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NADA CEO Mike Stanton, outgoing Chairman Mike Alford, and incoming Chairman Geoff Pohanka shared what’s on deck for the year ahead.
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The move will affect 1,350 employees who will be indefinitely laid off at the Belvidere, Illinois, plant.
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Mazda Motor Corp. reports sufficient parts inventories will keep production status quo despite COVID lockdowns at Chinese suppliers.
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CEO Carlos Tavares reported he expects the semiconductor supply chain to remain tight until the end of 2023.
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Analysts forecast production of about 14.7 million cars and trucks this year in North America, an increase of 12.5% vs. 2021.
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Tesla Inc. has had to shut down its plant in Shanghai for a total of 12 production days in recent weeks because of China’s COVID-19 lockdowns.
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China’s Covid-Zero policy could cause global vehicle production to lose 2% of growth in 2022, equivalent to about 1.5 million units.
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Industry analysts predict U.S. auto retail sales will dip in January as manufacturing slows.
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Top concerns of returning to the office include COVID-19 exposure, less work flexibility, worse work-life balance.
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As employees and customers move throughout the dealership, make sure that each area is sanitary, safe, and ready to create a great sales experience.
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