Ever since the first internal-combustion vehicle rolled off Karl Benz’s production line 130 years ago, the motor car has claimed a place in popular culture that is more than the sum of its parts – and what an enormous sum that is.
- Driven by consumer appetite and regulatory pressure, three themes – environmental sustainability, safety and connectivity – are taking the automobile industry in a new direction
- Leading car manufacturers are adapting quickly – so too are the companies providing specialist components enabling them to stay on course
- The high-yield and investment-grade credit of parts suppliers is priced more attractively than that of car manufacturers, providing opportunities to invest in companies capitalising on change
- We focus on four parts suppliers that are illustrative of the investment options available to credit investors who seek an inside track within the auto sector