• Print
  • Email

30th Annual Automotive Insights Symposium

Wednesday, 01/17/24
9:00 AM
Registration & Breakfast
10:00 AM
Welcome & Introduction
Speaker
Rick Mattoon, Vice President Regional Analysis and Engagement, Detroit Regional Executive, Federal Reserve Bank of Chicago
10:15 AM
2024 Auto Industry Outlook
Speaker
Kristin Dziczek, Policy Advisor, Federal Reserve Bank of Chicago
11:00 AM
Auto Outlook Panel: What’s in store for 2024?
Moderator
Martin Lavelle, Senior Business Economist, Federal Reserve Bank of Chicago
Panelists
Stephanie Brinley, Associate Director, Research & Analysis, S&P Global
Michelle Krebs, Executive Analyst, Cox Automotive
Kevin Riddell, Senior Manager, Americas Powertrain, GlobalData
Dave Zoia, Senior Director-Content, Informa Tech Automotive Group
12:30 PM
Lunch
1:45 PM
The Drive Toward Electrification - Supplier Perspectives
Moderator
Thomas Klier, Senior Economist & Economic Advisor, Federal Reserve Bank of Chicago
Panelists
Andrew Clemence, SVP & Green Business Group Leader, DENSO International America, Inc.
Jeff Hemphill, Chief Technical Officer, Schaeffler Group North America
3:15 PM
Break
3:30 PM
The Coming Cost Crunch: UAW Contracts, Capital, & the EV Transition
Moderator
Kristin Dziczek, Policy Advisor, Federal Reserve Bank of Chicago
Panelists
Colin Langan, Automotive & Mobility Analyst, Wells Fargo
Mathew Vachaparampil, CEO, Caresoft Global
Mark Wakefield, Global Co-Leader, Automotive & Industrial Practice Organization, AlixPartners LLP
5:00 PM
Closing Remarks
5:15 PM
Reception
Thursday, 01/18/24
9:00 AM
Registration & Breakfast
10:00 AM
Welcome & Introduction
Speaker
Rick Mattoon, Vice President Regional Analysis and Engagement, Detroit Regional Executive, Federal Reserve Bank of Chicago
10:15 AM
Reshoring the (Electrified) Supply Chain
Moderator
Thomas Klier, Senior Economist & Economic Advisor, Federal Reserve Bank of Chicago
Panelists
Leila Aridi Afas, Director, Global Public Policy, Toyota North America
Mary Lovely, Anthony M. Solomon Senior Fellow, Peterson Institute for International Economics
Christine McDaniel, Senior Research Fellow, George Mason University
11:30 AM
Lunch
12:30 PM
Critical Questions About Critical Minerals: Are There Enough? Will They Be Available When We Need Them?
Moderator
Kristin Dziczek, Policy Advisor, Federal Reserve Bank of Chicago
Panelists
Gracelin Baskaran, Research Director and Senior Fellow, Energy Security & Climate Change Program, Center for Strategic & International Studies
Roderick Eggert, Research Professor, Economics & Business; Coulter Foundation Chair in Mineral Economics, Colorado School of Mines
Luisa Moreno, President & Director, Defense Metals Corporation
1:45 PM
Break
2:00 PM
After the Strike: Prospects for Automotive Labor-Management Relations
Moderator
Kristin Dziczek, Policy Advisor, Federal Reserve Bank of Chicago
Panelists
Joel Cutcher-Gershenfeld, Florence G. Heller Professor, Social Impact MBA Director, Heller School for Social Policy and Management, Brandeis University
Thomas Kochan, George Maverick Bunker Professor of Management, Emeritus, Massachusetts Institute of Technology
Marty Mulloy, President, Mulloy Consulting and Retired Vice President, Labor Affairs, Ford Motor Company
3:15 PM
Closing Remarks

30th Annual Automotive Insights Symposium

In 2023, we saw better-than-expected automotive sales, the United Auto Workers’ stand-up strike, and the full implementation of the Inflation Reduction Act’s electric vehicle incentives.

The strikes are now over, pent-up consumer demand may be winding down, the IRA has been in place for over a year, EV prices are coming down, and electrified vehicles are the fastest growing segments in the U.S. market by far. However, the growth rate of EV sales has slowed recently, and automakers and suppliers have started to reassess the speed at which they expect to reach their electrification goals.

How will the future U.S. auto market evolve? Will the U.S. have a mix of propulsion systems for longer than other global markets? Are supply constraints behind us and will 2024 be a more demand-driven market? Will we have enough of everything we need to build vehicles if we get fewer inputs from China? What are the strategies automakers and suppliers will use to address rising costs? These topics and more were covered at the Federal Reserve Bank of Chicago’s 30th Annual Automotive Insights Symposium, held on January 17–18, 2024, at its Detroit Branch.

Through engaging panel discussions and keynote speeches, we explored:

  • The 2024 outlook for U.S. and North American auto production, sales, and supply chains as the U.S. market moves toward electrification and supply and demand come more into balance
  • The economic impact of the recent UAW contracts and the outlook for future labor relations under these agreements
  • How automakers and suppliers are charting their individual strategic pathways from internal combustion engines toward electrification—and how they plan to lower costs
  • The important role of international trade in the supply chain for critical minerals, batteries, and EV components
  • The critical questions about critical minerals: What do we need, are there enough resources, where will they come from, and what are the potential bottlenecks for future EV supply?

Through events like this, the Federal Reserve Bank of Chicago serves the public, fostering economic opportunity and advancing a strong economy for our region and nation.

time graphic

All times are in Eastern Standard Time (EST).

Having trouble accessing something on this page? Please send us an email and we will get back to you as quickly as we can.

Federal Reserve Bank of Chicago, 230 South LaSalle Street, Chicago, Illinois 60604-1413, USA. Tel. (312) 322-5322

Copyright © 2024. All rights reserved.

Please review our Privacy Policy | Legal Notices