In this round of the global financial crisis that has not yet hit bottom, the developed countries in the United States, Europe, Japan and South Korea have adopted various new policies aimed at stimulating automobile consumption, and they look forward to revitalizing and supporting the entire supporting industry with the recovery of the entire vehicle market. Employment. However, these costly "long-lasting drugs" have not effectively stopped the pace of layoffs or closures of their auto parts factories. For this reason, the international parts and components companies were forced to use first-aid measures such as “giving up troubleâ€.
The government came directly to assist parts and components
As we all know, parts companies and vehicle manufacturers are both closely related to each other, and they are also symbiotic. If the parts and components companies are unsustainable due to their own survival, they will inevitably cause the automaker to “cut off†and cause disastrous consequences for the entire automotive industry. It may be based on this that the U.S. government, the former "world's largest automobile nation," took the lead "to sit still".
On March 19, the U.S. Department of the Treasury announced that the U.S. federal government had approved 50 billion U.S. dollars in loan funds to help troubled auto parts suppliers. It is reported that this assistance plan is only for parts and components companies headquartered in the United States, and the funds are mainly used to pay the vehicle manufacturers to default on the suppliers' payment, so as to ensure that the limited funds are used in the "blade", and the maximum stability is already very high. The fragile American auto industry.
Tier 2 suppliers get compassionate
Like the "domino effect", after the first-tier auto parts supplier was saved, it would be impossible to turn a blind eye to the precarious status of the secondary suppliers. As the source or cornerstone of the automobile industry chain, the secondary suppliers are usually supplied to multiple Tier 1 suppliers. If the Tier 2 suppliers fail, they will have a faster chain reaction, which will affect the parts of many vehicle manufacturers. supply. Due to the large number of secondary suppliers involved in the company, when the current government departments do not have sufficient financial resources to implement the "sunshine" policy, vehicle manufacturers or first-tier suppliers have only to "take the initiative" to take over the "big baggage". .
General Motors Corp. decided to pay 150 second-tier suppliers directly from March onwards, so as to prevent secondary suppliers from halting supply or bankruptcy due to default on payment by Tier 1 suppliers. The sympathy for the second-tier suppliers has also been responded to by Tier 1 suppliers. For example, Germany’s ZF Group also disclosed that it has closely monitored 80 major suppliers (Grade 2) by offering short-term loans to suppliers who have suffered credit crunch, or paying higher prices for their products. To avoid breaks in its supply chain.
Parts conversion to low-cost countries
To build factories in low-cost countries, it was originally a conventional strategy for multinational auto parts suppliers to promote internationalization. However, in the current complex and challenging global economic situation, this kind of expansion strategy that requires a lot of capital investment has not been “shelvedâ€, but has instead become a “first-aid†for component companies to rapidly reduce costs, showing no signs of being cold and hot. situation.
A few days ago, Germany's Leoni stated that in order to reduce labor costs, it is shifting its original production base in Eastern Europe to Africa. Japan's Musashino Precision Auto Parts Company also plans to transfer its Japanese factory's production equipment to China this year to increase the production capacity of its Chinese factories, which are expected to increase by 60% year-on-year. On April 2nd, during the opening of its new research and development center in Jiading, Continental Group stated that it will open a new factory in Shanghai, mainly producing electronic brake system products...
Although developed countries in the auto industry have adopted active "therapies" that combine "long-acting drugs" and "short-acting drugs" for the parts and components industry, there are still many institutions that are not optimistic about their prospects. Recently, Roland Berger International Management Consulting issued a report that this year's global supplier's profit margin will reach the lowest point in history, EBIT margin will be reduced to approximately 0%. The latest research report of Kearney Management Consulting Company also shows that more than half of auto parts suppliers in the United States may face bankruptcy crisis this year. In the same period, many domestic and foreign experts believe that the current situation is even more promising for local auto parts companies that are still in good shape. China's spare parts enterprises can undertake more parts manufacturing operations that are "escaped" by developed countries, or take the initiative to "purchase bottom" to acquire overseas high-quality spare parts resources, further increase the scale of parts and components industry, technological capabilities and brand strength, or will achieve From "a big auto parts country" to a "car parts powerhouse" gorgeous turn.
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