Skip to content

Suppliers gain strength as OEMs seek outside innovation

In the search for differentiation, close relationships between OEMs and suppliers are more important than ever – and the Tier 1s hold all the cards. By Freddie Holmes

The term Original Equipment Manufacturer (OEM) to describe a vehicle manufacturer is highly misleading. Suppliers – which deliver up to three quarters of the value of a car – are tasked with bringing their collective expertise into most aspects of vehicle development. Although the end product may bear the badge of a single brand, it is typically the result of a combined effort from a network of suppliers.

Subscribe to Automotive World to continue reading

Sign up now and gain unlimited access to our news, analysis, data, and research

Subscribe

Already a member?

https://www.automotiveworld.com/articles/suppliers-gain-strength-oems-seek-outside-innovation/

Welcome back , to continue browsing the site, please click here