According to an overseas media report on October 26, Austerman, a global management consulting firm PRTM director, said that auto parts manufacturers in North America are facing a sluggish industry and credit crunch for 12 to 18 months. Chinese parts manufacturers may Become their buyer.
Osterman said that Chinese companies such as Guangzhou Automobile Group Components Co., Ltd. and FAWER Auto Parts Co., Ltd., a subsidiary of China FAW Group Co., Ltd., will find opportunities to purchase North American and European parts manufacturers.
The Chinese government is encouraging large parts and components manufacturing companies to acquire small domestic companies while expanding overseas.
Guangzhou will play an important role in industry consolidation. The timing of the merger of some regional companies in North America has matured.
So far this year, BWI China has agreed to purchase the suspension and brake business of Delphi. The purchase amount is about 100 million US dollars.
PRTM recently surveyed 357 parts manufacturing companies around the world and asked them to predict which companies will become buyers and which companies will be acquired. Among the top ten buyers, Chinese companies accounted for two, European companies accounted for four, Japanese companies accounted for two, and one Indian company and one US company.
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