makes it look pricey. And Standard & Poor's has put Magna on its credit watch list, with negative implications.

-
JCI
Johnson Controls - $27.72
- -1.21%
- $28.02
Also on S&P's watch list: Johnson Controls (JCI), which supplies seats, doors, panels and consoles to every major global car maker, has $2 billion in liquidity and is well-diversified; Cummins Engine (CMI), a major force in diesel engines; and TRW Automotive (TRW), which is half-owned by the Blackstone Group (BX). Chrysler's bankruptcy filings show that it owes Johnson Controls $50.3 million; Cummins, $44 million; and TRW, about $5 million.
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