Europe and the United States bankrupt parts supplier

 

Features and analysis, in recent years, there have been European and American auto parts supplier filed for bankruptcy protection by the Government to take over or bankruptcy of the information thoroughly, and to enter since 2009, such enterprises increased . For example: in May alone, the United States have Mark IV, Wards, Hayes Lemmerz, such as supplier filed for bankruptcy protection. A simple analysis of our European and American parts suppliers of the characteristics and causes of bankruptcy.


    1, the recent European and American auto parts supplier insolvency (including applications for permission to enter bankruptcy protection) density, especially in the United States most. Filed for bankruptcy protection are the assets of its own, and in the overseas business is still operating normally. Their own business filed for bankruptcy protection more a manifestation of the financial crisis in the country (such as the United States) automotive industry, in the lower reaches of a serious slump in car sales when the credit crunch, more stringent review of the loan, a more radical dun , so they had to take bankruptcy protection or to take over the way the Government with a view to come out of bankruptcy protection, to avoid liquidation. However, to enter bankruptcy protection in Chrysler, General situation of shutting down more factories, many parts of the enterprise bankruptcy protection may be more than its survival for some time.

    2, in addition to the reasons for the larger environment, the problems of these enterprises has also led them into bankruptcy, the problem can be summed up are as follows:

    1) a higher concentration of customers or a single structure; such as Delphi to GM as the main customers, when the common problems, their subsequent risk of bankruptcy increased.

    2) a higher concentration or a single market; TowerAutomotive such as the United States, although the customer is very diversified, but its production base and market focus in North America and Europe.

    3) products with low or no barriers to entry in line with the requirements of energy saving and environmental protection technology; such as Europe and the United States a lot of stamping parts, casting parts suppliers, they are not irreplaceable, some low-cost countries are more advantages than their counterparts.

    4) were victims of financial investors; some suppliers were a number of private equity funds to buy after the latter has become a puppet of the capital market to play, not the sustainability of business, increased risk when the market, it was the investment mercilessly abandoned home, businesses have no alternative but to enter bankruptcy or bankruptcy protection.

    3, some of the affected their business enterprises, many of them are clients or the market has long been aware of the risk of a single too, so some enterprises from the beginning of the 21st century or even earlier, in the emerging markets began to actively explore the customer (such as Delphi), but in these markets still remain competitive. For those businesses will go bankrupt, and its China operations to choose the manner similar to Shanghai Yaohan continue to exist: the replacement of the new shareholders, business as usual operations.