Automotive Industry Outlook: Navigating Disruption in a Time of Industry Transformation
As countries around the world continue to balance vaccine deployment and COVID containment, it is clear that the pandemic is far from over. In the middle of the ongoing public health crisis, the auto industry continues to recover from the twin shocks of COVID-related production shutdowns in 2020 and the subsequent supply chain disruptions which were particularly impactful in 2021 and still impact the industry today.
Additionally, the auto industry faces accelerated transformational change towards an electrified future driven by the intensification of green policy initiatives by governments around the world. The timetable for change is increasingly led by legislation rather than consumer preference.
Lastly, Stellantis has issued new 2022 purchase agreement terms. The new terms are significantly different from the prior terms, almost without exception, in ways less favorable to the Seller.
Mike Wall, Executive Director, Automotive Analysis at IHS Markit will review the latest macroeconomic outlook and offer a high level global sales and the production outlook and an assessment of the ongoing supply chain challenges affecting the industry. In addition, he will provide a deeper dive review of US light vehicle sales and North American light vehicle production as well as a discussion of powertrain and electrification trends.
Everardo Tapia, Associate, Butzel Long will give a brief overview of the significant changes to the Stellantis purchase agreement terms that may affect your company.
Beth Gotthelf, Shareholder, Butzel Long and Vice President of the Michigan Chapter of NASF will moderate the webinar.