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Consolidation - USA - Auto Industry : Is There a New Model on the Horizon?
Penn,USA -Knowledge/Wharton/Pen Univ. -11 Jan 2006: -- The turmoil and uncertainty among auto manufacturers and their suppliers have left people wondering when a shakeout can be expected. Two experts who follow the auto sector say consolidation will take place among suppliers to a much greater extent than among carmakers, which may not experience mergers and acquisitions at all in the near term but will be engaged in ever-shifting strategic alliances and joint ventures... Says Christopher Benko, director of the PricewaterhouseCoopers Automotive Institute in Detroit: "Even if the overall automotive market holds up this year, this is an industry that has little room for error. Anything that accelerates change in market share between the major automakers will accelerate that restructuring. So 2006 could easily be the year when you see some of this cleansing process start to take place"...
posted by Unknown @ 2:00 PM
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