European automotive suppliers are making their supply chains more sustainable, but they face the challenge of financing these efforts from existing operations and industry sentiment is not very optimistic. Policymakers should take the necessary steps to provide support, but industry will also need to work harder to stay ahead. CLEPA’s research on sustainability reports reveals that suppliers … [Read more...]
Green motoring costs 10-times estimates
The real cost of a green transport policy is up to ten times initial estimates according to the latest analysis. The Euro 7 proposal on pollutant emissions would lead to direct cost increases that are 4 to 10 times higher than those cited by the European Commission, according to a new study. The proposed Euro 7 regulation will increase the manufacturing costs of cars, vans, trucks, and buses. … [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...]
Suppliers optimism and caution for 2021
Parts suppliers have started 2021 with mixed feelings of optimism and caution. Optimism, because demand for vehicles and components is picking up more rapidly than expected and the appetite for new, innovative technologies is accelerating. Caution, because the scars from 2020 are deep and the level of uncertainty remains high. Thorsten Muschal (above), member of the management of … [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...]