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Automotive OEMs hit hard by slump in sales

2021-10-13T18:03:07.147Z

The tension in the logistics chain, managed day by day by the large manufacturers, poisons the relations between customers and suppliers.



If manufacturers' margins have climbed in recent months thanks to the rise in the prices of new vehicles during transactions - supply being lower than demand - suppliers and automotive equipment manufacturers are suffering.

Several of them have revised their targets downwards in recent days, after news of an even sharper-than-expected drop in global vehicle production. The semiconductor crisis is indeed more severe than forecasters had imagined. At the end of September, the French Faurecia, which had declared in July to count on 16.5 billion euros in turnover and an operating margin of around 7% in 2021, recalibrated its forecast to 15.5 billion in sales and a margin of between 6% and 6.2%. Same backpedaling at Plastic Omnium. This

"very significant"

drop in production

leads to

"production surges and very reduced visibility

,

"

lamented the French group, which will

"strengthen"

its programs.

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Source: lefigaro

All business articles on 2021-10-13

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