By Rhoda Miel, Plastics News StaffDearborn, Michigan - It was probably unintentional, but the fact that International Automotive Components Group North America Inc. held its coming-out party to the automotive press the same day North American automakers posted data showing a continued drop in their sales certainly underscored the business climate facing IAC.The global company was created by financier Wilbur Ross to take advantage of the range of auto interiors suppliers that are up for sale, and at lower prices that reflect difficult conditions, with some parts purchased out of bankruptcy.In North America, IAC's biggest component comes from Lear Corp.'s former interiors group, a unit that had been losing money for the Southfield, Michigan, automotive seating maker.With the traditional Big Three automakers - General Motors Corp., Chrysler Corp. and Ford Motor Co. - for the first time seeing their combined sales percentage drop to less than half of the cars sold in the US in July, it was clear that business is not going to improve just because heavy hitters like Ross are sinking money into the auto supply industry."It's obvious that everyone has taken a lot of punches," said Jim Kamsickas (pictured), president and chief executive officer of Dearborn-based IAC North America, during the 1 Aug briefing. "A lot of companies have fallen by the wayside. Collins & Aikman is the poster child for that."Sales drops such as the one that occurred in July, when Ford, GM and Chrysler combined had 49.4 percent of US sales, mean a big hit for companies like IAC North America, since the Big Three make up 88 percent of the supplier's sales.Still, Kamsickas said IAC is in position to be one of the companies standing once the current shakeout is over. It has the mix of products, a strong management team and the global footprint needed to survive, and has been aggressive in cutting costs to improve its bottom line, he said."We have a road map that leads us to profitability," Kamsickas added.IAC is still a company in transition, although its various plants have continued to ship parts without glitches. In North America, the firm is in the final stages of buying two parts of Collins & Aikman, the bankrupt, Southfield-based auto supplier that is in the process of selling and closing operations.By the end of this quarter, IAC expects to complete its purchase of C&A's carpet and acoustics business - with its 16 plants in North America - and C&A's plant in Hermosillo, Mexico, that supplies injection-moulded interior parts for Ford Motor Co.IAC also is on the lookout for other potential acquisitions."If you're not looking for opportunities, you're going to miss them," Kamsickas said.Globally, IAC takes in moulding operations in Europe, Japan and South America in addition to North America. Lear has retained a minority interest in IAC by contributing its North American and European interiors units to the company.The firm has a leg up when it comes to integrating all of its new parts, he said. Ross's business history is built around buying and creating companies. And IAC North America has the backbone of Lear's processing, product development and part delivery history to guide production."