Research Study on Automotive Brake Supplier Industry Trends for Doctorate Dissertation Indicates Massive Shrinkage in Suppliers by 2005

University of Phoenix Doctoral Candidate Predicts Dramatic Consolidation*

TROY, Mich. January 1, 2002 – An ongoing research study on “Automotive Brake Supplier Industry Trends” conducted by a University of Phoenix doctoral candidate indicates that the current “merger mania” trend has left many automotive brake suppliers ready to acquire less competitive suppliers in the industry in order maximize product offerings with the intention of cutting costs and consolidating their leadership positions.

Laura Pogue, an adjunct professor and a doctoral candidate at the University of Phoenix, came to the prediction based on extensive surveys, interviews and presentations with automotive brake supplier leaders, executives, industry analysts and automotive trade organization leadership. The results of her preliminary research will be presented at the Brake Manufacturing Council’s Annual Marketing and Technical Conference March 18, 2002 in Phoenix, Ariz.

According to Ms. Pogue, her preliminary research indicates that the brake manufacturing industry will continue to undergo a series of consolidations, mergers and acquisitions designed to improve the competitive positions for the suppliers that remain. Ms. Pogue’s research focuses on the identification of the corporate strategies behind this trend/activity. “Ongoing industry study predicts dramatic consolidation in the brake supplier industry through the year 2005,” Pogue said.

“The rise and fall of the players in the automotive brake industry will depend on their ability to sniff out the poor performers and gobble them up for a bargain price.”

Pogue will present her complete dissertation to the University’s doctoral committee in the fall of 2002.

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