Auto Suppliers, Even High-Tech Ones, Scramble To Offset A Nearly Global Downturn In Auto Production [Forbes]
DELPHI TECHNOLOGIES PLC (DLPH)
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Source: Forbes
Auto Suppliers, Even High-Tech Ones, Scramble To Offset A Nearly Global Downturn In Auto Production Things are tough all over in the world’s major auto markets. Auto production is heading for a decline this year in China, Europe and North America all at the same time. That’s relatively rare. Global automotive companies usually count on faster-selling regions to offset the slower-selling ones. After all, that's a major motivation for becoming a global manufacturer in the first place. But that's not helping as much as usual this year. “It’s a tough year, from a vehicle production standpoint,” said Joe Massaro Aptiv Jefferies 2019 Industrials Conference Aptiv supplies automakers with electrical, electronic and active safety technology. That includes one of the hottest segments in the auto industry, developing components and systems used in advanced driver assistance systems today, and for autonomous vehicles From that standpoint, Aptiv is ahead of the curve. It’s winning new business and
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