Automotive Industry
Industry: Email Alert RSS FeedCoachbuilders manage to find opportunity in shrinking market.(News)
Automotive News Europe, August, 2003
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Despite shrinking market volumes in western Europe and the USA, European coachbuilders this year expect to increase production and revenue from last year's total of approximately 250,000 units and [euro]6.5 billion.
Progressively fragmenting markets are offering new opportunities to coachbuilders - companies that build low-volume production vehicles for other carmakers - but the sector is facing a number of challenges.
* Profitability is at record low levels, less than 1 percent of revenue.
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* Carmakers are taking production in-house on niche vehicles previously built by ...
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