Displaying items tagged: IHS Markit
Time of distress? Concerned auto suppliers seek turnaround help as challenges mount
A turbulent period full of major disruptions for the automotive industry has translated into business doubling for Conway MacKenzie Inc., a Birmingham, Mich.-based turnaround firm.
Top of the Cycle - Suppliers, economists express concern, some optimism about auto industry’s future
ACME — After an extended period of growth, vehicle sales have started to cool at a time when industry-wide uncertainty is hampering manufacturers’ optimism.
Automotive supplier roundtable - Heightened uncertainty tests resiliency for automotive suppliers
So far this year, West Michigan-based automotive suppliers have endured the fallout from supply chain disruptions, wrestled with rising costs related to steel and aluminum tariffs and struggled to fill open positions at their factories.
Q&A: Mike Wall, IHS Markit
With the automotive market performing slightly ahead of expectation for the year, IHS Markit analyst Mike Wall pinpoints trends that will keep projections positive for the rest of 2018. So far this year, Wall said news in the industry has been “interesting,” as some automakers phase out sedan nameplates to focus on trucks and crossovers, while others move “heaven and earth” to source components after a major supplier fire. In an interview with MiBiz, Wall shared his insights into the automotive industry.
4 industry perspectives on how automation is reshaping manufacturing
Spurred on by tax reform, a need for innovation and the current talent shortage, manufacturers increasingly have embraced automation on their shop floors.
Federal tax reform benefits manufacturers’ investments in automation equipment
For West Michigan manufacturers who are struggling both to find workers and to keep up with order volumes, the recent federal tax reform offers some welcome news.
Confidence in truck market spurs OEMs to offer more diesel options
DETROIT — By offering diesel powertrains in their light-duty pickup trucks, the Detroit Three automakers are betting they can eke out even more sales in what’s been a red-hot market.
Buy, lease, subscribe? Automakers debut new business model aimed at young, urban buyers
A growing number of automakers are adopting a new business model that could change how some customers get into the car market.
Keep truckin’: Pickups take center stage as automakers gear up for new ‘truck war’
DETROIT — As two of the top three best-selling vehicles get a makeover this year, the 2018 North American International Auto Show once again seemed devoted to the ultimate American lifestyle automobile: the pickup truck.
Automakers, suppliers continue focus on tech acquisitions, including in West Michigan
More automotive suppliers these days are finding it’s easier to buy cutting-edge technology companies than to develop the complex systems on their own.
Competitive forces: Despite projections for a record 2018, tool and die suppliers brace for a cyclical downturn
With 177 new vehicle launches expected by 2020, tooling suppliers like Walker Tool & Die Inc. are bracing for another busy period in what’s been a string of good years for the industry.
Leveraging MSU technology, Holland firm hopes to drive cost out of lithium-ion batteries
HOLLAND — A West Michigan startup hopes to drive down costs and increase consumer safety for electric vehicles with new technology it plans to bring to market next year.
Balancing current needs with future investments, West Michigan auto suppliers plot strategies
GRAND RAPIDS — While the automotive sector may be nearing the end of a strong sales cycle, West Michigan-based suppliers remain bullish on the industry.
Despite concerns over sales, auto suppliers remain active in M&A, experts say
As the pace of technological change intensifies for the automotive industry, suppliers are turning to acquisitions to reshuffle their businesses and prepare for the road ahead.
Tight labor market constrains growth for manufacturers, economist says
While optimism for the U.S. economy remains relatively high, many economists and industry watchers are forecasting a period of slow growth in West Michigan’s manufacturing sector.
Trump administration prolongs fuel economy review process
Automakers have some more breathing room to weigh in on federal fuel economy regulations.
‘Stress fractures’ policy shifts point to possible downturn in otherwise stable auto market
Despite a relatively stable outlook for the automotive sector, industry experts have started noticing evidence of “stress fractures” appearing in an otherwise healthy market.
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.