American Honda Motor Company, Inc.’s Post

Welcome to our latest update on the automotive industry for January 2024. In this blog, we aim to provide valuable information to automotive suppliers to assist them in making informed legal and operational decisions amidst the evolving challenges and opportunities in the industry. In this month's update, we cover: ✓Launch Delays ✓Alabama and the UAW ✓Cox 2024 Automotive Outlook ✓U.S. Automotive Sales ✓Ford's BlueOval Battery Park ✓Labor Shortage Concerns ✓Cummins New Engine Plant Read the Article Here: https://lnkd.in/gmYWyXXU To learn more about why automotive suppliers across the country are leveraging Veryable's on-demand labor platform, and why it’s our fastest growing industry segment, visit our homepage for on-demand labor and the automotive industry, and connect with our automotive lead Derek Ochodnicky Homepage: On-Demand Labor for Automotive Industry https://lnkd.in/gdVy3WCu #ondemandlabor #automotiveindustry #UAW #autoindustry #cummins #2024outlook #usmanufacturing

Please join my colleagues Ana Nicholls, Nishita Aggarwal and me in our upcoming webinar today to explore demand, production and supply trends and what they mean for the automotive sector. https://lnkd.in/dWcVBNHZ

To better understand the present negotiation between the USA automobile manufacturers and the UWA, we have reach back to the history of automobile manufacturing in the US described in the attached paper from 2009 when GM and Chrisler went bankrupt. Abstract The success of the US motor vehicle companies up to 1955 and their subsequent decline is directly related to the management-labor negotiations in the 1930s and the acceptance by both management and the mass union movement of the inherent nature of work in an assembly-line factory. Because the conditions of employment on the assembly line became less and less bearable over time, the negotiations became confrontational ones in which each side tried to get as much as possible from the other in a “winlose” setting. This ongoing confrontation let to the continuously escalating labor costs within the US motor vehicle companies that ultimately led to their decline. Unlike the case of Japanese or European companies, the US companies never had a “win-win” proposal on the table. To understand how this happened, we will first describe how, on three occasions, the motor vehicle industry has changed the most fundamental ideas on how to manufacture things and, what is more important, how humans work together to create value. #Managementlabornegotiations #UAW #USautomobileindustry

The USMCA varies from NAFTA in areas concerning the automotive industry and restrictions on global car makers manufacturing in Mexico.

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The UAW Stellantis ratification processes mirrors that of the previously discussed UAW Ford development. The timeline is slightly different given that the tentative agreement was reached sooner. The UAW National Stellantis Council will vote on November 2nd. This will then be voted on by the 43,000 members at a later date. Strikes have expanded at GM to include Spring Hill as an agreement has yet to be made. GM's overall production capacity is down around 40% since the string started. As sites start to open back up, the supply chain will need to be responsive. Releases will be picking up and sites lacking capacity will be burning through costs to keep up. OT only get you so far when there's a looming deadline. How do you think the outcomes of these ratification processes will overall impact the automotive industry? #automotive #strike #stellantis (𝐼𝑚𝑎𝑔𝑒 𝑆𝑜𝑢𝑟𝑐𝑒: 𝑈𝐴𝑊)

In our October 2023 automotive industry updates report, we present essential insights regarding the ongoing strike led by the United Auto Workers ("UAW") and its ramifications for automotive suppliers. We also delve into the industry's current landscape, highlighting both the obstacles and prospects it offers, aiming to provide valuable guidance for legal and operational decision-making in response to these challenges and opportunities. As the automotive industry evolves, Veryable remains committed to assisting suppliers in navigating these dynamic changes and capitalizing on emerging opportunities. Stay tuned for more updates as we continue to provide valuable insights into this ever-evolving sector. To learn more, visit our on-demand labor for the automotive industry homepage https://lnkd.in/gueGXRNf, and get in touch with our automotive lead Derek Ochodnicky #AutomotiveIndustry #UAWStrike #OnDemandLabor #WorkforceInnovation #DigitalTransformation #OperationalExcellence #OperationalAgility #AutomotiveSupplier #USManufacturing #MadeInAmerica #AutoManufacturing https://lnkd.in/gTA-emak

The events occurring in the Red Sea region underscore the strategic importance of having a strong and vibrant automotive manufacturing industry in Australia. It is crucial to consider the reasons behind the exit of the automotive manufacturing industry from Australia and the benefits that arise from re-establishing it. A robust manufacturing sector, including automotive manufacturing, provides a strategic advantage by serving as a manufacturing base that can be mobilized to produce essential goods during times of conflict or international instability. The versatility and adaptability of an established manufacturing industry enable the country to quickly respond to national security needs and reduce dependence on foreign suppliers for critical products. #automotive #manufacturing #automotiveindustry https://lnkd.in/dZtPP4-r

What’s the outlook for the #AutomotiveIndustry? Explore Deloitte’s insights on the MEMA Automotive Supplier Barometer.