Automotive suppliers in Germany are finding it more difficult to obtain bank loans. This was revealed by a survey of 74 suppliers conducted by the consultancy firm Oliver Wyman and the German Association of the Automotive Industry (VDA), the results of which were published in the German newspaper Welt am Sonntag. According to the survey, two thirds of the companies stated that it had become more difficult to obtain bank financing over the past three years. In addition to higher interest rates, the banks also demanded more collateral or shorter terms. The rise in financing costs is hitting comp…