Tag Archives: Economy

Automotive Supplier Industry Gathers with "Industry at a Crossroads"

OSHA Turns Its Sights on Auto Suppliers
The Original Equipment Suppliers Association (OESA), the leading U.S. trade group representing automotive suppliers, convened its 2016 Annual Conference on November 2nd under the theme: “The Industry at a Crossroads.” The title reflects two basic crossroads facing the industry today:  the crossroads of the evolution to connected and autonomous vehicles, and the crossroads of an … Continue reading this entry

Could Rise in Auto Loan Delinquencies Signal Cooldown in Auto Industry?

The summer yielded mixed economic signals for the auto industry. On the plus side, U.S. unemployment rates and interest rates remain low. However, auto sales at several auto manufacturers, including Ford and GM, slipped in July. Analysts are also focusing on an increasing area of concern: auto loan delinquencies. Earlier this year, the total amount of auto loans … Continue reading this entry

Querétaro, Mexico: The Secret Automotive Hub

I write this blog post from Querétaro, Mexico, a city of two million people that I have to admit I did not even know was here until two years ago when a local lawyer reached out to introduce himself and talk about the automotive industry. Not only are there two million people, but there is … Continue reading this entry

Be Fully Compliant, and Avoid Lawsuits!

Who could dislike the title of this post? It promises to solve all your compliance problems and keep your business out of litigation. Were it only that simple. Of course, it is not. But, when it comes to compliance, there are ways to avoid recurring issues such as high-risk countries, whistleblowers, joint ventures and commercial bribery. For … Continue reading this entry

International Monetary Fund’s Forecast for Global Economy Cools

Even as experts are signaling caution in their outlook for the automotive sector, the International Monetary Fund (IMF) is lowering its forecast of economic growth for this year. In its April 2016 report, the IMF reduced its January 2016 projection of global economic growth from 3.4% to 3.2%, citing a variety of risk factors that … Continue reading this entry

Automotive Economic Indicators Show Promise

Equifax Inc. reported recently that new credit for auto loans reached an eight-year high in January and February 2013, as calculated by total dollar amounts loaned. For that two month period, new auto loans were 70% higher than in the same period in 2009. Equifax reports that 2.5 million auto loans were made in this same … Continue reading this entry