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March 2021 edition

EUROPE AUTOMOTIVE
Electric Vehicle Sales In Europe Is Now The Biggest In The World

EU plotting ban on internal combustion engine as of 2025: industry

Economic and Market Report: state of the EU auto industry - Full-year 2020

More UK gigafactories required to assist auto sector to meet Brexit's rules of origin

Porsche to produce fuel 'as clean' as electric vehicles

EU should target 1m EV public chargers by 2024, say carmakers, environmentalists and consumer groups

INTERVIEW OF THE WEEK
The latest Audio Interview features Todd Sutherland, Director of Research Tax Credit Practice for UHY U.S. Mr. Sutherland has over 20 years of accounting experience across a wide industry spectrum. He specializes in helping clients claim research and development tax credits, and defending research and development tax credit claims under IRS examination.
Listen to Todd Sutherland Interview here
EUROPE AUTOMOTIVE (continued) ...

Tesla’s market share in Europe keeps crumbling, as China reclaims top spot in global EV race

Nissan declared 'Brexit is positive' for company as German exports to UK slump

UK: LCV registrations up 22.0% in February as larger vans drive market growth

January UK car production falls -27.3% as industry calls for measures to support competitiveness

Plugging into the Green Deal: Europe needs charging infrastructure

SMMT statement on the future strategy of UK’s largest automotive business


Carshare App Developers under Pressure from Russian Prosecutors

EVs First to Reap Benefits of the Software Defined Vehicle

VW Targets L4 Autonomous BEV By 2026

THOUGHT LEADERSHIP
This Interview features Rick Diefenderfer. Mr. Diefenderfer has been a Partner with CGN Global since 2012, leading the Supply Chain and Business Transformation Group. His 35 years experience includes executive positions with FedEx Ground, FedEx Logistics, and Caterpillar, managing global logistics solution teams and business development professionals. He is an overall global supply chain expert.
Listen to Rick Diefenderfer Interview here
This Interview features Mirko Woitzik, Manager EMEA, Risk Intelligence at DHL – Resilience360, based in Germany. He is also the author of the report on ‘research showing the impact of COVID-19 on EMEA Automotive Industry.
Listen to Mirko Woitzik Interview here
Listen to over 175 Interviews with Experts on global automotive related topics:
View list of over 175 Interviews here
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SUPPLY CHAIN, LOGISTICS AND TRADE

Brexit 'an exercise in damage limitation' for UK automotive supply chains

Brexit supply chain friction persists in blow to manufacturing

German government's supply chain draft law criticised for shunning environmental standards

Brexit UK-EU logistics ‘teething problems’ could take years to resolve

How has Brexit affected logistics and handling services?

Revised EU Trade Enforcement Regulation Published

Austria vetoes Mercosur deal saying it goes against EU Green Deal

Brexit causing supply problems for small UK manufacturers: survey

OEMs & SUPPLIERS: PRACTICAL SUPPLY CHAIN IMPROVEMENTS USING AI

Tada Cognitive Solutions for OEMs and Suppliers

With product demand changes OEMs and suppliers both need a system to address supply chain constraints, visibility, collaboration across multiple levels of suppliers and assurance of supply from the globally sourced supply base. OEMs and Suppliers have been using the following solutions from Tada to gain market share, operate profitably, effectively plan for risks and introduce new designs and upgrades on an aggressive timeline:

To learn more about Tada, download case studies below or sign up for online demo, please visit here.
Demand Navigator – download here
Demand Bullwhip effect eliminated by TADA at a F100 company.

Supplier Readiness – download here
F100 manufacturer proactively mitigates supplier risks by utilizing TADA.

Material Availability – download here
Tada reduces parts misses by 40% at a F100 corporation.

Digital Command Center – download here
F100 corporation gains control of its supply base by utilizing Tada.

Multi-Tier – download here
How a F1000 vehicle manufacturer used Tada to solve its material availability issues.
MANUFACTURING & ECONOMY

EU Wants 20 Percent of Semiconductor Manufacturing by 2030

German economic slump: Brexit blamed for 'significantly damaging' Berlin's production

Cyber and supply resilience key for UK industry – survey

European steel users call on Commission to terminate safeguard measures on 30 June 2021

Economic forecast: Some EU countries will recover in 2021, others must wait until 2022

Poland more resilient to pandemic than most EU economies

Free carbon allowances should continue under EU carbon border levy: business group

GLOBAL M&A, JOINT VENTURES, FUNDING

U.S. COMPANY FOR SALE:
30+ year old US-based material handling automation equipment systems integrator would like to sell to a buyer who can utilize their capabilities to generate $50,000,000 in revenue. Currently the company is operating at $30,000,000 in revenue. The companies has a talented team of engineers, designer, and component manufacturers. The company offers standard products and can produce custom components to meet any material handling challenge in a manufacturing environment.

INDIA AUTO SUPPLIER FOR SALE:
India-based automotive supplier (one of the largest manufacturers of sheet metal components in India) is seeking to be acquired. Revenues $42 million, and EBITDA of (-$1.4 million).

INDIA MACHINERY SUPPLIER FOR SALE:
Well-established, India-based manufacturing supplier of machinery for global automotive and other industries. Company holds patents for 11 basic and 23 derivative models of CNC Machines, and has partnerships/JVs with Italian and Czech Republic based firms.

CZECH REPUBLIC AIRCRAFT MANUFACTURER FOR SALE
Modern aircraft manufacturing company, specializing in design and production of two-seat, all metal LSA. Ready to launch two new models (Part 23). Over 650 units sold in 30 countries, and company has secured valuable certifications, including EU Aviation Safety Agency and US ASTUM standards. In-house research, manufacturing, and assembly.

TURKISH AUTO LEASE PROJECT FINANCING:
Long-term debt investment of 35 million euros sought to finance growth of a market leader in the Turkish passenger car rental industry. Funds to be used for (a) refinance loans amounting 11 million euros, and (b) acquire new fleet of 24 million euros to satisfy increasing market demand.

LOOKING TO BUY COMPANY:
A Global Automotive Parts Manufacturer is looking to purchase a Manufacturer of Aluminum Automotive Components and Assemblies in Mexico or the U.S., with an EBITDA between $1 and $5 Million.


To learn more about the above and other opportunities, contact:
Ron Hesse - RHesse@GlobalAutoIndustry.com

Or visit our International M&A, JVs/Tech Partners and Investment page here.
FINANCE, TAX, LEGAL AND M&A

LEAK: Commission in bid for EU data sovereignty with digital decade targets

Poland Authorizes a New Type of Corporate Entity: The "Simple Joint Stock Company"

UK: Wide-reaching consultation launched on the future of R&D tax incentives

Germany: Changes in transfer pricing rules - Current status March 2021

Talks on EU corporate tax transparency law to start ‘very soon’

Changes in the Tax Code of the Russian Federation: advanced pricing agreements and other issues

Investment in Poland. The rough guide to successful investing in Poland

Russia: Corporate Anti-Corruption Enforcement Trends

UK: Corporation tax rate to increase to 25 percent


This Interview features Allen C. Koski, President of Insured Nomads, the first insurtech in global benefits. Previously Allen was a Senior Vice President at United Healthcare Global and prior to that instrumental in the growth and development of Cigna Global in roles that ranged across sales and sales leadership.

Listen here.
Listen to Allen Koski Interview here
HR & TALENT MANAGEMENT

Asking job seekers to reveal previous salaries is ‘discrimination’, EU’s Dalli says

United Kingdom: Criminal issues in employment investigations

EU unemployment reinsurance scheme falls off Commission’s radar

Entry into Russia for Highly Qualified Specialists, their Family Members, and Citizens of the Eurasian Economic Union

EU takes step to help 'gig' economy workers

UK: Budget introduces elite visa to lure tech entrepreneurs

Monitoring of Employees Faces Scrutiny in Europe

INTERNATIONAL INSURANCE & SECURITY
International insurance for the remote worker, traveler and expat now available for the automotive industry worldwide (family members included)

Whether you are a Germany-based engineer visiting Mexico; an India-based executive moving to France; or a US-based SCM professional headed to China on a short-term assignment; GlobalAutoIndustry.com Partner Insured Nomads has the health and security insurance program you need. This is a truly disruptive solution for the international automotive industry!

Insurance options for automotive industry professionals (and their families), OEMs, suppliers and related companies: Health | Travel | Group | Tailored | Life | Disability.

Get a Quote or Purchase Insurance or learn more, visit Insured Nomads here now.
EVENTS

WEBINAR (recorded December 10, 2020): By MexicoNow
"Mexico’s Heavy Vehicles Industry Outlook 2020 - 2025"
To watch video webinar, visit here.

VIRTUAL (March 10): By Wards Intelligence
"Wards Intelligence Outlook Conference"
To learn more or to register, visit here.

VIRTUAL Event (March 16-17): By ETAuto.com
"EV Conclave: Rising From Uncertainties"
To learn more or to register, visit here.

WEBINAR (March 24): By MAYER | BROWN
"U.S. Enforcement Outlook: Anticipated Impact on Brazilian Multinationals"
To learn more or to register, visit here.

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