In March 2010 ECG published a comprehensive report entitled "Financing the Recovery: a comprehensive analysis in support of sustainable growth". It was the most detailed financial report ever produced on the European finished vehicle logistics industry.
The background to this was the economic crisis in which the automotive sector was hit harder than most and, by 2010, the vehicle logistics sector had reduced capacity by some 20% across the board in response. Various estimates now put the investments required in order to support the anticipated recovery in volumes in automotive manufacturing at between €4 and €7 billion.
Unfortunately the sector found itself labelled a poor credit risk by association with the wider automotive industry and, just when it needed it most, the sector was unable to obtain the financing it needed to recover. This report set out to show, through the use of hard data, that the vehicle logistics business retained strong foundations having responded fast and with great flexibility during the crisis and was credit-worthy for the future.
If you would like a copy of the report, which is only available in hard copy, please contact the ECG Secretariat and we will be very happy to send you one.
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