The Italian automotive sector had a strange August. While the final assembly lines were slightly busier, the companies making the parts are facing a much tougher reality.
- Car production saw a modest bump of 1.2% compared to the same time last year.
- However, the component sector took a massive hit, with production dropping by 20.9%.
- Gianmarco Giorda, who leads the industry group Anfia, warned that we need to act now.
- He emphasized that supporting the competitiveness of the automotive supply chain is absolutely critical for the future.
It is clear that while car makers are holding steady, the parts suppliers need urgent support to get back on track.