Save From Bankruptcy

No we are not just talking about a company but the entire industry of auto suppliers. As the demands of car fall off the cliff, the downstream (or in this case upstream) industries are also deeply impacted. And one of the industry got hit the most? The auto suppliers.

Following the faith of the auto maker, the auto suppliers stocks have also been on the slide for the past 52 weeks and were trading around a dollar or in many case even below a dollar. Fortunately with Obama's announcement of a $5 billion dollar support to the industry today, the auto suppliers seem to be getting a relief from the financial storms. As a result the stocks all went sky rocketed.

So let's see the performance of some of the auto suppliers:

• Lear Corporation (LEA): $1.33 +84.72%
• Tenneco (TEN): $2.70 +30.43%
• TRW Automotive Holding (TRW): $4.38 +36.02%
• Nobel International (NOBL): $0.42 +94.44%
• Visteon Corporation (VSTN): $0.29 +81.25%
• Delphi Corporation (DPHIQ): $0.07 +66.67%