The automotive industry is entering one of the most significant periods of change in its history, as it slowly transitions away from diesel and gasoline internal combustion engines (ICE). It is not only automakers at threat, but also the diverse network of global suppliers that support them.
There is growing concern that businesses which specialise in ICE components and systems could see orders cut or cancelled entirely in future, with those contracts instead going to specialists in electrified powertrains. Such concerns would not have been soothed by
