Makers

Italy’s Car Part Makers See Their Small Size as a Risk in Stellantis Merger -Survey | Investing News

MILAN (Reuters) – Italian car part suppliers see their small average size struggling to adapt to industry changes following the merger of local carmaker Fiat Chrysler with France’s PSA which created Stellantis earlier this year, a lobby survey showed on Thursday.

Global carmakers are investing billions to accelerate a transition to low-emission mobility, pushing parts makers to adapt their production, with electric engines requiring less and often different components from traditional combustion ones.

Most of the Italian parts suppliers surveyed by Italian automotive industry lobby ANFIA did not give a final judgment about consequences of the creation of Stellantis, the world’s fourth largest carmaker.

But it showed a majority of those who responded think their size could put them under pressure from the bigger carmaker to adapt to its demands.

“There is a problem with size and this is an issue, especially in terms of investments, when businesses need to

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The global chip shortage is leaving car makers stuck in the slow lane

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This May, car manufacturers produced less than 55,000 vehicles, only half as much as two years ago.


Monty Rakusen / Getty Images

The production of cars in the UK has more than halved compared to the same period before the COVID-19 pandemic, due at least in part to an on-going shortage of chips that are needed to power everything from engine management systems to in-car entertainment. 

According to the Society of Motor Manufacturers and Traders (SMMT), this May car manufacturers produced almost 55,000 vehicles in the UK – a number that, at first glance, seems healthy in comparison to the meagre 5,314 cars that were produced in the same month of the previous year.  

But 2020’s statistics have to be put in context: with the COVID-19 pandemic rapidly gathering pace, factory lines came to a halt as most manufacturers decided to close their facilities altogether, in line with government guidance.

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Car makers demand smooth trade links ‘closer to home’ after Australia agreement

Car makers have called for smooth links “closer to home” following the UK’s free trade deal with Australia.



a person standing next to a car engine: Car makers have called for smooth links ‘closer to home’ following the UK’s free trade deal with Australia (Martin Rickett/PA)


© Martin Rickett
Car makers have called for smooth links ‘closer to home’ following the UK’s free trade deal with Australia (Martin Rickett/PA)

Figures released by the Society of Motor Manufacturers and Traders (SMMT) show the UK sold 20,000 cars to Australia in 2019, compared with 578,000 to the EU.

A Downing Street statement claimed the agreement with Australia means car makers in the Midlands and northern England will see “tariffs of up to 5% cut, boosting demand for their exports”.

SMMT chief executive Mike Hawes said: “Australia is an important growth market and the industry welcomes the agreement in principle of a trade deal between the two countries.

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“If tariffs can be

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