IMPROVING THE SAFETY OF NON-MOTORIZED ROAD USERS Antida Aversa Automobile Club of Italy.
Stefano Aversa Leadership in the Auto Industry Vienna, 22 ...
14
Stefano Aversa Managing Director, AlixPartners LLC Leadership in the Auto Industry Vienna, 22 June 2006
Transcript of Stefano Aversa Leadership in the Auto Industry Vienna, 22 ...
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n u
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turn
on C
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l E
mplo
ye
d)
de
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re-in
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st e
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rovid
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by e
qu
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bt
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es:
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Ma
na
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fo
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as
h:
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pp
lie
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as
h F
low
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Wo
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wid
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Eu
rop
ea
n S
up
pli
ers
Be
hin
d i
n I
nv
en
tory
Tu
rns
0369
12
15
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
Am
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Euro
pe
Asia
Turns
Su
pp
lie
r M
ed
ian
In
ve
nto
ry T
urn
s
So
urc
es: B
loo
mb
erg
; A
lixP
art
ne
rs a
naly
sis
456789101112 1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
Am
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Euro
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Asia
Su
pp
lie
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ed
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Op
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8S
ourc
es:
Bankru
ptc
ydata
.com
; H
oovers
; com
pany info
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Auto
motive N
ew
s,
Alix
Part
ners
analy
sis
Larg
e N
ort
h A
meri
can
Au
tom
oti
ve B
an
kru
ptc
ies (
assets
>$100M
)
Co
mp
an
y /
Sale
s (
$M
) / Y
ear
Co
mp
an
y /
Sale
s (
$M
) / Y
ear
Fed
eral
-Mog
ul -
$5,4
57 (
2001
)
AN
C R
enta
l -$3
,163
(20
01)
Hay
es L
emm
erz
-$2
,171
(20
01)
Har
vard
Indu
strie
s -
$330
(20
00)
Exi
de T
echn
olog
ies
-$2
,429
(20
02)
Dae
woo
Mot
ors
-$3
,500
(20
02E
)
Bud
get G
roup
-$2
,161
(20
01)
Ven
ture
Hol
ding
s -
$1,7
00 (
2002
E)
Cita
tion
Cor
p. -
$650
(20
03)
Inte
rmet
-$7
31 (
2003
)
Oxf
ord
Aut
omot
ive
-$1
,000
(20
04E
)
Am
cast
-$4
24 (
2003
)
To
we
r A
uto
mo
tive
-$
2,8
16
(2
00
3)
Ea
gle
Pic
he
r-
$6
85
(
20
03
)
Me
rid
ian
Au
tom
oti
ve
-$
1,0
00
(2
00
3E
)
Co
llin
s &
Aik
ma
n -
$3,7
84
(20
03
)
De
lph
i –
$27
,000
(20
05
E)
Da
na
–$
8,6
11
(2
005
)
To
tal
Sale
s:
$67 b
illio
n
Fed
eral
-Mog
ul -
$5,4
57 (
2001
)
AN
C R
enta
l -$3
,163
(20
01)
Hay
es L
emm
erz
-$2
,171
(20
01)
Har
vard
Indu
strie
s -
$330
(20
00)
Exi
de T
echn
olog
ies
-$2
,429
(20
02)
Dae
woo
Mot
ors
-$3
,500
(20
02E
)
Bud
get G
roup
-$2
,161
(20
01)
Ven
ture
Hol
ding
s -
$1,7
00 (
2002
E)
Cita
tion
Cor
p. -
$650
(20
03)
Inte
rmet
-$7
31 (
2003
)
Oxf
ord
Aut
omot
ive
-$1
,000
(20
04E
)
Am
cast
-$4
24 (
2003
)
To
we
r A
uto
mo
tive
-$
2,8
16
(2
00
3)
Ea
gle
Pic
he
r-
$6
85
(
20
03
)
Me
rid
ian
Au
tom
oti
ve
-$
1,0
00
(2
00
3E
)
Co
llin
s &
Aik
ma
n -
$3,7
84
(20
03
)
De
lph
i –
$27
,000
(20
05
E)
Da
na
–$
8,6
11
(2
005
)
To
tal
Sale
s:
$67 b
illio
n
Year
Ch
. 11
Year
Ch
. 11
2001
2001
2001
2002
2002
2002
2002
2003
2004
2004
2004
2004
20
05
20
05
20
05
20
05
20
05
20
06
2001
2001
2001
2002
2002
2002
2002
2003
2004
2004
2004
2004
20
05
20
05
20
05
20
05
20
05
20
06
Cu
rren
t S
tatu
sC
urr
en
t S
tatu
s
Exp
ects
to e
mer
ge fr
om b
ankr
uptc
y la
ter
this
yea
r
Ala
mo
and
Nat
iona
l acq
uire
d by
Cer
beru
s in
Oct
ober
200
3 fo
r $2
.4bi
llion
Em
erge
d in
Jun
e 20
03 w
ith 3
7% o
wne
d by
Jos
eph
Littl
ejoh
n Le
vy
Liqu
idat
ed in
200
2 af
ter
four
ban
krup
tcie
s in
25
year
s
Em
erge
d in
May
200
4; r
educ
ed d
ebt b
y 70
%
Maj
ority
of g
loba
l ope
ratio
ns a
cqui
red
by G
M
Acq
uire
d by
Cen
dant
in N
ovem
ber
2002
for
over
$50
0 m
illio
n
Acq
uire
d by
cre
dito
rs a
nd r
enam
ed C
aden
ce In
nova
tion
Em
erge
d fr
om C
hapt
er 1
1 M
ay
2005
Em
erge
d fr
om C
hapt
er 1
1 N
ovem
ber
2005
, reo
rgan
ized
into
five
bus
ines
s gr
oups
Em
erge
d M
arch
200
5 to
focu
s on
Eur
opea
n op
erat
ions
Ope
ratin
g un
der
Cha
pter
11
sinc
e N
ovem
ber
2004
Cu
t 8
00
wo
rke
rs a
nd
clo
se
d 3
pla
nts
–F
ile
d C
ha
pte
r 1
1 o
n F
eb
rua
ry 2
Hig
h c
om
mo
dit
y p
ric
es
& i
ns
uff
icie
nt
ca
sh
–F
ile
d C
H 1
1 o
n A
pri
l 1
1
Fir
st
da
y m
oti
on
s a
pp
rove
d -
Ch
ap
ter
11
on
Ap
ril,
26
Fil
ed
Ch
ap
ter
11
on
Ma
y 1
7
Se
ek
ing
re
lie
f fr
om
hig
h la
bo
r c
os
ts +
un
ion
pro
hib
itio
n o
n c
los
ing
/se
llin
g p
lan
ts
Fil
ed
Ch
ap
ter
11
Ma
rch
20
06
Exp
ects
to e
mer
ge fr
om b
ankr
uptc
y la
ter
this
yea
r
Ala
mo
and
Nat
iona
l acq
uire
d by
Cer
beru
s in
Oct
ober
200
3 fo
r $2
.4bi
llion
Em
erge
d in
Jun
e 20
03 w
ith 3
7% o
wne
d by
Jos
eph
Littl
ejoh
n Le
vy
Liqu
idat
ed in
200
2 af
ter
four
ban
krup
tcie
s in
25
year
s
Em
erge
d in
May
200
4; r
educ
ed d
ebt b
y 70
%
Maj
ority
of g
loba
l ope
ratio
ns a
cqui
red
by G
M
Acq
uire
d by
Cen
dant
in N
ovem
ber
2002
for
over
$50
0 m
illio
n
Acq
uire
d by
cre
dito
rs a
nd r
enam
ed C
aden
ce In
nova
tion
Em
erge
d fr
om C
hapt
er 1
1 M
ay
2005
Em
erge
d fr
om C
hapt
er 1
1 N
ovem
ber
2005
, reo
rgan
ized
into
five
bus
ines
s gr
oups
Em
erge
d M
arch
200
5 to
focu
s on
Eur
opea
n op
erat
ions
Ope
ratin
g un
der
Cha
pter
11
sinc
e N
ovem
ber
2004
Cu
t 8
00
wo
rke
rs a
nd
clo
se
d 3
pla
nts
–F
ile
d C
ha
pte
r 1
1 o
n F
eb
rua
ry 2
Hig
h c
om
mo
dit
y p
ric
es
& i
ns
uff
icie
nt
ca
sh
–F
ile
d C
H 1
1 o
n A
pri
l 1
1
Fir
st
da
y m
oti
on
s a
pp
rove
d -
Ch
ap
ter
11
on
Ap
ril,
26
Fil
ed
Ch
ap
ter
11
on
Ma
y 1
7
Se
ek
ing
re
lie
f fr
om
hig
h la
bo
r c
os
ts +
un
ion
pro
hib
itio
n o
n c
los
ing
/se
llin
g p
lan
ts
Fil
ed
Ch
ap
ter
11
Ma
rch
20
06
Re
su
lt:
Aft
er
a L
ull
in
20
03
, S
up
pli
er
Ins
olv
en
cie
s A
re U
p
9
01234567
Urg
en
cy
: s
pe
ed
an
d b
old
de
cis
ion
s t
o a
nti
cip
ate
th
e c
ris
is24
% o
f S
up
pliers
Face P
ossib
le In
so
lven
cy w
ith
in 2
4 M
on
ths
So
urc
es: B
loo
mb
erg
; A
lixP
art
ne
rs a
naly
sis
Am
erica
s38
%
Eu
rope
13
%
Asia
20
%
Me
dia
n S
co
re =
2.4
% o
f R
eg
ion
in
F
isca
l D
an
ger
3.0
↑ ↑↑↑H
ea
lth
y
1.8
↓ ↓↓↓F
isca
l D
an
ger
10
Glo
ba
l v
isio
n:
Ab
ilit
y t
o c
lim
b a
ll t
he
ste
ps
of
glo
ba
liza
tio
n
Exp
ort
Sale
s
So
urc
ing
Man
ufa
ctu
rin
g
Pro
du
ct
De
velo
pm
en
t
Lead
ers
hip
�In
tern
atio
nal
cust
omer
s, s
ales
&
serv
ice
orga
niza
tions
�Lo
w-c
ost c
ount
ry
man
ufac
turin
g�
Leve
rage
fact
or-c
ost
adva
ntag
es (
labo
r ra
tes)
�O
ffsho
re p
rodu
ct-
deve
lopm
ent
activ
ities
�“F
athe
rland
-less
“co
mpa
nies
�T
rue
glob
al
lead
ersh
ip te
ams
Issu
es o
f T
od
ay
� ���
Issu
es o
f T
om
orr
ow
�Lo
w-c
ost c
ount
ry
sour
cing
�Le
vera
ge fa
ctor
-cos
t ad
vant
ages
(la
bor
rate
s)
Th
e F
ive
Ste
ps
of
Glo
ba
liza
tio
n
11
So
urc
es: B
loo
mb
erg
; B
uyo
uts
da
ta,
Alix
Pa
rtn
ers
ana
lysis
Str
ate
gic
All
ian
ce
Ne
go
tia
tio
n:
Nu
mb
er
of
De
als
Ex
pe
cte
d t
o
Re
ma
in C
on
sta
nt
in t
he
Au
tom
oti
ve
$34
.4$37
.8 $1
7.5$
35.8 $
18.9$
19
.0$3
0.0 $
24.0
$0$5
$10
$15
$20
$25
$30
$35
$40
1999
2000
2001
2002
2003
2004
2005
2006E*
0100
200
300
400
500
600
700
Dea
l Val
ue (
$ B
illio
n)
Glo
ba
l A
uto
mo
tive
M&
A A
cti
vit
y 1
998–
2006
Num
ber
of D
eals
12
No
Wis
hfu
l T
hin
kin
g:
Ch
ina
Is
n’t
Go
ing
to
Sa
ve
th
e i
nd
us
try
Ch
inese M
ark
et
is C
oo
lin
g:
Uti
lizati
on
Do
wn
, E
xp
ort
s U
p
Exp
ort
s (
tho
usan
d u
nit
s)
Sou
rce:
Alix
Par
tner
s
3.5
5.8
8.5
9.9
11.6
2.3
3.0
3.8
4.6
5.6
2004
2006
2008
2010
2012
Cap
acit
y a
nd
Pro
du
cti
on
(th
ou
san
d u
nit
s),
U
tilizati
on
(%
)
Cap
acity
Pro
duct
ion
Util
izat
ion
70
220
469
733
1,1
45
2004
2006
2008
2010
2012
65%
52%
45%
48%
47%
2004
2006
2008
2010
2012
13
Le
ad
ers
to
su
cc
es
sfu
lly f
ac
e t
he
ch
all
en
ge
of
ou
r in
du
str
y …
4M
anag
e fo
r ca
sh
and
don’
t ful
ly d
eleg
ate
the
bala
nce
shee
t
4E
stab
lish
a tr
ue s
en
se o
f u
rgen
cy
H
ave
a tu
rnar
ound
min
dset
and
a fo
cus
on a
ctio
n
4B
ring
a g
lob
al vis
ion
and
tran
sfor
mit
into
a r
ealit
y
4A
re a
ble
toin
itiat
e an
d co
nclu
de m
ultip
le s
trate
gic
all
ian
ces
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on’t
allo
w th
e w
ish
ful
thin
kin
gan
d th
e de
nial
topr
evai
l
4C
om
mu
nic
ate
bro
adly
, inf
orm
ally
and
freq
uent
ly
Li
sten
, and
find
s th
e “h
idde
n le
ader
s”
E
stab
lish
a “w
inne
r’s a
ttitu
de”
14
LON
DO
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onS
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nite
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Ali
xP
art
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ha
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tco
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PA
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AlixP
art
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LC
248-2
63-8
147
