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“Automakers have been in a place to raise prices, however suppliers have had a tough time raising costs and are less capable of absorb these costs.” Margins on suppliers’ earnings earlier than curiosity, taxes, depreciation and amortization had sometimes stood between 11 and 12 p.c before 2019, whereas automakers’ clocked in at round 10 percent, based on Wakefield. In 2021, automakers had been at thirteen percent EBITDA margins, while suppliers were “just clawing their means” back up to eleven p.c, he stated.