“The war in Ukraine has led to plant closures across Germany and a likely loss of around 150k units in March alone,” James Norris, Senior Analyst, European Light Vehicle Production at the respected LMC Automotive consultancy said today.
By the beginning of March this year, following Russia’s invasion of Ukraine, almost all automotive production in the two warring countries had come to a complete standstill. The problem for German automakers is that are dependent on Eastern European suppliers, including Ukraine. Continue reading
Commerce Releases Plan to Boost America’s Competitiveness
Today the Department of Commerce released its fiscal year 2022-2026 Strategic Plan laying out an “agenda for innovation, resilience and equity to strengthen America’s competitiveness in the 21st century.” Commerce also published the first-ever learning agenda, whereby all bureaus will build evidence on program outcomes.
While Commerce has revised its mission statement to underscore the connection between its programs and all Americans, specifically the Department’s mission is to create the conditions for economic growth and opportunity for all communities, AutoInformed thinks it’s going to take a lot more than publicity releases. Continue reading →