Why KPIT Tech stock crashed as BMW, Volkswagen spending cuts bite; what should investors do now?
The slowdown and spending cuts at European auto giants such as BMW and Volkswagen have highlighted a key risk for engineering and R&D firms such as KPIT Technologies: customer concentration and the cyclicality of automotive technology spending.
The slowdown and spending cuts at European auto giants such as BMW and Volkswagen have highlighted a key risk for engineering and R&D firms such as KPIT Technologies: customer concentration and the cyclicality of automotive technology spending.
What's Your Reaction?
:max_bytes(150000):strip_icc()/GettyImages-2187410260-5afe56694791404f99c253dd8d5abe6a.jpg?#)
