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The Latest SAA Newsletter

Register Now for Pathways to Growth in M&A Activity

Receive an update on the state of mergers and acquisitions in the automotive industry on May 21, 2019 at Pathways to Growth in M&A Activity, which will be held at the Detroit Athletic Club. The event includes a cocktail/networking reception. Hear from experts on:

  • What makes the auto sector attractive to private equity and other investors?
  • How is the automotive industry valued with all the uncertainty and risk of future technologies and innovations?
  • As we go from gas combustion to electric vehicles, onslaught of autonomous vehicle innovations, and the move from hardware to cloud-based solutions, how is Wall Street and the financial community evaluating?
  • What should supply base do to strengthen product portfolios, market positions and balance sheets?

Click here to learn more, see the speaker line-up and to register.

 

Meet OEM Purchasing Execs and Their Staff at 10th Annual OEM Purchasing Executives Summit

SAA’s popular OEM Purchasing Executives Summit will take place June 18, 2019 at Faurecia. Registration is now open.

Plante Moran’s David Andrea will present results of the 2019 North American Automotive OEM Tier 1 Supplier Working Relations Index Study. The 2019 North American Automotive OEM-Tier 1 Supplier Working Relations Index Study for the first time will include year-end financial data for all six OEMs which will help demonstrate the correlation between working relations and financial performance.

Andrea’s comments will be followed by comments from six OEM executives. An extended Q&A will follow the executives’ remarks. You can propose questions when registering for the event. Attendees will be able to meet with the speakers and members of their staff during the networking break and prior to and after the Summit.

Click here for more information and to register.

 

New Plante Moran Podcast Reviews the Future of Mobility

Are you prepared for the auto industry’s reinvention? Our discussion explains the convergence of the major mobility trends — autonomous vehicles, Mobility as a Service (MaaS), and electrification — as well as planning considerations to help you effectively manage through the transition.

Click here for the free Plante Moran podcast.

 

The Auto Industry is Leading a Slowdown, Says Strategist

Source: CNBC

Tim Holland, global investment strategist at Brinker Capital, and Greg Hahn, chief investment officer of Winthrop Capital Management, join "Squawk Box" to discuss the latest earnings reports.

Click here for the rest of the article.

 

Falling Mercedes-Benz Sales Are More Bad News for Auto Industry

Source: Bloomberg

Daimler AG said its financial targets have become harder to achieve after a tough start to the year, forcing the auto manufacturer to step up efforts to drive down costs. The Mercedes-Benz maker’s first-quarter profit slumped 16 percent after a decline in deliveries combined with the rising cost of developing new models. While earnings met analyst estimates, Chief Executive Officer Dieter Zetsche said the results fell well short of the company’s expectations.

Click here for the rest of the article.

 

Sedans are Dead? Not So, According to Some Automakers

Source: ABC Radio

Sport utility vehicles are everywhere: on the streets, in dealer showrooms or spinning on turntables at auto shows. If consumers look closely, however, they’ll discover that sedans — those traditional, four-door passenger cars long declared dead by the auto industry — are making a stealth comeback.

Click here for the rest of the article.

 

Waymo Factory Plan in Detroit Spotlights Talent Needs

Source: Automotive News

When Silicon Valley made its foray into autonomous and electric vehicles, there was a palpable fear in certain corners of Michigan that the state's primary economic engine would be usurped and carried away. That hasn't materialized. If anything, companies in both locations have better recognized the value of each other's contributions to the overall industry.

Click here for the rest of the article.

 

Ford is Making its Own Electric Truck, So Why is it Investing in Rivian?

Source: Fortune

Ford Motor Company is investing $500 million dollars into Rivian, a Michigan-based electric vehicle (EV) startup and will use the company’s unique battery architecture to develop a yet unnamed vehicle. For Ford, it’s an additional investment into electrification on top of the $11-billion dollars its spending to build a comprehensive EV product portfolio.

Click here for the rest of the article.

 

How Automakers, Tech Companies Can Turn Driverless Plans into Dollars

Source: Detroit News

As driverless cars move closer to reality from science fiction, there's a new competition: the race to a business case. Self-driving cars are often heralded as the future of the century-old automotive industry, with the potential to change fundamentally the way companies make money. Meantime, hefty support from investors has spurred a years-long contest between automakers, startups and Silicon Valley tech companies to deploy the first commercial fleet of driverless cars — and begin to reap the financial rewards.

Click here for the rest of the article.

 

Auto Industry Consolidation to 'Focus on Selective Alliances'

Source: Just-Auto.com

Ratings agency Fitch says that selective alliances are likely to be a medium-term alternative to full-scale mergers and mega acquisitions to support automotive manufacturers' credit profiles.

In a report the agency says it expects such partnerships to be beneficial to business profiles, cost structures and cash generation, notably through investment sharing, and less detrimental to financial structures and management time.

Click here for the rest of the article.

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