KPMG: Situation in global automotive industry still grim, mild recovery expected in 2010
Date: 12.08.2009
Company: KPMG Česká republika, s.r.o.
The recent report of KPMG International describes a deepening crisis throughout the industry, spurred by the collapse of credit markets, a decline in sales in many regions, the threat of bankruptcies or foreclosures and general economic stress across the industry.
KPMG’s new research into automotive industry, The Rough Road Continues: Update on the current crisis in the global automotive industry, presents:
- China may be emerging as the only profitable automotive market for the year.
- US, Western Europe and Japan have posted significant declines.
- New entrants to gain a foothold in the market – Tata/Nano success story.
For more information and to download the study click here.
