“The volatility of sales and profit margins has increased. Companies ought to master the art of «adaptability»,” Stefan Penthin, partner at BearingPoint, said Thursday at the conference “Mediafax Talks about Auto Industry 2013.”
Many players in the auto industry are considering transferring operations from Western to Eastern Europe, due to favorable production costs, Penthin also said.
“Current production costs in Eastern Europe continue to be lower than costs in Western Europe,” said Penthin, adding that Eastern-European economies strongly rely on transport and data infrastructure for further growth.