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The United States has an intensive community of automotive parts suppliers serving the industry. According to a examine performed by IHS Markit and launched by the Motor & Equipment Manufacturers Association in 2015, the entire employment influence of the auto elements industry within the United States was estimated to be over 4 million direct and oblique jobs. The two largest domestic U.S. firms are shedding money as well as market share.

As a result of economic pressures, rising commodity costs and slowing progress in some areas, the markets themselves are shifting. Traditional players, corresponding to Europe and Japan, are showing …