BRIC Automotive Markets Offer ‘Exceptional’ Growth Opportunity, Says New Study by The Boston Consulting Group
Although virtually all multinational automotive OEMs and tier 1 suppliers have set up operations in the BRIC countries, they are not fully capturing those markets’ strategic potential because the operations are not deeply localized, says BCG.
Despite the Crisis, the High-Performance Tire Market Will Continue to Grow, Says Continental
Tire manufacturer says it will further invest in research and development in order to be able to provide new technology both for original equipment and replacement markets.
Neumann Out at Continental, Schaeffler Chairman Dr. Elmar Degenhart Appointed to Succeed Him
Effective immediately, the chairman of Continental’s Executive Board, Dr. Karl-Thomas Neumann, steps down from Continental’s Executive Board by mutual agreement.
Automotive Industry Is Not Yet Fully Capturing the Benefits of Operations in India and China, BCG Study Finds
The world’s leading automotive OEMs and suppliers have been racing to move products, assets and people to China and India — not only to sell cars in these fast-growing economies but also to conduct R&D, sourcing, manufacturing and sales. Despite significant progress, many are finding it difficult to capture the full strategic potential these countries offer, according to a new study by The Boston Consulting Group (BCG), a global management consulting firm.
Diggory Elected Chairman of Heavy Duty Manufacturers Association
William “Bill” Diggory, vice president and general manager of Chicago Rawhide, Elgin, Ill., has been elected 2005 chairman of the Heavy Duty Manufacturers Association (HDMA). Diggory served as HDMA vice chairman in 2004.