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