According to the United States, Massachusetts, consulting firm PRTM’s latest report, this year’s European auto parts suppliers will be as many as 85 deals since 2009, up more than 13%. The first 8 months this year, the European auto parts from transactions completed 50.
However, this year’s European transaction volume automotive components to be less than last year’s 9.2 billion. Schaeffler Group last year bought Continental shares worth 6.5 billion U.S. dollars.Faurecia is that the mainland and any agents of transactions in Europe. Schaeffler CEOJuergenGeissinger said: “The economic crisis, market to revive. Where the investment in Multi Socket Outlet GL-25F to become less cautious.”PRTM expected global auto parts business could reach 300 transactions, compared to 241 last year from. According to PRTM’s analysis, the potential buyers, including Eaton, Johnson Controls, Texas Pacific Group and Seboluosi Capital Management; sellers may include Hitachi Ltd., Visteon, TRW and Delphi.
The development of the global auto industry, led the global auto parts industry to grow. For the auto parts business development has provided a huge market space. But since 2008, most of the financial crisis should be a car parts manufacturing, neither the U.S., Europe or Japan, the main area parts suppliers Yin sales were down there have been serious problems Zi Jin Liu, Quan Qiu many parts the company filed for bankruptcy protection or be acquired.Particularly since 2009 by General Motors faces bankruptcy news, the U.S. bankruptcy protection components more visible. U.S.
Original Equipment Suppliers Association statistics, the financial crisis of 2008, the United States a total of eight parts company filed for bankruptcy, the final bankruptcy of the company of about 20. 2000 to 2008, nine years, the United States a total of 58 auto parts companies filed for bankruptcy protection. But in 2009, that number reached 60, more than the sum of the past nine years. The number of companies on the bankruptcy case, in 2009 10 times in 2008.The reasons for this are: the U.S. government’s efforts to support vehicle business enterprise than the intensity of the direct support component. Parts enterprises often face on the downstream business is very strong in the negotiations under the circumstances, lead to further strain their capital chain – OEMs travel requirements are as follows 6 months of the off period, and the upstream suppliers of raw materials required to send paragraph goods; GM, Chrysler vehicle plant two bankruptcy protection, may have more money to recover the bad debt cycle occurs or longer, also affected the cash flow. North American auto parts suppliers in the overall auto market does not turn a good situation, more difficult to survive, after the reorganization of cases will likely increase.
In China, 2009, has also appeared in the domestic components industry consolidation wave of mergers and acquisitions. Weifang Diesel engine manufacturers of France acquired Bowen, Universal Group acquired control of the U.S. Global Systems Inc., also government-led acquisitions, such as the acquisition of Delphi Jingxi Heavy braking and suspension business, Weifang Diesel, Shandong Engineering Machinery, and Hill Steam was merged into Shandong Heavy Industries. This regard is the Government’s support for city guide, on the other hand is also a market-driven changes in competitive behavior.
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