Study Finds that North American Auto Suppliers Are Financially Sound.

Byline: Jeffrey McCracken

Aug. 15--North American auto suppliers, despite frequent complaints and tales of woe, are doing quite well financially compared to their counterparts overseas and all American businesses, according to a comprehensive study of 54 publicly traded, auto-parts makers worldwide.

Two local auto-parts makers, Southfield-based interiors giant Lear Corp. and Rochester Hills-based glass and steering system maker Dura Automotive, top the list of suppliers, which is based on their ability to generate cash.

The study looked at the finances of 54 parts makers as well 17 automakers, 22 auto-dealer groups and 17 auto-parts retailers. The …