Automotive OEMs Must Further Tighten Supply Chains
Auto manufacturers face stark choices over the next five to seven years, a period that is likely to see increasing bankruptcies and consolidations, according to KPMG's annual global automotive survey. Some 87 percent of executives said they think the bankruptcy rate will remain the same or slightly increase over the next few years. Slightly more than half -- 56 percent -- said that rate would increase as bankruptcy becomes a more strategic option for firms. Only 10 percent expect a decrease in bankruptcy activity.
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