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Displaying items tagged: IHS Automotive

Sunday, 29 October 2017 11:59

Lack of available workers begins to hit manufacturing output

While countless manufacturers throughout West Michigan have lamented the lack of available talent, evidence shows the workforce constraint has finally affected the industry’s ability to grow.

Published in Manufacturing
Sunday, 05 February 2017 16:13

Ripple Effects: West Michigan auto suppliers capitalize on push for advanced technologies

As the automotive industry pursues cutting-edge technological breakthroughs in autonomous driving and vehicle electrification, West Michigan suppliers must ensure they’re not left behind. 

Published in Manufacturing
Sunday, 08 January 2017 15:21

Oil and gas spurs renewed optimism among West Michigan manufacturers

After a strong 2016, most West Michigan manufacturers are looking ahead to this year with optimism that they will continue to grow as the economy expands. 

Published in Manufacturing

Sunday, 25 December 2016 20:41

With U.S. auto industry at its peak, suppliers should prepare for sales plateau, Wall says

While some industry professionals have raised concerns over subprime lending, rising inventories, incentives and other trends pointing to a downturn in the automotive cycle, the industry should remain healthy in the coming years. That’s according to Mike Wall, director of automotive analysis at IHS Automotive in Grand Rapids, who forecasts North American light vehicle production to close at 17.8 million units this year. While 2017 production is projected to slide to 17.6 million units, he expects it will inch up to 18 million units in 2018 and peak at 18.7 million units in 2020 as new facilities in Mexico come online. Wall spoke with MiBiz about what automotive suppliers in West Michigan should expect in the new year. 

Published in Economic Development
Sunday, 21 August 2016 14:10

Suppliers find opportunity in gradual shift to EVs, autonomous technology

Lower fuel prices may have shifted consumers’ buying habits toward trucks and SUVs, but most automotive suppliers believe electric vehicle technology is here to stay. 

Published in Manufacturing
Sunday, 21 August 2016 14:08

Held back by lower incomes, millennials put off new car buying as price tags rise

To move beyond a looming sales plateau, automakers will need to appeal to the generation they’ve long-feared prefers car-sharing services and cycling to owning automobiles. 

Published in Manufacturing

Sunday, 07 August 2016 12:59

Blackford Capital moves into automotive market with latest acquisition

GRAND RAPIDS — After purposely avoiding deals in the automotive industry, private equity firm Blackford Capital has shifted its strategy with the acquisition of a Southeast Michigan supplier.  

Published in Manufacturing
Sunday, 10 July 2016 13:19

Brexit adds uncertainty for West Michigan manufacturers

British voters wanted to send a message with the Brexit vote, and it was certainly heard loud and clear by manufacturers in West Michigan. 

Published in Manufacturing
Sunday, 01 May 2016 12:09

Team 1 Plastics eyes conservative growth to navigate shifting automotive trends

ALBION — Over the last decade and a half, Team 1 Plastics Inc. avoided expanding its facility until absolutely necessary, choosing instead to maximize every square inch of its shop floor. 

Published in Manufacturing

Sunday, 01 May 2016 12:06

Manufacturers remain bullish on EVs despite flight to trucks and SUVs

Automakers have witnessed a resurgence in interest for trucks and SUVs as gasoline prices continue to hover around $2 per gallon in many areas of the country. 

Published in Manufacturing
Friday, 11 March 2016 11:26

West Michigan auto suppliers need to stay abreast of next downturn, experts say

As West Michigan automotive suppliers race to meet customers’ orders in what’s expected to be another banner year in 2016, those companies must also keep their eyes forward and prepare for the next downturn in the business cycle.

Published in Breaking News
Sunday, 07 February 2016 23:34

Impending sales plateau forces automakers to focus on mobility options

The movement of people back to urban areas and the onslaught of new transportation options has forced traditional automotive manufacturers to take notice and plan for the future.

Published in Manufacturing

Sunday, 07 February 2016 23:31

EVs continue to underperform in present era of cheap oil

Despite a growing number of plug-in electric vehicles on display at this year’s North American International Auto Show in Detroit, industry analysts say the segment has failed to reach the “aspirational” levels many had hoped.

Published in Manufacturing
Sunday, 07 February 2016 23:25

West Michigan automotive suppliers respond to frenetic increase in new model launches

Automakers’ desire to quicken the pace of new vehicle launches has sent shock waves through the industry’s supply chain.

Published in Manufacturing