Transportation
Great Inflation Surge Fuels New Hotbed of Distress in Europe
- European car-part makers struggle to pass on surging costs
- Looming debt maturities already force some to seek solutions
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It has been, by almost any measure, an extraordinary few years for the likes of Mercedes-Benz Group AG and Renault SA: Soaring vehicles prices have fueled record profit margins.
But for the companies that make everything from the wiring to the sealing systems and thermal insulation that go into their cars — and virtually every other vehicle made in Europe — it’s been nothing short of a disaster.