New Car Sales for May 2018: Winners and Losers
Led by strong Jeep sales at Fiat-Chrysler and smaller gains at Ford, Honda, Hyundai-Kia and the VW brand, U.S. new-vehicle sales jumped 4.7 percent last month behind robust light-truck demand and holiday deals. It is the third increase in monthly sales this year. The seasonally adjusted, annualized sales rate for May totaled 16.91 million, according to the Automotive News Data Center, down from a pace of 17.21 million in April but up from May 2017’s 16.82 million rate.
Analyst: General Motors Stock will Double in the Next Two Years
Share prices of General Motors could double in the next two years, said Christopher Susanin of Levin Capital Strategies, a New York-based investment management firm. "We think there's about $30 of hidden value that [is] mispriced in the stock across three buckets, each worth about $10 a share," Susanin said Friday on "Closing Bell."
SUV and Pickup Fever: U.S. Auto Sales Beating Expectations So Far in 2018
Source: USA Today
Encouraged by a strong job market and vibrant housing sector, shoppers showed last month that they are shrugging off increasing interest rates and buying new vehicles at a steady clip. U.S. new-vehicle sales appear to have risen in May as the auto industry gets a better-than-expected start to the year, based on reports from automakers.
Auto Industry Developing Safety Systems to Protect Sleepers
Source: Ward’s Auto
Interior concept designs for tomorrow’s self-driving vehicles include seats that fully recline and rotate so occupants can face each other like sitting around a campfire. It’s a far cry from the forward-facing seat configuration of today. But how will the auto industry protect future autonomous-vehicle occupants who instead of driving are, say, napping or otherwise relaxing in various positions. Will his company need to develop the “yoga airbag”? asks Scott Dershem, automotive safety supplier Autoliv’s vice president-engineering development.
Auto Industry, Elected Officials: Trump’s Auto Tariffs Are a Bad Idea
Auto industry leaders and Tennessee elected officials, who have experience working with car makers, said that tariffs on imported cars, trucks and auto parts—which President Donald Trump is considering—would be damaging. Edmunds Manager of Industry Analysis Jeremy Acevedo said that imposing the tariffs would mean a hit to automakers’ bottom line at a time when the market is already more competitive than ever.
Benchmarking Plastics Processors: Know Your Competitive Set
For over 20 years, plastics processors have relied on the competitive insights and analysis of Plante Moran’s North American Plastics Industry Study (NAPIS). Companies that complete the survey receive a customized, free, and confidential benchmarking report that can influence success well-beyond the top of the cycle.
Five Out of Six NA Automakers’ Scores Drop in Annual Supplier Working Relations Study
Five of the six major automakers manufacturing and selling vehicles in North America fell in their annual supplier relations rankings, according to the results of the 18th annual North American Automotive OEM - Supplier Working Relations Index® Study conducted by Planning Perspectives, Inc., Birmingham, MI.
The annual study shows Nissan in last place, continuing its dramatic four-year slide to its all-time low in supplier relations since the study began in 2002. That’s significantly below FCA US in fifth place which also continued its downward slide to its lowest ranking in eight years. Ford, after eight years of mixed results, fell to the borderline of Poor relations, its lowest point in nine years.
Conway MacKenzie Opens Office in Downtown Grand Rapids
Conway MacKenzie, a leading global management consulting and financial advisory firm, announced the opening of its new downtown Grand Rapids, MI office.
Conway MacKenzie Managing Director Steve Conley will lead the Grand Rapids office. Conley brings over 25 years of experience working with international and domestic companies, both private and public, in various start-up, turnaround, stable and high growth situations. He also has significant expertise in process improvement.
“As the Grand Rapids market continues to thrive, so does our firm,” said Steve Wybo, Senior Managing Director who oversees Conway MacKenzie’s operations in the Michigan market. “We are committed to continuously providing value to our clients from this epicenter for business. We are greatly looking forward to working even more closely with the west Michigan marketplace and community, and believe that Steve Conley is a great addition to our team to lead our efforts on the west side of the state.”
Over the past year, Conway MacKenzie has added 30 client services professionals to its growing team in 11 markets while launching two new service line offerings. The firm will continue to actively add to the Grand Rapids team in 2018.
FCA Boss Sergio Marchionne Admits He Doesn't Know Everything, Which is Why He's So Smart
Sergio Marchionne is the kind of guy who could walk into a revolving door behind you, and come out ahead. The charismatic CEO of Fiat Chrysler Automobiles has proven again and again that seemingly insurmountable problems can be turned around by setting clear objectives, maintaining a solid grip on reality and employing shrewd bargaining skills. He knows his company's limitations and, more importantly, how to leverage others' sweat equity to his advantage.
SAA Thanks its Sponsors
The SAA would like to thanks its corporate sponsors. Please visit their sites and learn how they can help your company.
Pante Moran – Click here for more information
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Canadian Consulate General – Click here for more information
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