Euler Hermes cover increases to the supply chain of the automotive industry support

A rebalancing of the supply chain in the Far East and established local suppliers who have the ability to produce a spare is a positive effect on the health of the automotive industry in the UK. A new report by Euler Hermes, the world leader in credit insurance, says the challenge now is whether these local suppliers sufficiently prepared to meet the demand, and when they get the necessary financing to take advantage of this opportunity. Prada Outlet Online "Find Small businesses are more difficult to obtain financing and must change," said Shannon Murphy, director of the underwriting risk Euler Hermes: "The world is based on the manufacturers in the UK units moved back original (OEM) to a localized supply base after Tsunami in March 2011 is a clear trend, and it's encouraging. A phrase we often hear "lowest cost, not low cost" and to this end the UK suppliers are definitely back in favor, but they need support. " • Nearly 120,000 cars were built in July 2012, the 13th Month increase in the production sequence. • about £ 4.5 billion new investments were announced in the last 18 months. • Jaguar Land Rover (JLR) is to create more than 1,100 new jobs in Castle Bromwich, West Midlands to support the launch of the new Jaguar models • BMW has confirmed a further £ 250 million investment in Oxford, Swindon and Hams Hall, to increase the production Mini. Shannon said that the exhibition of Euler Hermes rose for the automotive industry in Germany by almost 30 percent in the last 12 months - a clear indication of both the dynamics of the industry, insurers and credit risk appetite. He has seen considerable demands for increased range of suppliers in JLR production levels increase as the level of demand: "We are clearly our role in helping our customers with the industry," he said. But while customers report that the demand for their services remains strong, raises the uncertainty in the euro area and a cloud: European automotive production is expected to reach 1 million units in 2012 19 million * "It is not acceptable Now the government and banks to ensure that manufacturers, OEMs and others in the supply chain the support they need "to get the financing, says Shannon. Euler Hermes is the worldwide leader in credit insurance and one of the leading companies in the storage and collection. With 6,000 or more employees in over 50 countries, Euler Hermes offers a complete range of services for the management of receivables and posted a consolidated turnover of € 2.27 billion B2B in 2011. Euler Hermes has developed a credit intelligence network to analyze the financial stability of the 40 + million companies worldwide. The Group insures commercial transactions worldwide total 702.000.000.000 € exposure end December 2011. Euler Hermes, subsidiary of Allianz, is listed on Euronext Paris and Euro rated AA-by Standard & Poors.