Automotive suppliers’ business sentiment reached an all-time low in the CLEPA McKinsey September 2022 Pulse Check. About 70% of suppliers saw their profitability drop to levels that could already start undermining their ability to invest in R&D, the workforce and new business activities. Three consecutive years of crisis have eroded the financial health of around one in two suppliers. … [Read more...]
Optimism rises among parts’ makers
Automotive suppliers have become significantly more optimistic with their outlook on 2021, with 38% of surveyed suppliers showing positive forecasts compared to just 8% six months ago. Yet, 31% of respondents still hold a notably negative view, a much higher share than in pre-Corona times. This follows from the latest CLEPA Pulse Check survey on business sentiment in the sector, held late … [Read more...]
Sum of parts adds up to boost Britain
The Society of Motor Manufacturers and Traders will bring the UK automotive industry together at a special event in Birmingham this summer as part of efforts to boost supply chain reshoring and make British cars more British. UK vehicle manufacturing output has continued to grow over recent years, driven by record export demand, which has led to further growth and opportunities for supply … [Read more...]