Think making cars is hard? Try being a supplier

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The story "Think making cars is hard? Try being a supplier" was covered 15 hours ago by Economic Times, a news publisher based in India.

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Think making cars is hard? Try being a supplier - Economic Times

Quick Summary:

Major component manufacturers such as privately owned Robert Bosch GmbH, ZF Friedrichshafen AG and stock-market listed Continental AG have been hurting for years amid a cornucopia of inflationary and competitive pressures, plus the slow recovery of car production following the pandemic.

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In February, French car supplier Forvia SE announced 10,000 job cuts over the next five years, or around 13% of its European workforce, which it blamed in part on the expected “arrival of newcomers from Asia.” Shares of Mobileye Global Inc., a vendor of automated driving systems, have collapsed by 60% in the past year following a succession of profit warnings and signs of increasing competition in China.