To paraphrase an old adage, it appears that sometimes, whatever goes down must eventually come up.
Recently released results from PRTM’s annual auto supply study show that –after experiencing the largest downturn in history –worldwide automobile sales will likely hit a new record in 2011, driven by China’s relentless growth and the US recovery.
Sure, most auto suppliers endured a bumpy road during the past two years. But the study suggests that European and North American auto suppliers are rebounding with what PRTM calls a “stunning, high-speed recovery.” European and North American auto suppliers increased EBITDA from 2009 to 2010 by 76 percent and 68 percent, respectively, while at the same time, North American suppliers emerged as the most likely global consolidators in 2011.
According to the PRTM study: (more…)