Many of the Italian suppliers surveyed by the Italian automotive business foyer, ANFIA, didn’t give a closing judgment on the results of building Stellantis, the world’s fourth largest car producer.
Italian auto parts suppliers are seeing their small common dimension struggling to adapt to modifications within the business following the merger of native automaker Fiat Chrysler with French PSA that fashioned Stellantis earlier this yr, in keeping with a foyer ballot Thursday confirmed.
World automakers are investing billions to speed up the transition to low-emission mobility, forcing parts makers to adapt their manufacturing as electrical motors require fewer and sometimes completely different elements than conventional inner combustion engines.
Many of the Italian suppliers surveyed by the Italian automotive business foyer, ANFIA, didn’t give a closing judgment on the results of building Stellantis, the world’s fourth largest car producer. Nonetheless, it discovered that almost all of respondents felt that their dimension may put strain on them from the bigger automaker to adapt to its wants.
“There’s a downside with dimension, and it is a downside, particularly when it comes to funding when corporations have to realign their manufacturing,” mentioned Marco Stella, Head of Parts Sector at ANFIA like Germany.
“Small dimension impacts their capacity to answer challenges arising from business modifications.” Nonetheless, a lot of these surveyed nonetheless noticed the merger as a possibility, notably for broader entry to markets that the group can assure, the report mentioned .
Francesco Zirpoli of Ca ‘Foscari College in Venice, who contributed to the report, mentioned the destiny of Italian auto parts suppliers is carefully tied to how Stellantis handles the overlap between its former Fiat Chrysler and PSA European provide chains.
“Italian auto parts producers are struggling to improve their choices by investing in analysis and growth,” he mentioned. The report confirmed that the Italian auto parts business comprised round 2,200 corporations, with complete gross sales of almost 45 billion euros ($ 52 billion) up to now yr. Round 42% of this got here from gross sales to Stellantis.
STELLANTIS-Stellantis, TheF Charging be part of forces for an EV charging community in Europe
Stellantis, fashioned from the merger of Fiat Chrysler and Peugeot maker PSA earlier this yr, introduced in Might that it was utterly restructuring its European seller community to adapt to modifications within the business, together with a growth, attributable to electrification On-line gross sales and obtain promised post-merger synergies.