Yesterday Visteon, a major auto parts supplier, filed for Chapter 11. So did Metaldyne. Both have global supply chains, so our research team took a look at their shipping data — to see if there were tell-tale signs that these companies were in trouble.
Indeed, things looked grim starting for Visteon in January of 2008:
Similarly, things looked grim for Metaldyne starting in February of 2008: