Europe’s supply base is still failing to deal with overcapacity issues
Car production in Europe has undergone a series of shocks in recent years, and both OEMs and suppliers need to deal with a number of key issues to be competitive and make their finances more sustainable in the long run
The European automotive supply base is a key industrial sector in Europe with five million people employed at component manufacturers in 2012 and a major contributor to European innovation with, according to European supplier association CLEPA, over EUR15 billion spent annually by suppliers around the continent.
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