Over 700 Tier One Component Suppliers Will Go as Restructuring of the Motor Industry Accelerates
There will be fewer than seven global carmakers dominating the industry as soon as the wave of consolidations accelerates. Furthermore, the number of tier one component suppliers will be slashed from 800 to only 30. These are among the conclusions by a team of specialist automotive consultants whose new study on the future of the motor business has just been published by consultants PriceWaterhouseCoopers.
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