Innovation propelling M&A intent to record levels

All signs are pointing to increased merger and acquisition (M&A) activity for the automotive industry, spurred on by the drive for constant innovation as well as growing confidence in the global economy. In the latest EY Automotive Global Capital Confidence Barometer survey, 70% of executives indicated that they plan to pursue an acquisition within the next 12 months. This is a notable increase from the 51% figure seen just six months ago and in fact marks the highest rate seen in the biannual survey since it began six years ago.