How to tell the West’s car industry really is in trouble
Suppliers, once far more profitable than auto firms, are struggling
AUTO Suppliers have never been as flashy as carmakers. The dashboards, suspension assemblies and other components they sell are hidden beneath shiny bodywork. Even so, the likes of Bosch, Continental and Denso regularly outshone their carmaking customers financially. Now, however, the steady rise of electric vehicles (EVs), the growing importance of software and the emergence of new rivals are upending their businesses.
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This article appeared in the Business section of the print edition under the headline “Part company”
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