By Grant Schwab and Summer Ballentine | The Detroit News (TNS) WASHINGTON — Automotive suppliers have so far been able to weather the storms of tariffs, high interest rates and a rocky transition to electric vehicles, but industry experts said they aren’t sure how long business can go on before major disruptions or even bankruptcies start to emerge. “All of the Tier 1 (suppliers), everybody is nervous. Totally volatile market right now. Nobody knows what decisions to do,” said Falc Borchard, vice president of sales at PIA Automation GmbH. The company makes machinery for...
Collaboration sustains auto suppliers amid tariffs, but challenges loom
By Grant Schwab and Summer Ballentine | The Detroit News (TNS) WASHINGTON — Automotive suppliers have so far been able to weather the storms of tariffs, high interest rates and a rocky transition to electric vehicles, but industry experts said they aren’t sure how long business can go on before major disruptions or even bankruptcies start to emerge. “All of the Tier 1 (suppliers), everybody is nervous. Totally volatile market right now. Nobody knows what decisions to do,” said Falc Borchard, vice president of sales at PIA Automation GmbH. The company makes machinery for...
