PRINT THIS PAGE Automotive sector insights
08/10/2003. Source:PricewaterhouseCoopers.
The global automotive sector has not escaped the downturn in fortune that other sectors have also felt over the last couple of years. PricewaterhouseCoopers assesses the current state of the sector and discusses how consolidation in the industry may continue to be driven by M&A activity. Deals totalling $35.1bn were recorded in the industry in 2002. Although falling well below the peak in 1998, the number of transactions was actually well above the 1998 total. With target valuations now much lower across the industry, private equity-backed transactions are increasing rapidly. These trends are expected to continue as the supply chain goes through a further round of consolidation and restructuring.
Copyright © 2003 PricewaterhouseCoopers
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