October 2022
Feature Article
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Suppliers Face the Most Difficult Operating Environment in Memory
During the financial crisis, automotive OEMs and suppliers faced a more rapid and severe collapse in demand than the industry had seen in modern history. In North America, new vehicle production dropped more than 40% from 2007 to 2009 as consumer confidence evaporated and new car financing disappeared. Automotive OEMs and OE suppliers—the manufacturers of […]
More from this Issue
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The Road Ahead for the Automotive Industry
Since the onset of the COVID-19 pandemic, stakeholders in the automotive industry have been severely impacted. OEM suppliers have operated against multiple industry disruptions, including declining automaker outputs and the rapid rise in labor costs, raw material prices, and premium freight charges. Moreover, the Russia-Ukraine war has led to production cuts and decreased sales forecasts […] -
Building Toward a Stronger TMA Tomorrow
Well into autumn, we come closer and closer to the grandness of conference season and the beginning of many positive steps forward with what lies on the horizon for 2023 and beyond for TMA Nation. Led by TMA Global President Jane Mitnick, our Governance Task Force has spent a good part of 2022 doing the […] -
Automotive Industry: Tough Turns or Sunny Days Ahead?
Given the history of TMA, a year wouldn’t be complete without a JCR focused on the automotive industry. As we all know, between tariffs, COVID shutdowns, supply chain issues, and gas prices, this has certainly been a volatile period for anyone trying to purchase a car and the large number of dealers, manufacturers, suppliers, and […] -
Suppliers Face the Most Difficult Operating Environment in Memory
During the financial crisis, automotive OEMs and suppliers faced a more rapid and severe collapse in demand than the industry had seen in modern history. In North America, new vehicle production dropped more than 40% from 2007 to 2009 as consumer confidence evaporated and new car financing disappeared. Automotive OEMs and OE suppliers—the manufacturers of […] -
Continued Challenges Have Automotive Suppliers Up Against the Ropes
Back in the fall of 2019, light vehicle production in North America was ending another strong year, at more than 16.3 million units. At that time, it was unimaginable that the automotive supplier community would have to endure the following challenges over the next three years: A strike by United Auto Workers at General Motors […] -
The Melting ICE Cube: Financing Risk Ahead for Automotive Suppliers
Few industries are as impacted by macroeconomic pressure, global supply-chain disruption, and technological changes as the automotive industry. Over the past year, the sector has enjoyed light vehicle demand that significantly exceeded supply, and this is a major factor in Wall Street taking a bullish stance on the industry. As of mid-second quarter, analysts’ consensus […] -
Maximizing the Bottom Line Impact of Sales
Driving sales of a company’s most profitable customers can make the difference between success and distress. To do so, one first must understand how much each customer contributes to the bottom line. This is not as simple as it sounds in certain industries, such as the aftermarket automotive. In the aftermarket automotive segment, there are […] -
Effective Leadership Results in Faster Recoveries
The company was failing. A huge backlog, decreasing quality, and a general feeling of malaise had become the standard. The company had recently been bought by a holding company, which sent in a new president to fix the problem. The new president recognized that the company’s problems stemmed primarily from leadership failures, so he recruited […] -
How It Was Meant to Be
Q: How did you gravitate into lending into turnaround or distressed situations as opposed to other types of lending? KANE: As you know, 98% of the bankers who participate in TMA are lenders. I am not. I’m a transactional services guy, so I work in US Bank’s Global Corporate Trust Services, which involves corporate and […] -
Newcomers: October 2022
Arizona William Johnston Ashley Tayloe-Jones, Resolute Commercial Services Atlanta Simon Eickmann, B. Riley Advisory Services Joseph W. Simmons Christopher W. Terry Northern California Annie Blaylock Southern California Maria Contino, Rosenthal & Rosenthal Inc. Steven E. Ogus, Union Bank NA Olivia G. Robinson Erin M. Spaulding Chesapeake Umberto DiStefano Brittany Falabella Ronald D. Jones, Dudley Resources Chicago/Midwest Bridget Anderson, […]
Snapshot Article
Upcoming
2024 TMA Annual Conference
October 15 – 18, 2024
Loews Philadelphia
Philadelphia, PA