Automotive Industry Review - 2008 Vol. 2

How many play calls are left in the playbook for U.S. automakers? Grant Thornton's Q2 Automotive Industry Review 

As it stands, the ‘Detroit 3’ have cash to operate (in the near-term); they appear to be making steps to get through 2009 and will attempt everything in their playbook before resorting to bankruptcy. While the industry waits for the economy to rebound, oil price fluctuations continue to make headlines and dramatic changes in consumer buying patterns have many automakers looking to rebalance their car/truck production capacity and product portfolios toward smaller more fuel-efficient vehicles.

But, how fast can they implement these changes?

U.S. automakers are losing market share to their foreign competitors as vehicle sales decline.  With consumer confidence continuing to drop, inflation levels rising and stimulus checks providing little improvement, auto retailers are expected to respond aggressively in the second half of 2008 by increasing incentives and extending sales promotions.

The Automotive Industry Review provides highlights for the 2nd Quarter of 2008.



About Grant Thornton LLP, Corporate Advisory and Restructuring Services
The combined access of the Grant Thornton International member firms gives a unique insight into supply chain and network distribution issues. Whether you are interested in acquiring underperforming component plants, or considering the creation of a dealer network in Europe or the U.S., we have the experience to provide advice on strategic options and provide significant assistance with implementing the strategy.