DETROIT (Reuters) - Mon Nov 2, 2009 6:49pm EST - The U.S. auto supply industry averted catastrophe during the implosion of vehicle sales this year but more than half of the private companies still standing are distressed, an industry consultant said on Monday.
William Diehl, chief executive of advisory firm BBK, told the Reuters Autos Summit the sector must shrink rapidly to match output with vehicle sales, which have declined from nearly 17 million units three years ago to just over 10 million this year....
