G7 Global Automotive suppliers discuss the importance of supporting a global automotive value chain
Geneva, 16th March 2018
Cooperation among key regions is fundamental to strengthen global competitiveness of the automotive supply industry
Representatives of the 7 leading automotive suppliers associations from the major vehicle regions in the world (Brazil, Canada, Europe, India, Japan, Mexico and the USA), meet to discuss the importance of supporting a global automotive value chain and the reflect on the challenges facing the sector.
Representatives from the G7 Global Automotive Suppliers Associations includes Mr. Vinnie Mehta, ACMA Director General; Mr. Vincent Guglielmo, APMA Vice President; Ms. Sigrid de Vries, CLEPA Secretary General; Mr. Óscar R. Albín, INA Executive President, Mr. Masashi Oshita, JAPIA Vice Chairman & Executive Managing Director; Mr. Steve Handschuh, MEMA President & Chief Executive Officer and Mr. Dan Ioschpe, Chaiman of Sindipecas.
The second ‘G7’ Global Automotive Suppliers Associations meeting was held last 12 and 13 March 2018 in Geneva, facilitating high-level discussions and coordination among the leaders of the major automotive supplier associations. This dialogue is seen as valuable and necessary in view of the highly global nature of the vehicle industry and the various challenges that can affect the fair and rules-based trade between regions as well as other issues impacting competitiveness and wealth creation across the globe.
The meeting participants exchanged views on the latest developments and mega-trends in the automotive and mobility sectors, such as issues related to:
- Decarbonisation of transport and energy
- Technology neutrality
- Current skills shortages and future employment needs
- Industry competitiveness & new business models
- Connected and automated driving
- Big data, cyber security & In-vehicle-generated data
- Road safety
- Technical harmonisation
- Facilitation of global value chains & trade
The global automotive supplier associations believe that dialogue and information exchange will strengthen the cooperation between the different regions and support industry, national governments and international organisations, bringing benefits to society by implementing new mobility solutions.
The meeting was this year hosted by CLEPA – the European Association of Automotive Suppliers. Attending the meeting were representatives of ACMA – the Automotive Component Manufacturers Association of India, APMA – the Automotive Parts Manufacturers Association of Canada, INA – the National Auto Parts Industry Association of Mexico, JAPIA – the Japan Auto Parts Industries Association, MEMA – the Motor & Equipment Manufacturers Association of the U.S.A, SINDIPEÇAS – The National Association of Brazilian Auto Parts manufacturers and CLEPA – the European Association of Automotive Suppliers.
The automotive supply industry is an important contributor to innovation and economic growth around the world, sustaining highly-skilled employment and driving the development of new mobility solutions. The sector organises a highly-integrated worldwide network of suppliers and customers resulting in efficient international value chains. Materials, components and vehicles often cross multiple borders before they reach the customer.
Some facts about the Global Automotive industry:
- Production of 2.7 million vehicles
- Auto parts revenue of USD 24.1 billion
- Sector employs directly over 164,600 people
- Direct and indirect employment in the automotive industry: 1.3 million people
- Production of 2.4 million light vehicles
- Sector turnover of USD 27.2 billion
- Direct employment of over 96,000 people
- Production of 18 million vehicles
- European automotive industry employs more than 12 million people
- Sector directly employs 5 million people
- European automotive suppliers invest more than €20bn in RDI per year
- Production of 25 million vehicles (PVs, CVs and Two-wheelers)
- Sector turnover of USD 43.5 billion (Auto Components); Exports from India USD 10.8 billion
- Contribution to India’s GDP of 2.3%
- Production of 9,756 thousand vehicles
- Sector production USD 270 billion
- Employees in auto parts industry 609,000
- Production of 3.7 million vehicles
- Sector turnover USD 87 billion dollars
- Sector directly employs 870,000 people
- Production of 17.1 million units of light duty vehicles and 296,000 units of class 8 Truck (heavy-duty commercial vehicle)
- Economic impact: direct supplier employment of 871,000; directly or indirectly responsible for 2.9% of U.S. employment; largest manufacturing sector in the U.S.
- U.S. Aftermarket size of USD 287 billion in end-consumer dollars