Tag Archives: automotive suppliers

Automotive Suppliers Face Declining Profitability Amidst Stagnation and Rising Competition

(IN BRIEF) The global automotive supplier industry faces tough conditions, with stagnant production volumes, geopolitical uncertainty, and increasing competition putting pressure on profitability. The 2024 forecasted EBIT margin of 4.7% marks a further decline from 2023 levels, with Chinese suppliers … Read the full press release

Europe’s largest battery and H/EV event moves to manufacturing hub for e-mobility

3rd annual event to take place in Stuttgart, Germany, home to Mercedes-Benz and Porsche 200+ exhibitors already signed up for the event in the region known as ‘birthplace of the car’ More than 8,000 international attendees anticipated in 2019 (7 … Read the full press release