Reuters Auto Summit Predicts More Consolidation for Auto Suppliers
Reports from the Reuters Auto Summit, which is taking place this week at Reuters’ offices in Paris and Detroit, tell the story of just how hard the recession hit automotive suppliers.
Industry execs at the Summit said suppliers are the now the most at risk in the entire sector. Automotive suppliers should anticipate a wave of consolidation as businesses try to regain footing by restructuring, boosting economies of scale, and accessing new technologies. (more…)
