Hard road ahead for auto suppliers

The shaky future of the auto industry’s supply chain means more insolvencies could be on the cards.

Insolvency practitioners are expecting a string of auto component makers to come under mounting financial pressure and even go under if the Abbott Government skimps on cash support for Ford and Holden.

KordaMentha partner Craig Shepard said suppliers have tried to diversify to respond to pressure but operate on skinny margins, which stymies them from raising fresh capital.


SMS Code Sent…

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to activate your membership

If you didn't receive SMS code please

Log in to access this content

Looks you are already a member. Please enter your password to proceed

Hi {{ user.FirstName }}

Verify your mobile number to unlock a FREE trial

Looks like you've already taken a free trial

Please sign up for full access

Updating information

Please wait ...

Related Articles