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ECG calls for new financing to support market recovery
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ECG, representing European finished vehicle logistics providers, launched a report in order to assess the sector's financial solidity and credit-worthiness. "Our sector had a tough time since the fourth quarter of 2008, but it resisted pressure well and reacted nimbly to changing circumstances. We expect to see recovery this year and steady growth in the years ahead. We'll have to invest between 4 billion and 7 billion EUR, simply to replace existing assets. But banks are reluctant even to reassess our creditworthiness.", said Constantino Baldissara, ECG's president.
The report was prepared from independant data and shows that the finished vehicles logistics sector does not depend solely on cyclical new cars sales. It also highlights how geographicfal flexibility helps to sope with changing demand, in moving assets from one region to another.
| 17/03/2010 | Claude Yvens
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