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 4 days 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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"The contractual arrangements from the pre-crisis era are no longer sustainable,” Holger Engelmann, the chief executive officer of Webasto SE, complained last week after the German car roof supplier barely scraped a profit last year.“We need to readjust our business relationships.