An insolvency at General Motors Europe unit Adam Opel would not lead to a dramatic surge of bankruptcies among car part producers, Oliver Weirauch of the Droege consultancy told a finance daily.
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Although it was assumed that Opel’s demise could be fatal for numerous auto suppliers, it would actually drag into insolvency only 10 to 20 of them, Weirauch told Financial Times Deutschland. Opel’s bankruptcy would predominantly affect small suppliers, Norbert Wittemann at the PRTM consultancy added.
The paper said Opel has around 700 suppliers but the existence of only a few of them is directly dependent on Opel. What is more, if Opel went bankrupt, other car manufacturers would probably support the suppliers, Witteman said. It was in the automakers’ interests to prevent the insolvency of their important suppliers, he added.
In addition, many car component producers have already focused on their other clients, being aware of Opel’s problems, an industry insider told the paper.
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