A market getting into gear

Article Abstract:

It is widely anticipated that significant consolidation will take place in the automotive industry in the West Midlands region of the UK, where this industry is the leading manufacturing sector. Already, merger and acquisition activity among car manufacturers and their direct suppliers has led to suppliers in the West Midlands losing many of their most important purchasers. Component suppliers have been forced to cut costs, but are also seeking to respond proactively by developing new business opportunities and by seeking new clients abroad.

Motor vehicles and car bodies, Motor Vehicles, Automobile and Light Duty Motor Vehicle Manufacturing, Automobile industry

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The blizzard kings

Article Abstract:

Italian snow chain manufacturer Konig was purchased for 28 million pounds sterling in 1997, through a leveraged buyout by a management team and Deutsche Morgan Grenfell Capital Italy (DMGCI). Konig is the European leader of automobile snow chains in a global market valued at 300 million pounds sterling in 1998. DMGCI chairman Delio Fabbri has been appointed chairman of Konig, with strategies being developed to expand into truck snow chains and cultivating the expanding European market.

Italy, Company Profile, Konig.

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An engine for growth

Article Abstract:

Manufacturers of automotive components are being forced to respond to significant changes in the business environment, especially the need to achieve critical mass. This is reflected in the purchase by LucasVarity of US automotive and aerospace group TRW for 4 billion pounds sterling. It is clear that no automotive component supplier can afford to ignore the need to change as technological developments begin to put pressure on established market segments.

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