Restructuring in the automotive sector: what does the future hold?
Manufacturers are taking the opportunity to reorganise their portfolios to meet changing customer demand and operate in a leaner way. We’d hope this will stimulate more investment in green technology and innovation as they work to become more productive and sustainable. Raj Mittal Restructuring Advisory
Britain’s automotive industry generated £78.9 billion in revenue during 2019 and supported more than 864,000 jobs, making it a vital sector for the UK. Alongside manufacturers, this includes a supply chain of more than 2,500 component providers, as well as dealerships, the servicing industry and more. While there is evidence of a build-up of demand returning, this globally integrated industry was hit particularly hard by the coronavirus pandemic, with supply chains and consumer confidence experiencing severe disruption. Here, we explore the specific challenges the industry is facing, and the immediate and long-term priorities for automotive businesses.
Raj Mittal Partner Restructuring Advisory Birmingham +44(0)121 710 1685 firstname.lastname@example.org
Tony Barrell Partner Restructuring Advisory Birmingham +44(0)121 710 1691 email@example.com
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