Anyone who works in the automotive business can attest the industry currently is enjoying a period of robust demand. At the same time, there is an enormous amount of risk.
The country's automotive supply chain is likely to get affected due to various factors, including escalation of costs to supply chain operations and shortage of professionals, a study has revealed.
The UK government and the automotive industry are investing £500m ($755m) each to double the number of jobs created or secured in the automotive supply chain by developing an Advanced Propulsion Centre.
The automotive manufacturing industry is becoming more complex than ever before. More models, including hybrids, are being introduced, and there are now more features and options, with technology used to drive end-market price and model differentiation.