Bosch ranked first, followed by Denso Corp. ($43.fifty seven billion in world sales to automakers), ZF Friedrichshafen ($39.three billion), Magna and Aisin Corp. ($33.forty eight billion). Margins on suppliers’ earnings earlier than interest, taxes, depreciation and amortization had typically stood between 11 and 12 percent before 2019, whereas automakers’ clocked in at around 10 p.c, based on Wakefield. In 2021, automakers were at 13 % EBITDA margins, whereas suppliers had been “simply clawing their means” again as a lot as eleven percent, he stated.
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