The U.S. dollar's depreciation has significantly impacted the auto industry, particularly affecting American automakers and their suppliers. According to a report by the Financial Times, U.S. auto parts suppliers are losing their global competitive edge due to the sharp decline in the value of the dollar and the weakening position of the country's largest automotive manufacturer. SupplierBusiness.com recently released data showing that Delphi and Visteon, once among the top global auto suppliers, have slipped from first and third to second and fourth place, respectively, when measured against the current exchange rate. These two companies were originally subsidiaries of General Motors and Ford. When calculated using last year’s exchange rates, Robert Bosch, a German private company, became the world's largest auto parts supplier. This shift is attributed not only to the stronger euro but also to increased European demand for diesel engines, where Bosch holds a dominant position. Based on the average euro-to-dollar exchange rate from last year, Bosch generated $26.2 billion in auto parts sales, just slightly below Delphi’s $27.3 billion. However, this year, Bosch is expected to overtake Delphi, as Delphi plans to cut nearly 10% of its sales, while Bosch anticipates continued growth. Meanwhile, Denso, Japan’s largest auto parts supplier, ranks third globally, benefiting from the strong performance of Japanese automakers in the U.S. market. These Japanese companies have been expanding aggressively, often favoring domestic components and challenging the dominance of U.S. automakers. Edmund Chew of SupplierBusiness.com noted that the weaker U.S. dollar is the primary driver behind these shifts. However, the changes also highlight the struggles of Delphi and Visteon in breaking free from their parent companies—General Motors and Ford. Visteon, in particular, has faced severe financial challenges, especially with rising pension and healthcare costs. The company recently received a bailout from Ford and was downgraded to junk status by Moody’s. While Delphi has managed to diversify its customer base beyond General Motors, 61% of its revenue still comes from the automaker. This dependency continues to shape the evolving landscape of the global auto supply chain.

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