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Recovery at North East automotive firm Gestamp Tallent

Accounts for one of the North East’s largest automotive suppliers show how the key sector is bouncing back after a difficult few years but still facing a range of challenges.

Gestamp Tallent has seen growth in revenues after a difficult few years in which the automotive sector was hit first by the Covid pandemic and then the ensuing global shortage of semiconductors, as well as the cost-of-living crisis.

Gestamp – which employs more than 1,800 people at its plant in Newton Aycliffe, County Durham – saw revenues increase to £390.1m, though its operating losses widened to £26.1m.

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