Having a sustainable business model is what keeps a company going through both good and bad economic times.
"It's not an easy time," MBtech Group President Hartmut Tresp said during the company's Tuesday afternoon press conference. But Tresp stresses that opportunities exist for the engineering and consulting company with 2,700 worldwide employees.
In North America, MBtech is celebrating its 10th anniversary. "We're here to stay," Nigel Francis, Vice President, Vehicle Engineering for MBtech North America said. Along with vehicle engineering and consulting services, MBtech's brand is focused on powertrain and electronics solutions.
Weathering the current economic storm is just part of doing business. "We've always been conservative as a company, so right now we are in good shape," said Francis. "What's most important for us during the [economic] storm is to maintain our direction and to maintain a perspective: the storm won't be here forever."
The company is hiring. "We have a front door and a back door," Francis said. "Every company has a front door and a back door. The front door is still open, and that's very encouraging." With 90-plus percent of MBtech business in the transportation industry—passenger vehicles, trucks, and buses—being able to stay on track is key to business survival.
"We're very well established. Let me make an analogy with building a house. If you build a house properly, it takes a lot of time. It also takes a lot of time to dismantle it. Our house is built on solid foundations with very strong bricks and very strong mortar," Francis said.