Suppliers Legacy

Report: Daunting road for ICE parts suppliers

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For suppliers involved with engines, transmissions and other related technologies, the outlook is daunting, the report says.
April 11, 2022 04:00 AM

DETROIT — Suppliers to internal-combustion engine vehicles will need to realign their businesses, simplify their supply bases and increase their merger and acquisition activity if they hope to thrive in the world of electric cars and trucks, according to a recent industry report by the consulting firm McKinsey.

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