New Webinar Announcement: How Waymo is Building the World’s Most Experienced Driver
Patrick Cadariu will discuss how Waymo is building the world’s most experienced driver, the Waymo Driver, which includes state-of-the-art hardware and advanced software integrated as a seamless, single system into their vehicles at the Waymo Detroit assembly facility.
The webinar will take place June 17 at 11:00 a.m. (EDT).
Hear from (and Virtually Meet) Purchasing Executives at the 11th Annual OEM Purchasing Executives Summit
SAA, in partnership with OESA, will co-host the OESA/SAA 2020 Purchasing Summit on June 25, 2020. The online event feature a presentation of the 2020 North American Automotive OEM-Supplier Working Relations Index Study® (WRI®), along with comments by purchasing executives from GM, Ford, FCA, Toyota, Nissan and Honda.
Attendees will gain a better understanding of:
- Which OEMs are improving relations with suppliers and which are falling behind
- How communication, assistance, friction, and financial practices drive relationships
- How suppliers should utilize the WRI® data in creating OEM commercial strategies
- How relationship dynamics vary across purchasing groups, specifically new EV activities
- How customer-supplier relations provide opportunities in industry-wide crises
Following a report out of the 2020 WRI®, a panel representing FCA, Ford, GM, Honda, Nissan and Toyota will discuss their key takeaways from the study, supplier relations activities within their companies and respond to questions from the attendees.
Following the panel, a virtual networking session will take place with representatives from each OEM. Attendees will receive more information about this service after registering.
The event is sponsored by Plante Moran.
Aon and We Predict to Host Webinar on Warranty Risk Management Solutions on June 24
These are certainly challenging times for the automotive industry. Demand is uncertain, production schedules are unpredictable and the financial picture is very blurry. Times like these require innovative solutions and the ability to add some certainty back into your operations. We Predict and AON are pleased to present a unique financial solution to mitigate risk and add some flexibility back into your financials. We Predict offers industry leading predictive analytics around component failures which are backed by Munich Re insurance allowing companies to potentially release funds from their warranty reserves or more tightly manage their accruals. This more accurate view of the future combined with financial risk mitigation is the right solution for the right time.
The free webinar on June 24 will begin at 1 p.m. (EDT). Click here for more information and to register.
North American Automakers and Suppliers Return to Work Amidst Uncertainty
The Detroit 3 (FCA, Ford, GM) and their international counterparts and suppliers with manufacturing and assembly in North America have started to return to life this week after a two-month lockdown due to the novel coronavirus (COVID-19). The automakers have redesigned assembly lines and added additional training for autoworkers in an increased effort to avoid additional outbreaks of COVID-19 that could throw off production for a second time. Although plants are coming back online, additional precautions are leading to fewer shifts and slower rate of production, which in the near term is exactly what the industry needs to ensure they are making the right models (that consumers want) and not filling up lots with models that will have to be heavily discounted down the road.
U.S. Auto Sales in May Encourage Detroit Plan to Rebuild Inventories
Several automakers on Tuesday reported stronger-than-expected May sales in the United States, and the Detroit automakers said they will work through their annual summer shutdowns to rebuild inventories as demand recovers from coronavirus shutdowns. The U.S. auto sector has reopened assembly plants following the shutdown and automakers that reported May sales said they saw signs of recovery in consumer demand.
Plante Moran On-Demand Webinars Gets You Updated on the “Great Restart”
Plante Moran offers free, on-demand webinars that examine critical issues for the automotive industry’s “Great Restart.” Check them out.
- COVID-19 webinar: Planning for the “Great Restart”
- IT & cybersecurity after COVID-19: Planning for the “Great Restart”
- Customer demand and supply chain impact post-COVID-19: Planning for the “Great Restart”
Infected Workers and Supply Shortages: Why America's Auto Industry is Slow to Restart
The U.S. auto industry’s coronavirus comeback plan was pretty simple: restart factories gradually and push out trucks and other vehicles for waiting buyers in states left largely untouched by the virus outbreak. Yet the return from a two-month production shutdown hasn’t gone quite according to plan. For some automakers, full production has been delayed, or it’s been herky-herky, with production lines stopping and starting due to infected workers or parts shortages from Mexico and elsewhere.
China Auto Sales Growth Seen for Second Straight Month, Boosting Recovery Hopes
China’s vehicle sales are estimated to rise 11.7% on year in May, its top auto industry body said on Tuesday, cementing hopes of a recovery in the world’s biggest auto market with the first back to back monthly sales increase in about two years.
Toyota Estimates May U.S. Auto Sales Were ‘Beyond Expectations’ But Still Down Due to Coronavirus
Toyota Motor estimates that U.S. sales of new vehicles in May were “beyond expectations” but still down compared with a year ago due to the coronavirus pandemic. Bob Carter, executive vice president of sales for Toyota Motor North America, said the pace of sales picked up in May, averaging 12 million vehicles on an annualized basis. That means if the same number of vehicles were sold every month throughout the year, that would be the industry’s total sales for 2020. That compares with an annualized sales rate of 8.6 million vehicles in April.
Auto Sales Opportunities During and After COVID-19
Source: Wards Auto
Uncertainties remain about what life “after” the COVID-19 crisis will bring. Disruptions in the auto industry and wider economy will begin to recede as lockdowns continue to end – but some changes will likely remain. Simply put, the return to “normalcy” and venturing back out to open businesses will depend on both consumers’ comfort and their financial situations. Dealers need to be proactive in their recovery efforts to maximize their ability to compete in a marketplace that has profoundly changed.
How the Pandemic will Speed Up Some Trends, Stall Others
Source: Automotive News Europe
The coronavirus outbreak has the potential to reshape the auto industry in ways that go far beyond the short-term effects on sales and production. As automakers groan under the load of fixed costs with little or no revenue, investments in future trends such as self-driving cars have been trimmed or refocused.
June 23 Webinar: An Update on the North American International Auto Show and Future Plans
The Automotive Press Association (APA) has invited SAA members to attend a free webinar that will provide updates on the North American International Auto Show (NAIAS) and the North American Car and Truck of the Year Award (NACTOY) program. Speakers include Rod Alberts, DADA and NAIAS Executive Director, Doug North, NAIAS Chairman, and Gary Witzenburg, NACTOY President.
This is a free webinar but registration is required. Register by clicking here.
COVID-19 and the Automotive Industry: Just How Bad Is It?
Source: The National Law Review
Automotive plants and their suppliers are slowly starting to come back online not just in the United States, but in North American and around the world. As we enter this next post-quarantine phase, we must consider what is in store for the automotive industry for the remainder of 2020. Let’s start with the not so good news: sales. They are going down. They were expected to go down before the pandemic, but now they are expected to be drastically down.