Many auto suppliers, already squeezed by rampant inflation and energy prices, say they have little choice but to shoulder the extra costs of making their components sustainable to meet carmakers' environmental targets
Many suppliers are consequently making large investments to green up their acts, from developing recyclable parts to hooking up their businesses to renewable energy, according to interviews with more than a dozen industry players.
Philadelphia-based AutoForecast compiles auto industry production estimates and advises suppliers on whether the requests-for-quotes they receive from carmakers are based on realistic assumptions for vehicle production volumes. Going green is costly for even the biggest suppliers, such as American Swiss connector maker TE Connectivity
For Britain's Autins, which had revenue of about 23 million pounds for the fiscal year ending September 2021, one part of the green solution is to shift to 100% renewable energy later this year, according to CEO Gareth Kaminski-Cook, speaking at the company's plant in Tamworth, central England. The Swiss-Italian company spent three years developing the bracket and now has its first contract, for vans made by Stellantis"We are trying to concentrate the few resources we have available on innovation," said the CEO. He added, though, that Sigit's carmaker customers had been unwilling to pay any more for new, greener products so far, even the luxury brands.Suppliers are also feeling the strain in Germany, Europe's biggest car market.
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