Rothschild sees consolidation in auto parts makers


MUMBAI, Aug 27 (Reuters) - Consolidation in the global automotive parts industry has been slowed but not stalled by the credit crunch as suppliers are still looking for scale, new capabilities and clients, according to Rothschild [ROT.UL]. Automotive suppliers are facing one of the most competitive environments ever, with increasing raw material prices, higher fuel prices and greater pressure from vehicle makers, the investment bank and advisory firm said in Mumbai on Wednesday. While ...

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