Items Tagged with 'auto parts'

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Report: Auto Tariffs Threaten Low- and Mid-Tier Auto Suppliers

Selling about $50 million worth of parts it makes each year, Lucerne International isn't a top-tier auto supplier. Because the company doesn't have "deep pockets," according to CEO Mary Buchzeiger, long-term contracts with its customers block it from passing higher raw material costs or tariffs on to them. And Lucerne's profit margins are too thin to absorb the higher costs. 
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