Lamport Bassitt Solicitors - Legal News - Merger and acquisition activity 'to increase in automotive sector'


	LATEST LATEST LEGAL NEWS ARCHIVE		LATEST NEWS & EVENTS Merger and acquisition activity 'to increase in automotive sector' Firms in the automotive sector will be subject to greater merger and acquisition activity over the next five years, it has been predicted. According to KPMG's 2010 international survey of the industry, three-quarters of senior executives predict such activity will increase during the period. Corporate debt and insolvency was cited as one major factor behind the anticipated trend. Mike Steventon, partner at KPMG - a firm with over 10,000 partners and staff working in 22 offices across the world - said that growth and investment are "back on the agenda". However, he added: "That will come at the price of continued restructuring of an industry that is still burdened by huge over-capacity. The change has only just begun." Firms in the sector face a number of challenges, such as financing the cycle of innovation, Mr Steventon pointed out. In addition, they have to cope with consumers who are not prepared to spend as much money due to the effects of the recession. Related Articles: 22/9/2011 - Manufacturers targeting strategic acquisitions to drive growth 21/9/2011 - Mergers and acquisitions rule changes take effect 14/9/2011 - Govt wants to make London a 'legal hub' for the world 12/9/2011 - ICB banking reforms: banks set to be given until 2019 to prepare 8/9/2011 - Banking reforms in danger of being 'watered down' More Corporate Law News