Europe’s recovering car market should boost the 2014 outlook for the world’s biggest auto parts suppliers, but slow economic growth has caused component makers to refrain from raising their forecasts.
Tag Archives: Suppliers
Jochen Siebert fears imminent China financial crisis
“A financial crisis could develop in about three years,” said Jochen Siebert, managing director of consultancy JSC Automotive Consulting in Shanghai. China could soon become a major trouble spot for automakers and their suppliers.
GKN Driveline gets profit boost from awd
The global boom in SUV sales is driving profits at UK-based supplier GKN Driveline, CEO Andrew Reynolds Smith said.
Japanese supplier exec indicted in U.S. in latest price-fixing case
A Japanese auto supplier executive was charged today in federal court with price fixing and bid rigging for speed-sensor wire assemblies his company sold to Toyota for vehicles made in the United States and elsewhere.
Report: Megaplatforms to be a major factor in industry’s future
The auto industry’s next-generation vehicle platforms may allow manufacturers to produce new products at unprecedented speed, but they also will bring great challenges to manufacturers and suppliers, according to an AlixPartners study.
The so-called megaplatforms will account for nearly 90 percent of the industry’s growth in the next five years, the study released on Tuesday says.
