Impact of terminating NAFTA on the auto industry – specifically Magna International
The US auto industry is bracing for changes in trade policy that will ripple through North-American supply chains, affecting both the wallets of domestic consumers and the future of company employees.
General Motors (“GM”) has committed to a lower-carbon future, making all its 350 facilities 100% powered by renewable energy by 2050 and released an eight-point plan to do so. However, this will most likely force the GM to make a fundamental change in the way it has been doing business since its inception over 100 years ago.
Delphi, along with other auto industry players and the communities in which they operate, is being threatened by isolationist movements throughout the world (e.g., Brexit, NAFTA renegotiation/termination)
Donald Trump has publicly called for significant changes to NAFTA and for the auto industry to shift operations away from Mexico and into the United States. This would greatly disrupt General Motors, its employees, and its shareholders.
Platooning, the concept of driving vehicles a few feet a part of each other, will reduce emissions and fuel consumption going forward, as a way for corporations to address climate change in their operations.
In a battle of giants, GM has joined forces with other automakers and players in the auto sector to stop President Donald Trump and avoid the collapse of NAFTA. Can GM handle the consequences If the initiative fails?
Car manufacturers have embraced digital technology, from navigation systems to night vision displays, but their dealerships are lagging far behind.
“Imagine building an enormous beach resort, maybe the best in the world. Instead of renting the rooms, you charge guests based on the grains of sand they touch…When tolls that are tiny are paid often enough, they can make a billion-dollar business.”
As you enter the connected world of cars, be sure you understand the dangers!