How Many Auto Suppliers Will Go Under?

" lines have been laughed idled by the flat for the US auto industry. I continue non automotive clients to get business from rolling again now warning. To the Wall Street don't know about the growing number of bankruptcies could be 20% of the industry's 1700 for suppliers. We'll go under. This -- alone. And a first on fox in the I'm joined right now by -- Florentine -- president and chairman. Of the board of the auto --"

" We're about two -- heavy trucks we do a lot with axles brakes suspensions for all the classic trucks out there. Enough to -- a lot of specialty things and off highway in the military application which is really held up very well in this economy. Nor about 13 automotive so obviously being based in southeast in -- we feel a little but the impact what's going on the automotive space. But because we've diversified both product wise marginalized in global -- much less dependent on that so little -- impact than others."

" So you felt the pain icing from Chrysler and General Motors for that 13 of your business that is directed toward. Those companies how we view making up for it or did you see this in advance and say look here's how does that change the assembly lines to prepare for that."

" Election I think we've done a couple of years ago and kind of made the decision was to refocus the business more on commercial vehicle side so. -- back about three years ago we were about 6065%. Automotive and about 13 heavy trucks and we kind of reversed it. If you look at divested businesses -- we consciously made a decision a couple of years will be much less dependent on motor. But having said that -- of -- and automotive really look at their gimmick by experts less than 10% provision -- not to say that we're not impact can certainly do feel some impact. But the direct impact us compared to others as much less. I think the more important thing is when you look at just the impact of the industry in general. It certainly has had ripple effect and with feeling like everybody else in your consumer confidence -- on the other."

" Let's see -- specifically for just a moment about the manufacturing base. There are a lot of polls and surveys that have been done some what you can be discussed at the national summit about the fact that the American economy in American suggest. They want manufacturing they believe it's vital to this economy. And yet only 30% of their parents of the parents surveyed -- You fat measurements suggest. They would encourage their kids to go and manufacturing sector only 17%. Say it's one of the top two jobs to find in this country right now is very disconnected manufacturing and how vital to this economy."

" We'll -- the second part first person most absolutely -- this economy I think we need to continue to strengthen manufacturing base in this country. -- 50% of our businesses outside the United States slicing this and a lot of the other countries of the world are doing this really focusing in effect from tonight. So we clearly have to continue to -- emphasizing that. For the first part there's no question my perception issue that I think we is an industry. Really kind of together with academia and government will have to kind of address the perception exists out there. Unfortunately you said the perception really is manufactures essentially taken into the back seat. Any industry today and I think we need to kind of bring it back to the war there's a lot of exciting technology there's a lot of exciting innovation. -- next couple they've talked about a lot of that and will be a lot of opportunities to grow."

" How can you do I say to the American people. He is an example of how vital manufacturing. Is and why. We cannot become like the UK service based economy."

" Well personally got a demonstrated and I think and there are a lot of those kind of examples you were actually here in the automotive capital if you look at cars in general."

" There's a lot of great technology -- the highlighted."

" If you look at what -- question particularly in the broader for the rest of the automotive space around the world with great technology great quality products that type of thing. I don't think we've done as good a job really kinda highlighting. If you go beyond that there's a lot of new exciting technologies out there that if we look to ways to commercialize it. Which I really think if one of the strengths of the United States really commercialize new ideas Israel would do that I think it's great that excitement and demonstrate to both the consumer. People looking -- going to the industry the government and industry in general it's a great place to --"

" that when you hear talks which saw a lot of points to Wal-Mart -- be about the type of engine on how technology plays into the succession this vehicle."

" Great point when you look at -- a hybrid classic truck with a lot of discussion today both of the -- to fuel -- environmental concerns. And the desire to have you know more fuel efficient vehicles. Most of the focus has been an automotive. We're pleased to say we've got a vehicle out on the road it's a classic truck one of those plastic review to see out there that's a hybrid -- It's got internal combustion engine results about a battery pack we look at the fuel savings is able to do its phenomenal. But that's important when you see the truck running in the city environment it's essentially running on battery power so permanent -- point of view it's been a huge success all the way around."

" One thing's going to talk about today is the role of the price big institutions. Working in conjunction. With the public. Making sure this is substantial private public partnership to get things going to revitalize and like manufacturing. Entities that in politics politics."

" Actually asking people around the top vote later today in the town hall on participating on manufacturing. As I've mentioned earlier 50% of our businesses outside of North America and as I look at that really what I have seen in other parts of the world. Whether it's China where there's any whether South America -- from Europe. It's really kind of want -- combination. Ordination between the public and private sector as far as making sure that you've -- the policies in place to really make it. Successful for industry to not only survived the prime minister in the areas of taxes and trade and healthcare and education."

" A lot of that. Coordination I think really suggesting other parts of the world we -- taken on this like he would tell the president that the whole concept of repatriation of funds right now being taxed on those not a good idea."

" Well I should look at that while it's one of those things I think he's he's looking at being competitive I think it's just one of many things that you need to. To look at I wouldn't necessarily specifically talked about wanting specific. But if you look at it when you look at the -- totality. I think one of the things we have an obligation to both the private sector and the public sector. -- to make the united states of good place not only from US based companies but the point companies to manufacture isn't really creating a competitive environment. To make sure people do indeed want to invest here have manufactured -- let's -- we get back to upgrade electrical plant are having me on the show like someone thanks for much of."