Mike Smitka, Economics, Washington & Lee Univ
i'm pondering the nature of globalization in the auto industry. In addition, suppliers are realigning their businesses, with for example JCI and Visteon selling their interior businesses to Yanfeng, Visteon selling their air conditioning business to Halla Climate Control (now Hanon), and Visteon buying Yanfeng's share in a vehicle electronics joint venture. Then there are OEMs: what was the progression of cross-border integration in Europe, as intra-European restrictions were gradually lowered following the formation of the Common Market. First I'll ponder, the blog, then write ...
meanwhile here's a thought provoking quote from Johannes Roters of Yanfeng Automotive Interiors. I came across it in a story in Automotive News China, but then found an English version.
To buy an asset, a machine, is easy, but to run the machine [outside your home market] is a different story. You need the right people and the right processes as well as the same values, same understanding, same mission and same vision.
China's Yanfeng foresees consolidation of interior component suppliers,
Automotive News Europe 2016/2/26 as cited in Automotive News China.