ANALYSIS-From Pickups to Idle Plants: Automakers Seek Lifeline From Defence Boom

Analysis-From pickups to idle plants: automakers seek lifeline from defence boom - Regional Media News

By Nick Carey, Gilles Guillaume and Kalea Hall LONDON/PARIS/DETROIT, Sept 28 (Reuters) - Western automakers are chasing a defence spending boom as a way to sell more vehicles and make use of underemployed factories, though executives say military work will not make up for slowing [...]

ANALYSIS-From pickups to idle plants: automakers seek lifeline from defence boom

Read more about ANALYSIS-From pickups to idle plants: automakers seek lifeline from defence boom on Devdiscourse

From pickups to idle plants: automakers seek lifeline from defense boom - BusinessWorld Online

LONDON/PARIS/DETROIT — Western automakers are chasing a defense spending boom as a way to sell more vehicles and…

From pickups to idle plants: automakers seek lifeline from defence boom

Western automakers are increasingly looking at defense contracts as a way to boost revenues and utilize excess capacity. Companies like Ford, GM, and Jaguar Land Rover are bidding for military vehicle contracts. Despite these efforts, executives express skepticism about the financial impact on overall revenues. Automakers are offloading surplus factories to defense manufacturers due to the growing demand for military production.

Western automakers seek lifeline from defence boom

Western automakers are chasing a defence spending boom as a way to sell more vehicles and make use of underemployed factories.

Western automakers eye defence boost amid slowdown

Carmakers such as Ford, GM and JLR are tapping rising defence spending through military vehicle bids and factory sales to offset weak demand and Chinese competition. However, analysts say the revenue upside will remain marginal, with core auto business still dominant.http://dlvr.it/TVgsNy