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Although the recent automotive crisis has abated, automotive suppliers continue to face a challenging business environment that will exert continuing pressure on their financial health. Suppliers’ revenues are under siege on all sides—although orders from automakers are picking up, price pressure remains strong, and banks and investment firms remain leery of the automotive sector. Supplier firms are required to provide more value to the automotive value chain while running leaner, more efficient operations than ever before.
In order for suppliers to respond to these demands, access to capital, as well as optimized money management is a must. The recent economic contraction has made money challenging to obtain and manage--whether for acquisitions, restructuring, or growth. This session will include automotive industry analysts from investment institutions, purchasing executives from international automakers, and supplier executives who have guided their firms through these challenges. Together, these speakers will paint a complete picture of the business environment currently faced by automotive suppliers and the paths that can lead them to prosperity.
Chair:
Bernard Swiecki, Director, Market Analysis, Automotive Analysis Group, Center for Automotive Research
Speakers:
Steven Patton, Principal, Performance Improvement, Advisory Services, Ernst & Young LLP Presentation
Thomas Loafman, Director, Purchasing, Volkswagen Group of America
Lee Manduzzi, Executive Vice President, Automotive Sales, Robert Bosch LLC Presentation
Sigmund Huber, Senior Director, Chrysler Group, LLC Presentation
Birgit Behrendt, Executive Director, Global Programs and the Americas Purchasing, Ford Motor Company
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