Why it matters: Electric vehicles are in the spotlight as cheaper versions come onto the market but there are still 8 million SUV’s, utes and 4WDs with petrol or diesel engines.
Ryco is one of the businesses owned by the $1.7 billion ASX-listed GUD Holdings.
Ryco has been around since 1936 and some of its products are tested under extreme conditions in V8 Supercars races.
Electric vehicles are slowly making headway in Australia, with about a sixth of all new vehicles sold in Australia being either full battery electric or a hybrid version.
But there are still more than 8 million SUVs, utes and four-wheel drives on Australia’s roads with petrol or diesel-powered engines. Automotive component makers are accelerating their push to develop parts that can make them as efficient as possible.
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Simon Evans writes on business specialising in retail, manufacturing, beverages, mining and M&A. He is based in Adelaide. Connect with Simon on Twitter. Email Simon at simon.evans@afr.com
