The US market’s leading position in the global automotive market has been completely overturned. In this round of crisis, American car companies were seen as the most affected and most injured – GM was forced to sell many of the acquisitions that year. The car shares or assets, including the early Fiat, Isuzu, Fuji Heavy Industries and Suzuki, the recent Saab; Ford Motors, after selling the Land Rover and Jaguar acquired in the same year, is seeking buyers for Volvo.
This shows to some extent the risks brought about by the large-scale acquisition of American car companies. In 2007, Daimler Group sold the Chrysler brand, which was acquired in the same year, and Ford's self-built subsidiary in Europe was more stable and successful than GM's harvesting of Opel as a European subsidiary.
It is not difficult to find that in the field of passenger vehicles, there are few successful cases of cross-border mergers and acquisitions, especially cross-continental mergers and acquisitions. The acquisition was a lot of confidence, but it was often sold with a huge loss. These facts have repeatedly reminded the later confidence that the car companies need to be more cautious in choosing their own expansion mode.
In this round of economic crisis, the biggest impact should be the auto parts manufacturing industry. Whether it is the United States, Europe or Japan, the parts suppliers in the mainstream regions have experienced serious financial flow problems due to the sharp decline in sales volume. Parts companies file for bankruptcy protection or are acquired.
According to the survey, more than 86.7% of the experts surveyed believe that the difficulties of North American parts suppliers will continue for one to two years. During this period, more than 30% of suppliers may go bankrupt and restructure, and the integration of parts suppliers and mergers and acquisitions will inevitably become inevitable. .
On February 22, in an interview, BorgWarner CEO Tin Manganello told reporters that since 2000, BorgWarner's North American business has shrunk, falling more than 60% in 10 years. Especially in the financial crisis last year, it is difficult to count profitable parts companies in North America.
North American auto parts companies have more difficulties in survival than auto companies. There are three main reasons: the US government's support for auto companies is greater than the strength of direct support for parts companies. Parts and components companies often face the situation that the upstream and downstream of the business are very strong in the negotiations, which leads to more tight capital chain – for example, the downstream OEMs require a six-month period, while the upstream raw material suppliers require payment. goods. GM and Chrysler's two major automakers are in bankruptcy protection. There may be more bad debts or a longer period of recovery, which also affects cash flow. From the above three aspects, North American auto parts suppliers have further increased the difficulty of survival in the overall auto market, and the restructuring case of the market may increase. It is expected that the situation will be fundamentally improved after 2011.
Tin Manganello told reporters that this professional auto parts company, which is based on the key technologies of the three major engines of engines, gearboxes and all-wheel drive systems, is a relatively rare financial company in the United States. Cash flow has increased in the month, and bonds issued by the company have also been rated as investable, but BorgWarner’s main growth comes from Asia, especially the Chinese market.
This shows to some extent the risks brought about by the large-scale acquisition of American car companies. In 2007, Daimler Group sold the Chrysler brand, which was acquired in the same year, and Ford's self-built subsidiary in Europe was more stable and successful than GM's harvesting of Opel as a European subsidiary.
It is not difficult to find that in the field of passenger vehicles, there are few successful cases of cross-border mergers and acquisitions, especially cross-continental mergers and acquisitions. The acquisition was a lot of confidence, but it was often sold with a huge loss. These facts have repeatedly reminded the later confidence that the car companies need to be more cautious in choosing their own expansion mode.
In this round of economic crisis, the biggest impact should be the auto parts manufacturing industry. Whether it is the United States, Europe or Japan, the parts suppliers in the mainstream regions have experienced serious financial flow problems due to the sharp decline in sales volume. Parts companies file for bankruptcy protection or are acquired.
According to the survey, more than 86.7% of the experts surveyed believe that the difficulties of North American parts suppliers will continue for one to two years. During this period, more than 30% of suppliers may go bankrupt and restructure, and the integration of parts suppliers and mergers and acquisitions will inevitably become inevitable. .
On February 22, in an interview, BorgWarner CEO Tin Manganello told reporters that since 2000, BorgWarner's North American business has shrunk, falling more than 60% in 10 years. Especially in the financial crisis last year, it is difficult to count profitable parts companies in North America.
North American auto parts companies have more difficulties in survival than auto companies. There are three main reasons: the US government's support for auto companies is greater than the strength of direct support for parts companies. Parts and components companies often face the situation that the upstream and downstream of the business are very strong in the negotiations, which leads to more tight capital chain – for example, the downstream OEMs require a six-month period, while the upstream raw material suppliers require payment. goods. GM and Chrysler's two major automakers are in bankruptcy protection. There may be more bad debts or a longer period of recovery, which also affects cash flow. From the above three aspects, North American auto parts suppliers have further increased the difficulty of survival in the overall auto market, and the restructuring case of the market may increase. It is expected that the situation will be fundamentally improved after 2011.
Tin Manganello told reporters that this professional auto parts company, which is based on the key technologies of the three major engines of engines, gearboxes and all-wheel drive systems, is a relatively rare financial company in the United States. Cash flow has increased in the month, and bonds issued by the company have also been rated as investable, but BorgWarner’s main growth comes from Asia, especially the Chinese market.
Complex CNC Machined Components
Stand Dragon Industrial Co., Ltd. , https://www.standdragontw.com