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.

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