PARIS – Senior executives in the global automotive supply industry foresee bankruptcies, industry consolidation and an emphasis on conserving cash in 2009, a recent study finds. The survey of 150 executives conducted last month by two European-based consultancies, Roland Berger and SupplierBusiness.com, shows 90% of respondents expect “significant” consolidation in the industry over the next five years. Some 93% of those polled believe bankruptcies will increase this year, while 61% ...
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