Fourteenth Annual Automotive Outlook Symposium

On May 31– June 1, 2007, the Federal Reserve Bank of Chicago hosted its Fourteenth Annual Automotive Outlook Symposium. The symposium began on Thursday, May 31, in the early afternoon with a tour of the Global Engine Manufacturing Alliance (GEMA), a joint venture of DaimlerChrysler, Hyundai and Mitsubishi Motors. A dinner followed the tour and was hosted by J. D. Power and Associates. On Friday, June 1, the symposium convened at the Detroit Branch of the Federal Reserve Bank of Chicago. The focus was the forces shaping the vehicle industry. The topics included: the view from Wall Street, the vehicle sales outlook from the OEM (original equipment manufacturers) perspective, medium- and heavy-duty truck industry outlook, dealers' and suppliers' perspective on the sales outlook and the consensus outlook of symposium participants.