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Mega merger increases the pressure on suppliers

The car industry is in a double crisis: The trade conflict between China and the United States and the global economic slowdown make the paragraphs break. At the same time, the industry needs to invent a virtually new, and new cars are developing, not include CO2.

Against this Background, now want to merge the two auto giant PSA and Fiat Chrysler (FCA). Include PSA brands, Peugeot, Citroën, DS, and Opel. The brand portfolio of Fiat Chrysler includes, in addition to the eponymous brands, Jeep, Dodge, Maserati, Alfa Romeo and Lancia. Together, the merger partners and a turnover of 180 billion euros, a car sales of 8.7 million vehicles, and 410'000 Employees.

Fusion seems sensible

industry experts consider the merger to be useful. Fiat Chrysler is in current cars are completely blank, due to the tightened emission standards of the millions of buses that threaten the organization. Here, PSA can help. The French, in turn, through the Alliance with Fiat Chrysler access to the lucrative U.S. market and reduce its dependence on Europe.

For the Swiss automotive supplier is likely to be the merger is not good news. Using the concentration of the designated chief of the new car giant, Carlos Taverez want to save 3.7 billion euros per year. A part of it, he is likely to get from the suppliers. "The price pressure is not likely to tend to rise, and will remove it with security," says Yves Becker, an Analyst at the Zürcher Kantonalbank.

fine tool to exercise in optimism: "Since we are represented with some products stronger in the case of PSA, and other more with the FCA, we consider the merger as an opportunity for fine tool," said a spokeswoman. The company supplies Transmissions, parts for the production of engines, and chassis. Other companies like Georg Fischer are still holding back. Ems-Chemie said: "Ems is developed for all of the major automotive manufacturers of specialty plastic solutions and helps you save weight and save costs. If the two providers, separately or jointly occur is not so relevant. New structures in the to bring customers for Ems, but also opportunities, because then much questioned, and new solutions will be sought."

not to be expected consequences of impact for the Swiss suppliers, but to my according to industry experts. Also, positive consequences are possible: The new car giant is expected to standardize its model range, so that different cars are based on the same kits. The popular SUV, the Peugeot 3008 and the Opel Grand country X, for example, the same platform share already. The one who comes as a supplier here on the train, the larger wave numbers.

At this point, Autoneum refers to, for example. The company produces insulation boards for heat and noise insulation. "We expect that the merger will, in the future, common, global model platforms are being developed, one of which Autoneum sites can benefit thanks to its worldwide presence with 55 production well," explains a company spokesman. And price pressure there is for the subcontracting industry, "since ever".

Gloomy prospects

The bigger Worry is what makes the auto suppliers, therefore, less the elephant wedding as the prospects for Sales. According to the Center for Automotive Research, the auto sales will decline this year to about 4 million to 79.5 million. Fewer cars means that the manufacturer will need less parts. So the sales declined, for example, in the case of Ems-Chemie, whose sales depends to some 60 percent of the auto industry, in the first nine months by 3.5 percent. However, the group reiterated its forecast of an operating profit in the amount of the previous year to generate.

Also, the switch to electric mobility will leave traces. E-the engine needs less parts than a gas. In addition, cars are increasingly becoming moving computers. The share of Software in value added is therefore greater, the proportion of Hardware decreases.

Created: 31.10.2019, at 22:55

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