Hints and tips:
...The challenges are encapsulated in two companies with ties to the former Delphi Automotive, which was once one of the largest suppliers in the US....
...It follows ZF’s purchase of US automotive supplier TRW Automotive in September for $11.7bn....
...The UK car industry’s travelling salesman has drummed up more than £450m worth of foreign investment over the past year, as part of the government’s efforts to arrest the decline in the country’s automotive...
...The group has a history of adding niche acquisitions: last year it bought Getrag in the US (automotive) and Germany’s Stromag (components). The Volvo Aero deal is more significant....
...“The $2,500 gap relative to the $13,400 norm will be a test for the industry”, says Hans-Werner Kaas, who leads McKinsey's automotive practice in the Americas....
...Magna International reported a sharp turnround in second-quarter earnings on Friday, joining a growing list of automotive suppliers that have bounced back with unexpected vigour from the 2008-09 slump....
...Several global automotive parts makers reported hefty third-quarter losses on Thursday, accompanied by belt-tightening measures in response to sagging orders from their carmaker customers....
...Rod Lache, automotive analyst at Deutsche Bank, says that GM’s predicament “has the potential to set in motion a sequence of events that would be bankruptcy-like”....
...Only three out of 50 companies rated – Borg Warner, Johnson Controls and Magna International – still carry investment-grade ratings....
...“We expect a big increase in diesel and hybrid sales, but ultimately we expect diesel to outstrip hybrids,” said Max Warburton, automotive sector analyst with UBS....
...GM and Ford's troubles are rippling through the entire automotive sector....
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