(PRTM: Detroit and Shanghai) -- PRTM, a global management consulting firm, is releasing the findings from its global study of more than 350 automotive suppliers to determine the winners and losers in the consolidation of the automotive supply industry.
Chinese and the largest global European suppliers scored highest on PRTM’s global buyer scale, indicating these suppliers will likely buy other suppliers that are distressed, as a result of the global automotive industry downturn. For instance, Guangzhou Automotive Components, a division of the highly profitable 51-percent-state-owned automobile manufacturer, Guangzhou Automobile Industry Group Co. in Guangzhou, China, and Weichai Power Co., a state-owned diesel-engine manufacturer in Weifang, China, appear on PRTM’s global top-10 buyer list. Guangzhou already has an active mergers-and-acquisitions (M&A) history in buying automotive assemblers and suppliers. The South Chinese company is also a joint-venture partner of Toyota Motor Corp. and Honda Motor Co. in China.
Weichai Power and Toyota Keiretsu suppliers, such as Denso Corp., Toyota Boshoku Corp., and Aisin Seiki Co. are also on the top-10 buyer list, along with large, global European suppliers like ZF Friedrichshafen AG, SKF Group, and BASF AG.
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