European suppliers feel financial pressures
A number of key automotive suppliers are showing signs of financial strain. Reduced volumes, keener prices, growing R&D burdens and raw material price increases are some of the factors creating these pressures, pushing profit margins down and squeezing free cash flow. This has triggered significant internal reorganisation at a number of suppliers as well as some more dramatic restructuring at others. In this article, Colin Whitbread reviews financial developments in the European supplier sector, company-by-company.
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