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Innovation drives success

Monday, October 17, 2016

Quality and vision trump size in the UK auto industry.

For small businesses looking to grow, there can be many roads to success.  Those that have become suppliers for large automotive companies offer great examples of how to innovate, diversify and find new clients.

More than 2,350 companies operate in the UK's automotive sector, the majority of which are small and medium-sized businesses in the supply chain and aftermarket, according to the Society of Motor Manufacturers and Traders.  Their agility and ability to specialize have resulted in many of them becoming leaders in the sector.

Sevcon is one small business that has led the way in industry innovation and growth.  The Gateshead-based company has made electric vehicle controls since 1961. But in 2008, in the midst of the economic downturn, it needed to expand its customer base and decided to look into tweaking its technology for use in passenger cars.

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Source: Costco Connection

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