Impact of Counterfeit Parts Growing in China

BEIJING – An increasing number of automotive suppliers are being affected by the production of counterfeit parts in China, finds a new study by the Automotive Working Group of the Quality Brands Protection Committee (QBPC), a coalition of multinational companies battling intellectual-property infringement in the country.

In a survey, 88% of QBPC members estimate losses due to counterfeiting or piracy of parts to amount to 15% of their overall sales. The most commonly ...