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<ul><li><keyword id="47265" type="General" weightage="80" keywordseo="motherson-sumi" source="Orion">Motherson Sumi</keyword> is the largest auto components maker in India, with market capitalisation of over $8 billion.<br /></li><li><keyword id="3672341" type="General" weightage="80" keywordseo="marelli" source="Orion">Marelli</keyword>, the Italian auto components maker, is a slightly larger company, which posted a revenue of $11 billion in 2021-22.<br /></li><li>In the past, it has manufactured automotive light systems and other components in partnership with Marelli.<br /></li></ul><keyword id="45177" type="General" weightage="50" keywordseo="motherson-group" source="Orion">Motherson Group</keyword>, the parent company of <keyword id="135627" type="General" weightage="100" keywordseo="motherson" source="Orion">Motherson</keyword> Sumi, India’s largest automobile components maker by revenue, is reportedly close to acquiring Italian auto components maker, Marelli. <br /><br />According to a report by The <a href="https://economictimes.indiatimes.com/industry/auto/auto-components/motherson-closes-in-on-acquisition-of-auto-parts-company-marelli/articleshow/90786685.cms">Economic Times</a>, if the deal goes through, the acquisition of Marelli will propel Motherson Sumi amongst the top-ten auto component makers in the world.<br /><br /><div type="image" title="Motherson Sumi 01_01_22 to 13_04_22." msid="90799536" hostid="261" caption="&amp;lt;p&amp;gt;Motherson Sumi share price in 2022&amp;lt;/p&amp;gt;"></div><br />Motherson Sumi already has past experience with Marelli – it had entered into a joint venture with the Italian company to manufacture suspension, heating, ventilation, air conditioning and automotive lighting systems.<br /><br />In 2021-22, Marelli posted $11 billion in revenue, but had to undergo debt restructuring with liabilities of over $8 billion.<br /><br />In comparison, Motherson Sumi’s market capitalisation stands at a little over $8 billion – essentially, Marelli is a bigger company than Motherson Sumi. However, Marelli’s financial struggles make it an interesting candidate for the Indian auto components maker – something which it has done several times in the past.<br /><br /><cmsannotation type="cmsannotation" annotationid="Who are Motherson Sumi’s competitors?" comment="subhead" text="Who are Motherson Sumi’s competitors?"><span data-til="noop">Who are Motherson Sumi’s competitors?</span></cmsannotation><br /><br />Minda Industries and <keyword id="8042633" type="General" weightage="50" keywordseo="sona-comstar" source="Orion">Sona Comstar</keyword> are some of the Indian peers of Motherson Sumi, but their market capitalisation is lesser than the others.<br /><br />Here’s how the three companies measure up:<br /><br /><table style="border-width: initial; border-style: none;"></colgroup><tbody><tr><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 1pt;border-top:solid #000000 0.5pt;vertical-align:bottom;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">Company<br /><br /></td><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 1pt;border-top:solid #000000 0.5pt;vertical-align:bottom;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">Motherson Sumi<br /><br /></td><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 1pt;border-top:solid #000000 0.5pt;vertical-align:bottom;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">Sona Comstar<br /><br /></td><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 1pt;border-top:solid #000000 0.5pt;vertical-align:bottom;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">Minda Industries<br /><br /></td></tr><tr><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 1pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">Revenue<br /><br /></td><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 1pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">₹16,241 crore<br /><br /></td><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 1pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">₹499 crore<br /><br /></td><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 1pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">₹2,194 crore<br /><br /></td></tr><tr><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 0.5pt;vertical-align:bottom;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">Net profit<br /><br /></td><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 0.5pt;vertical-align:bottom;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">₹245 crore<br /><br /></td><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 0.5pt;vertical-align:bottom;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">₹86 crore<br /><br /></td><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 0.5pt;vertical-align:bottom;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">₹101 crore<br /><br /></td></tr><tr><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 0.5pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">Market capitalisation<br /><br /></td><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 0.5pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">₹62,900 crore<br /><br /></td><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 0.5pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">₹36,900 crore<br /><br /></td><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 0.5pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">₹26,900 crore<br /><br /></td></tr></tbody></table><br /><em>Source: December 2021 quarter, as per company reports, market capitalisation as on April 12, 2022.</em><br /><br /><cmsannotation type="cmsannotation" annotationid="What are the analysts saying?" comment="subhead" text="What are the analysts saying?"><span data-til="noop">What are the analysts saying?</span></cmsannotation><br /><br />According to the report, Marelli has six other acquisitions in its pipeline. Analysts are also positive about Motherson’s reorganisation, “The company’s scheme of reorganisation continued as expected, and this lays the foundation for Motherson 2.0,” stated a report by Geojit.<br /><br /><table style="border-width: initial; border-style: none;"></colgroup><tbody><tr><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 1pt;border-top:solid #000000 0.5pt;vertical-align:bottom;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">Brokerage<br /><br /></td><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 1pt;border-top:solid #000000 0.5pt;vertical-align:bottom;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">Recommendation<br /><br /></td><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 1pt;border-top:solid #000000 0.5pt;vertical-align:bottom;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">Target price<br /><br /></td><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 1pt;border-top:solid #000000 0.5pt;vertical-align:bottom;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">Upside<br /><br /></td></tr><tr><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 1pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">Chola Securities<br /><br /></td><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 1pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">Out performer<br /><br /></td><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 1pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">₹186<br /><br /></td><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 1pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">33%<br /><br /></td></tr><tr><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 0.5pt;vertical-align:bottom;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">Geojit<br /><br /></td><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 0.5pt;vertical-align:bottom;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">Hold<br /><br /></td><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 0.5pt;vertical-align:bottom;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">₹187<br /><br /></td><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 0.5pt;vertical-align:bottom;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">34%<br /><br /></td></tr><tr><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 0.5pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">ICICI Direct<br /><br /></td><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 0.5pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">Hold<br /><br /></td><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 0.5pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">₹185<br /><br /></td><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 0.5pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">32%<br /><br /></td></tr></tbody></table><br /><em>Note: Upside as compared to the current market price of ₹138, as of April 12, 2022</em><br /><br />Although Motherson’s shares are down by nearly half in 2022 so far, analysts suggest that improving industry conditions and increasing orders are the key growth drivers for the company.<br /><br />But material shortages and surge in raw material prices remain key issues, and analysts recommend remaining cautious on the company’s stock.<br /><br />“We maintain hold rating on the stock amid slower-than-anticipated recovery in passenger vehicle auto volumes globally amid persisting chip shortage,” said a report by ICICI Direct.<br /><br /><strong>SEE ALSO:<br /><br /><a href="https://www.businessinsider.in/business/auto/news/hero-electrics-customers-can-now-charge-their-vehicles-on-electricpes-charging-network/articleshow/90795215.cms">Hero Electric’s customers can now charge their vehicles on ElectricPe’s charging network</a><br /><br /><a href="https://www.businessinsider.in/business/auto/news/electric-two-wheeler-sales-surge-over-5-times-in-2021-22/articleshow/90775731.cms">Electric two-wheeler sales surge over 5 times – Hero Electric, Okinawa corner half the market, Ather’s market share declines</a><br /><br /></strong><a href="https://www.businessinsider.in/business/auto/news/uber-announces-a-price-hike-of-12-for-cab-rides-in-delhi/articleshow/90793725.cms"><strong>Uber announces a 12% price hike for cab rides in Delhi as petrol, diesel prices skyrocket</strong></a><br />

Motherson Group to reportedly acquire Italian auto components maker Marelli – here’s what it means

<p class="source"><span>Fiat Chrysler Automobiles</span></p><p class="caption">The RAM 1500.</p><ul class="summary-list"><li>FCA met analysts' expectations for Q4 2019 earnings.</li><li>The automaker cited strong sales in the pickup-truck-mad US market as a key driver.</li><li>FCA is progressing on a merger with Peugeot.</li><li><a href="https://www.businessinsider.com/?hprecirc-bullet">Visit Business Insider's homepage for more stories</a>.</li></ul><p><br />Fiat Chrysler Automobiles said its operating profit matched expectations in the fourth quarter, boosted by strong North American business and better results in Latin America, as it heads to a merger with Peugeot.</p><p>The Italian American carmaker said on Thursday its adjusted earnings before interest and tax (EBIT) grew 7.1% to 2.12 billion euros ($2.33 billion) in the final quarter of 2019.</p><p>Then result was in line with a 2.11 billion euro forecast in an analyst poll compiled by Reuters.</p><p>In a statement, FCA highlighted strong pickup-truck sales in the US, a $7.2-billion deal to unload its Magneti Marelli partsmaker, and a new four-year contract with the United Auto Workers union, following a challenging 50-day strike against General Motors and the successful new contract with Ford.</p><p>FCA shares moved up 3% in pre-market trading, to $14.</p><p>(Reuters reporting by Giulio Piovaccari; editing by Stephen Jewkes.)</p>

Fiat Chrysler's Q4 earnings meet Wall Street expectations, stock moves up 3% pre-market

<p><div class="KonaFilter image-container display-table"><div><div class="image on-image"><p class="source"><span><a href="http://media.fcanorthamerica.com/homepage.do?mid=1">FCA</a></span></p><p class="caption">A Jeep Cherokee.</p></div><p></p></div></div></p><ul class="summary-list"><li><strong><a href="https://markets.businessinsider.com/stocks/fiat_chrysler-stock">Fiat Chrysler</a> beat earnings expectations for the third quarter.</strong></li><li><strong>The carmaker will disperse $2.27 billion in special dividends to shareholders following the sale of its Magneti Marelli partsmaker.</strong></li><li><strong>The automaker reaffirmed its full-year guidance, under the watch of new CEO Mike Manley.</strong></li></ul><p> </p><p><a href="https://www.reuters.com/article/fiatchrysler-results/fiat-chrysler-to-pay-2-bln-euros-in-special-dividends-after-magneti-sale-idUSL8N1XA5PK">According to Reuters</a>, on Tuesday "Fiat Chrysler reported better-than-expected third-quarter earnings and promised to pay 2 billion euros ($2.27 billion) in extraordinary dividends using proceeds from the Magneti Marelli sale."</p><p>A week ago, FCA made a deal to sell its partsmaker to Japan's Calsonic Kansei for 6.2 billion euros, Reuters reported. FCA will begin to pay a regular quarterly dividend in 2019.</p><div><div data-ad-type="other"><p>"The world's seventh-largest carmaker said on Tuesday adjusted earnings before interest and tax (EBIT) for the July-September period rose 13 percent to 1.995 billion euros, compared with 1.87 billion euros in a Reuters poll of analysts," the news service reported.</p></div></div><p>FCA maintained guidance for the remainder of 2019. The automaker is now overseen by former Jeep-head Mike Manley, who became CEO after the sudden death of Sergio Marchionne earlier this year. </p><p>Shares were flat in pre-market trading Tuesday, at $16.</p><p><div class="KonaFilter image-container display-table"><div><div class="image on-image"><p class="source"><span>Markets Insider</span></p></div><p></p></div></div></p>    <div class="margin-top">        <h3>NOW WATCH: <a href="https://www.businessinsider.com/elon-musk-left-tesla-fired-2018-10">What would happen if Elon Musk left Tesla</a></h3>        <div>                    </div>    </div>

Fiat Chrysler beats third-quarter earnings and announces special $2.27-billion dividend

<br /><ul><li>TCS, Infosys, <keyword id="141968" type="CITY" weightage="20" keywordseo="HCL-Tech">HCL Tech</keyword>, and other Indian IT services companies are in for a lush quarter ahead.<br /></li><li>Analysts expect a stream of new deals to come in as supply bottlenecks open up, and more companies increase tech spend with a bigger focus on digital adoption. <br /></li><li>With employees continuing to work from home and discretionary spending muted, margins are likely to remain cushioned in the second quarter.<br /></li></ul>Expectations from the India IT services sector are high in the upcoming earnings season. It is expected to be among the first to recover from the coronavirus pandemic’s backlash. And the stellar rally across IT stocks stands testament to this optimism. <br /><br />“We expect robust commentaries, record deal wins and guidance upgrades by all companies,” Edelweiss Research said in its preview. If not setting a new record, most analysts expect deal win numbers to revert to the pre-COVID levels with supply-side issues now resolved. <br /><strong><br />I.T. Sector: Q2 earnings expectations</strong><br /><table style="border-width: initial; border-style: none; width: 468pt; table-layout: fixed;"></colgroup><tbody><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Company<br /><br /></td><td colspan="2" style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Quarterly revenue growth estimate (CC) <br /><br /></td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;"><br /></td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Edelweiss<br /><br /></td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Phillip Capital<br /><br /></td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Infosys<br /><br /></td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">3.9%<br /><br /></td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">3.1%<br /><br /></td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">TCS<br /><br /></td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">3.2%<br /><br /></td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">2.6%<br /><br /></td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Wipro<br /><br /></td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">1.7%<br /><br /></td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">1.5%<br /><br /></td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Tech Mahindra<br /><br /></td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">2.3%<br /><br /></td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">1.1%<br /><br /></td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">HCL Technologies<br /><br /></td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">4.5%<br /><br /></td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">3.6%<br /><br /></td></tr></tbody></table><br /><strong>Drive to be digital<br /></strong>The main driving force behind the optimism for IT companies is the boost that the coronavirus pandemic gave to digital adoption. The timelines to transform core IT systems were now suddenly compressed.<br /><br />From cloud to the Internet of Things (IoT) to cybersecurity, more companies are now looking at digitisation as a necessity rather than a luxury, as many a CTO have reiterated over the past couple of months. <br /><br />“We reiterate our positive stance on IT services given we expect an acceleration in IT spending driven by the shift to digital,” noted Japanese brokerage firm, Nomura.<br /><br />The other two industry tailwinds driving acceleration are bigger tech spends and vendor consolidation, in addition to an <a href="https://www.businessinsider.in/tech/enterprise/news/rise-in-work-from-anywhere-will-lead-to-more-outsourcing-thats-an-opportunity-for-tcs-infosys-and-hcl-tech/articleshow/77864248.cms">outsourcing wave</a> on the horizon for Indian IT companies to reap the benefits. <br /><br /><table style="border-width: initial; border-style: none; width: 468pt; table-layout: fixed;"></colgroup><tbody><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Company<br /><br /></td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Deals in the last three months<br /><br /></td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">TCS<br /><br /></td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Phoenix, Morrisons, Coop, and ABB<br /><br /></td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Infosys<br /><br /></td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">VanGuard and CodEd<br /><br /></td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">HCL Technologies<br /><br /></td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Ericsson <br /><br /></td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Wipro<br /><br /></td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Marelli<br /><br /></td></tr></tbody></table><br /><strong>More money in the bank</strong><br />In addition to strong demand commentary, savings will continue to cushion margins as employees work from home, and discretionary spending continues to stay low. Cross currency benefit will likely remain between 0.2% to 1.85%. <br /><br />Profitability is also expected to rise, as operating margins improve with better utilisation. <br /><br />It will be important to watch out for any details on hiring or wage hikes in the near future from management commentary. Rupee appreciation may lead to a slight negative impact on rupee revenue. <br /><br /><strong>What next?<br /></strong>Analysts expect Indian IT services companies to improve their outlook following HCL Tech’s mid-quarter review that issued a <a href="https://www.businessinsider.in/stock-market/news/hcl-tech-share-price-jumps-after-mid-quarter-guidance-pulling-tcs-infosys-wipro-and-tech-mahindra-in-the-green-along-with-it/articleshow/78103743.cms">revenue growth guidance of 3.5%</a> for the second quarter. <br /><br />Revenue growth will be led by a strong spurt across all industries, verticals and geographies, according to Edelweiss Research — much of it to recuperate the losses that were hit due to supply side issues.<br /><br />“Moreover, pandemic-led beaten down segments like retail, transportation and ER&amp;D will make a strong bounce back on low base,” the report said.<br /><br />However, others advise exercising a little caution. “With the US presidential elections approaching and valuation bordering on expensive, we believe the sector could remain sideways in the medium-term. We remain cautiously optimistic on the sector,” said Philip Capital. <br /><br /><table style="border-width: initial; border-style: none; width: 468pt; table-layout: fixed;"></colgroup><tbody><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Company<br /><br /></td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Rally in past one month<br /><br /></td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">TCS<br /><br /></td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">14.82%<br /><br /></td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">HCL Tech<br /><br /></td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">17.48%<br /><br /></td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Infosys<br /><br /></td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">12.29%<br /><br /></td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Wipro<br /><br /></td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">17.7%<br /><br /></td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Tech Mahindra<br /><br /></td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">12.66%<br /><br /></td></tr></tbody></table><strong><br />SEE ALSO:<br /><a href="https://www.businessinsider.in/policy/economy/news/gst-compensation-deadlock-continues-government-to-release-20000-crore-cess-tonight-and-offers-relief-for-small-companies/articleshow/78496779.cms">GST compensation deadlock continues — government to release ₹20,000 crore cess tonight and offers relief for small companies</a><br /><br /><a href="https://www.businessinsider.in/defense/news/the-indian-air-force-is-ready-for-a-two-front-war-with-china-and-pakistan-says-air-chief-marshal-rks-bhadauria/articleshow/78488605.cms">The Indian Air Force is ready for a two-front war, says Air Chief Marshal RKS Bhadauria</a><br /><br /></strong><a href="https://www.businessinsider.in/stock-market/news/tcs-shares-hit-record-high-board-to-mull-over-share-buyback-and-earnings-on-october-7/articleshow/78486980.cms"><strong>TCS' value crosses ₹10 trillion after share price rallies more than 7% ahead of earnings</strong></a><br />

TCS, Infosys, Wipro and HCL Tech expected to announce more deals in the second quarter

<p><div class="KonaFilter image-container display-table"><div><div class="image on-image"><p class="source"><span>FCA</span></p><p class="caption">FCA CEO Mike Manley.</p></div><p></p></div></div></p><ul class="summary-list"><li><strong>FCA's new CEO will reveal a comprehensive new management team for the carmaker's global markets.</strong></li><li><strong>Manley is expected to put an end to persistent discussions about whether FCA would merge with another automaker.</strong></li><li><strong>High on Manley's list will be fixing FCA European business.</strong></li></ul><p>Fiat Chrysler's new boss Mike Manley is expected to unveil his revamped management team on Monday, which will aim to keep the carmaker independent and a contender in the industry's race to develop self-driving and electric cars.</p><p>Manley took over in July after long-time chief Sergio Marchionne fell ill and later died after succumbing to complications from surgery. British-born Manley has since pledged to carry through a strategy Marchionne outlined in June to keep FCA "strong and independent."</p><p>Throughout Marchionne's tenure as CEO, there were persistent rumors and at time outright discussions about FCA merger with another automaker. Marchionne often commented on the miserable overall capital structure of the global auto industry, where technological redundancy is rife and important regions suffer from manufacturing overcapacity.</p><p>One of Manley's key decisions will be the appointment of FCA's next European chief who needs to tackle a region where profitability is below that of peers, many workers are stuck in furloughs and various plants run at below capacity.</p><p>Pietro Gorlier, chief operating officer of FCA's components business, is expected to be chosen for the job, two sources familiar with the matter said.</p><p>FCA declined to comment.</p><p>The carmaker's previous European chief Alfredo Altavilla left after FCA appointed Manley as Marchionne's successor.</p><p>As head of the components unit, Gorlier has also led Magneti Marelli, the parts unit that FCA may either spin off or sell.</p><p>Japan's Calsonic Kansei has been in talks with FCA about buying the unit, other sources have said, but no binding agreement has been reached and the deal could still fall apart.</p><p>Choosing an Italian as head of Europe might soothe some fears in Italy that FCA could weaken its link to Fiat's roots.</p><p>In his last strategy unveiled in June, Marchionne had vowed to convert Italian plants to churn out Alfa Romeos, Jeeps and Maseratis instead of less profitable mass market vehicles to preserve jobs and boost margins. Europe will also become a big part of its electrification drive.</p><p>FCA will copy in Europe what worked in the United States, where it retooled plants to build pricier SUVs and trucks in a move since emulated by bigger rivals Ford and GM.</p><p>Manley is expected to have fewer direct reports than his predecessor, one of the sources said.</p><p>He is also expected to name some managers for the North American operations, notably those who will succeed him at the helm of Jeep and RAM, the two brands that have been driving profits in recent years and remain at the core of growth plans.</p><p>Harald Wester, current chief technical officer and former head of Alfa Romeo and Maserati, will be given a role in that region, one of the sources said, without giving details.</p><p>Manley and his team have big shoes to fill: Marchionne achieved what many thought impossible, most notably his huge gamble just over a decade ago when he set in motion the marriage between the then-ailing Fiat with bankrupt U.S. rival Chrysler.</p><p>It is now the world's seventh-largest carmaker and is debt-free, but not without challenges ahead.</p><p>FCA cut its full-year profit outlook in July, blaming a weaker-than-expected performance in China, a market that represents one of the new CEO's immediate headaches.</p><p>(Reuters reporting by Agnieszka Flak in Milan and Nick Carey in Detroit; Editing by Alexandra Hudson)</p>

Fiat Chrysler's new CEO is expected to dodge merger expectations with new management team

<!DOCTYPE html PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN" "http://www.w3.org/TR/REC-html40/loose.dtd"><html><body><p><div class="KonaFilter image-container display-table"><div><div class="image on-image"></div><p></p></div></div></p><p>Every day, millions of shipments are delivered to every corner of the globe. And when they arrive, the cardboard, plastic, Styrofoam and pallets protecting the goods are thrown away, recycled or stored until they eventually reach a landfill. Few certainly feel comfortable with the waste, nor the time it takes to manage it, yet the investment required for reusable packaging is considerable, and often out of reach to midsize and smaller companies. But with a fresh look at new options, and a closer analysis of current transport packaging strategies, it's still possible to make meaningful improvements without undergoing a total supply chain transformation.</p><h2><strong>The rundown on reusables</strong></h2><p>Reusable transport packaging (RTP) is everywhere. Better-known in freight logistics, RTP it is typically defined as transport containers made of metal, plastic or wood that are used at least five times, and then some. Over <a href="http://packagingrevolution.net/the-2-billion-pallet-man/" rel="nofollow">six million shipping containers</a> passed through the Port of Los Angeles alone from January through September, 2016. There are over <a href="https://www.portoflosangeles.org/maritime/stats.asp" rel="nofollow">two-billion pallets in use</a>, and nearly <a href="http://www.iata.org/whatwedo/cargo/unit-load-devices/Pages/index.aspx" rel="nofollow">a million Unit Load Devices</a> (ULDs) in service by air freight carriers. And although RTP still holds boxes, crates, pallets and dunnage, there is usually less overall waste than if the contents had been shipped in disposable outer packaging.</p><p>[<a href="https://compass.ups.com/eco-friendly-packaging-solutions-for-customers/" rel="nofollow">How to provide eco-friendly packaging solutions to your customers</a>]</p><p>In parcel transport, however, reusable packaging has yet to catch on in a significant way. For starters, a company's brand and image are at stake. While few care if a ULD slides out of a jet bearing dents, scrapes and random stickers, the same cannot be said of boxes or envelopes arriving at a business or home. The receiver, consciously or not, will be concerned about the condition of the contents and may lose trust in the brand. An equally large hurdle is getting those durable assets returned to their rightful owner so they can be put back into service.</p><h2>The financial and physical returns</h2><p>The benefits of reusable packaging can be impressive. In 2015, furniture maker Herman Miller won a Reusable Packaging Association award for an outbound shipping solution that kept an estimated 100 tons of packaging waste out of landfills, and <a href="http://reusables.org/reusables-library/case-studies/" rel="nofollow">reduced material and freight costs by $500,000</a>. Such eye-popping numbers can however distract from the challenges, such as storage, cleaning, maintenance and returns - no small or inexpensive feats.</p><p>"It's easier to make the numbers work for reusable outbound packaging when shipments are sent through a closed transport network [an owned or controlled transportation fleet,]" says Jason Vaughn, Division Manager of UPS Global Distribution Operations. Vaughn adds, "Without a closed-loop method of transport, you'll need a very accurate way to track those assets, whether that's done by you or a third-party. And you'll need a plan for keeping utilization high."</p><p>Illustrating Vaughn's point, global machinery and equipment maker John Deere operates a sophisticated tracking and utilization plan for reusable packaging that ships components, parts and service-parts to plants or dealers around the world. In addition to improvements to safety, product integrity and storage efficiency, the company credited <a href="http://reusables.org/wp-content/uploads/2016/06/John-Deere-Case-Study-12-27-11.pdf" rel="nofollow">85% of its quantifiable savings</a> to reduction in expendable packaging.</p><p>The capital and labor investment required for an RTP program has made "pooling" an attractive option, whereby third-parties own, lease and track the assets on a company's behalf. Companies who more often project a healthy return on the investment are dealing with unique product characteristics, such as high-value or temperature-sensitive goods.</p><p>Add's UPS's Vaughn, "Even if the ROI on reusable packaging won't work for your particular business model, there are other ways to find efficiencies. You might look at incorporating reusable totes or bins in a limited in-house application, or you can work with your logistics provider to reevaluate your current outbound packaging."</p><h2>RTP in the loop</h2><p>If the loop between you, your suppliers or customers is "closed" in the sense that one of you controls the transportation to and from nearby facilities, reusable packaging may be a great fit. Carmaker Honda piloted a program to enhance the tracking and visibility of the reusable containers that move between its Central Ohio production facility and a large supplier. The goal was less to track individual assets but to ensure the supplier has possession of enough containers to <a href="http://automotivelogistics.media/intelligence/packaging-thinking-smarter-outside-box" rel="nofollow">supply parts in a timely and accurate way</a>.</p><p>The Association for Manufacturing Engineering (AME) cites other instances in which reusable and returnable packaging are entering the automotive industry. Specifically, top-tier automotive parts supplier Magneti-Marelli began having their vendor put lighting housings on a rolling rack system that moves from the supplier's factory floor to the Magneti-Marelli facility. The result is <a href="http://www.ame.org/target/articles/2016/will-knock-your-socks-huge-cost-savings-abound-packaging-and-logistics" rel="nofollow">fewer touches and much less disposable materials</a>.</p><p>"One great thing about reusable packaging is that it doesn't have to be an all-or-nothing proposition," says Lea Davis, UPS Packaging Services Manager in Louisville, KY. "There are ways to incorporate elements into a single facility or a certain area of your operations."</p><p>Davis suggests looking at areas of an operation where damages or failures are occurring as an opportunity to consider a change. "In some cases the cost of reusables can be easily recouped in higher throughput or order completion rates. And often in a short period of time."</p><h2>Reduce by rethinking your disposable outbound packaging</h2><p>When major parcel and freight carriers announced pricing based the dimensional weight of a ground shipment under three cubic feet, many shippers reviewed their outbound packaging and adjusted accordingly. Yet in a survey of parcel and freight shippers conducted by Niagara University and DC Velocity, <a href="http://www.dcvelocity.com/articles/20160815-dim-weight-pricingone-year-on/" rel="nofollow">27 percent of respondents</a> said they had taken no action in response to dimensional weight pricing.</p><p>Quint Marini, UPS Package Engineering Manager suggests that companies may be underestimating the power of package re-engineering. "When we engage with customers to evaluate their packaging, we find that many are sending boxes with up to 60% wasted space, and envelopes with up to 30%. Even a small change over time can have significant impact." Marini points to the collaboration between packaging giant Sealed Air and UPS to provide an enhanced suite of packaging design, testing and performance analysis to UPS customers operating in the e-commerce space.</p><p>Says Sealed Air President and CEO Jerome Peribere, "As industries continually strive for increased efficiency and consumer satisfaction, we have the distinct ability to make an impact: on the environment through the elimination of damage and void waste, on cost efficiency by optimizing package dimension, and on customers through an enhanced at-home experience."</p><p><span>Read more about </span><a href="https://compass.ups.com/packaging-design-optimization/" target="_blank" data-saferedirecturl="https://www.google.com/url?hl=en&amp;q=https://compass.ups.com/packaging-design-optimization/&amp;source=gmail&amp;ust=1481753294893000&amp;usg=AFQjCNFemPmXw9sgIAYyUw2_QoecJvHzIA" rel="nofollow"><span>packaging and the supply chain</span></a><span>.</span></p><p><em>This post is sponsored by UPS. To read more from UPS, <a href="http://www.businessinsider.com/unlocking-logistics">click here</a>.</em></p><p><div class="KonaFilter image-container display-table"><div><div class="image"></div></div></div></p></body></html><p class="tagline">Find out <a href="http://www.businessinsider.com/sponsor-posts">more about Sponsor Content</a>.</p>

Is reusable packaging the right fit for your business?

<p><div class="KonaFilter image-container display-table float_right"><div><div class="image on-image"><p class="source"><span>AP</span></p></div><p></p></div></div>Earlier this week, it came out that Apple was kicking the tires on <a href="http://www.ft.com/cms/s/0/523422ba-7ffd-11e6-8e50-8ec15fb462f4.html?siteedition=intl#axzz4L6kqtSP5">buying an existing stake in McLaren</a>, a British automotive company best known for making million-dollar supercars. </p><p>A ton of Apple observers and stakeholders are taking this news as evidence that Apple knows it doesn't have the expertise to manufacture a car, and is looking for a automotive partner to help it build factories and a supply chain. </p><p>Here's two reasons why that's wrong.</p><ul><li>Apple doesn't actually do much manufacturing today. It contracts with firms like Foxconn and Pegatron to build its iPhones and Macs - and people don't think Foxconn is an Apple M&amp;A target.</li><li>McLaren builds its cars by hand. Apple products are built at scale. A former Apple engineer currently in the automotive industry told Business Insider recently that Apple wouldn't be interested in a production process with lots of individual hands-on work. </li></ul><p>What's most likely if Apple does decide to build a car is that it will need a key manufacturing partner - several, actually.</p><p>Apple will need the automotive equivalent of Samsung or Foxconn to build its car. It will need suppliers to provide things like electric motors, electronic components, and assembly services. And it will need those parts in high volume. </p><p>Apple could dip into some of its over $200 billion in cash to start the process. In the past, <a href="http://www.bloomberg.com/news/articles/2013-11-04/apple-to-build-plant-in-arizona-with-2-000-workers-to-make-parts">Apple has spent generously</a> to build facilities to lease back to its key suppliers, which might not have had the capital to build the factories on their own. <a href="http://www.wsj.com/articles/japan-display-may-build-new-factory-in-japan-to-supply-apple-1424408233">It's also reportedly financed facilities</a> for companies that make key components for the iPhone. </p><p>So who might Apple work with? Morgan Stanley recently distributed a list of 30 companies that it thinks is best positioned to take advantage of the coming electric and driverless car waves - the same waves it looks like Apple is looking to ride.</p><p>Here are a few companies that Apple might need to work with to build a car: </p><h2>Magna</h2><p><div class="KonaFilter image-container display-table"><div><div class="image on-image"><p class="source"><span>Markus Leodolter/AP Images</span></p></div><p></p></div></div></p><p>Magna is the name that comes up most often when discussing Apple's car project, and for good reason. Magna is the world's largest contract manufacturer of vehicles, using its plants to make cars to specifications for brands like BMW and Mini. </p><p><a href="https://www.bloomberg.com/features/2016-magna-international/">Magna is reportedly already working</a> with Apple, according to a new feature in Bloomberg about the Canadian-headquartered company. About a dozen Magna engineers are working with Apple in its secretive<a href="http://www.businessinsider.com/everything-we-know-about-project-titan-the-apple-car-2016-7"> Sunnyvale, California</a> car facilities. </p><p>"We believe Magna-Steyr is in a singular position to help new entrants who may want to 'make' their own cars by playing a similar role to what Foxconn does today for Apple in the smartphone industry," Morgan Stanley advises. </p><p>Magna could easily be Apple's "Tier-1" partner. </p><h2>Mobileye</h2><p><div class="KonaFilter image-container display-table float_right"><div><div class="image on-image"><p class="source"><span><a href="http://us.mobileye.com/mobileye-560/">Mobileye</a></span></p></div><p></p></div></div></p><p>Mobileye has been in the headlines recently because the company is <a href="http://fortune.com/2016/09/15/tesla-mobileye-partner-cameras/">publicly feuding</a> with its former customer, Tesla, and its famous CEO, Elon Musk.</p><p>But the spat underlines the fact that Mobileye is a key player in the hardware and software powering autonomous driving features on the road today. </p><p>Morgan Stanley describes it as a "primarily software-driven business model specializing in proprietary algorithms for vision systems for cars." It's a "Tier-2 supplier," which means it would supply parts to the OEM that would assemble the final product, and Morgan Stanley says it has "few, if any, direct peers."</p><p>Mobileye says it has 80% of the auto vision market. Apple might make its own computer vision software, but there's a chance it decides what Mobileye is offering off-the-shelf is just as good and perhaps better. </p><h2>Delphi Automotive</h2><p>Delphi is a British company that makes automotive parts. Lots of automotive parts. It's a massive company that has 161,000 employees.</p><p><div class="KonaFilter image-container display-table float_right"><div><div class="image on-image"><p class="source"><span>Delphi</span></p></div><p></p></div></div>If cars to go an OEM-driven business model where much of the value is captured by software and design firms like Apple or Google, Delphi could be a big winner. "Delphi is one of the few global suppliers that can leverage secular technological shifts in the auto industry to become a 'mega supplier,'" writes Morgan Stanley. </p><p>The company "stands to benefit significantly from the emergence of fully outsourced business models of OEMs, driven by ... importance of software in vehicles," the note continues. </p><p>Someone's going to need to build brakes and suspensions for Apple's car, and Delphi is certainly a possibility. </p><h2>NXP Semiconductors and Nvidia</h2><p><div class="KonaFilter image-container display-table float_right"><div><div class="image on-image"><p class="source"><span>NVIDIA</span></p></div><p></p></div></div>Someone's going to have to design and make the car computers that collect data from all the sensors a self-driving car is equipped with - the cameras, the radar, and the LIDAR. </p><p>NXP Semiconductors is one of the leaders in this field, along with Nvidia, a company best known for making graphics cards for gamers. NXP says "four of the world's top five automakers" are using its chips. </p><p>However, there's a good chance that Apple will want to design its own car computer, after all, designing silicon is one of Apple's deepest strengths.</p><p>But to get there, there's always the possibility that Apple will buy a chip company to kickstart its division, like it did with <a href="https://en.wikipedia.org/wiki/P.A._Semi">P.A. Semi in 2008</a>. </p><h2>Tesla Motors</h2><p><div class="KonaFilter image-container display-table"><div><div class="image on-image"><p class="source"><span>Kif Leswing/Business Insider</span></p></div><p></p></div></div></p><p><a href="http://www.businessinsider.com/apple-should-buy-tesla-2014-11">It just makes sense</a>! Tesla makes an Apple-inspired electric car, but is short on money. Apple wants to make an Apple-style electric car, and has piles of money.</p><p>Apple probably wouldn't invest in Tesla. But it could buying it. The purchase would mean that Apple would buy Tesla's factories, which is something it might be reluctant to do. But Apple could find a use for the Tesla factory in Fremont, California. </p><h2>Bosch</h2><p>Unless there's a patent that Apple hasn't revealed, it's not building its own electric motors. German electronics giant Bosch makes electric motors, and Apple has poached Bosch automotive engineers in the past. </p><p>Especially with the rumors that Apple is doing a lot of its car operations in a base in Germany, it makes sense that Apple would look to an electric motor supplier based in Germany. <a href="http://www.autocar.co.uk/car-news/industry/how-apple-icar-could-crack-automotive-industry">Autocar fingers</a> Bosch and ZF as possibilities. </p><h2>Bonus: Samsung! </h2><p><div class="KonaFilter image-container display-table float_right"><div><div class="image on-image"><p class="source"><span>Thomson Reuters</span></p><p class="caption">The logo of Samsung Electronics is seen at its headquarters in Seoul</p></div><p></p></div></div></p><p>Samsung is one of Apple's key supplier for the iPhone and iPad - it fabricates Apple's chips, makes some of Apple's displays, <a href="https://9to5mac.com/2016/01/14/samsung-apple-oled-supplier/">and may make even more</a> of Apple's displays next year. </p><p>Although Morgan Stanley doesn't say Samsung is one of its target companies for electric cars, it's been making moves so that it can be a major supplier for auto parts. Earlier this year, <a href="http://www.bloomberg.com/news/articles/2016-08-03/samsung-said-in-talks-to-buy-assets-of-fiat-auto-parts-unit-ireppnz7">Bloomberg reported</a> that Samsung was in talks to buy Fiat's auto-parts unit, Magneti Marelli, which makes lighting, in-car entertainment and telematics systems. </p><p>The deal hasn't been confirmed yet, but Samsung has made no secret about its desire to become an auto parts giant. It has a team that's working on components and autonomous driving, and last year it bought a big stake in a Chinese electric car company.</p><p>The road to the Apple Car might end up going straight through Samsung. </p>        <div class="margin-top">        <h3>NOW WATCH: <a href="http://www.businessinsider.com/apple-iphone-7-samsung-galaxy-s7-specs-comparison-2016-9">Here's how the iPhone 7 compares to the Samsung Galaxy S7</a></h3>        <div>            <div>        <div class="ooyala-video-player" data-video-autoplay="false" data-video-id="5keHFyNTE6SqBngTPWssX0hJ0WhONuNJ" data-player-variable="ooyalapopvideo" id="ooyalaplayer_popvideo" style="width:1280px;height:720px"></div>        </div>        </div>            </div>

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