Bussiness

Read the Following article and answer 3 questions.

https://www.wsj.com/articles/it-was-a-pretty-good-year-in-the-car-businessexcept-for-suppliers-11638700201

Question 1: In general, why has 2021been a good year for the automotive industry? Despite all the supply shortages,why are automakers able to make money?

Question 2: Why are parts supplierssuffering in a year of solid profits for carmakers and dealers? Why does arising tide not lift all boats?

Question 3: What can parts suppliersdo to improve their position? What kinds of new contracts should theynegotiate?