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Plante Moran survey showed weakening supplier-OEM relations during COVID-19

COVID Exacerbates Supplier/OEM Relations

Trust. Communications. Long-term commitment.

These are the cornerstones of good relationships. And they’re the ones that are tested the most during a crisis.

Strained Relations

Suppliers discovered this the hard way during the global pandemic, according to Plante Moran’s WRI (Working Relationship Index) Pulse survey.

Respondents reported stressed OEM relationships across the board this year. But they also came armed with suggestions on how to improve the situation.

The Survey

Some 265 supplier executives responded to the survey, which was conducted between Nov. 16 and Dec. 4.

Serving as a mid-term report between Plante Moran’s annual WRI surveys, the new study assessed how the coronavirus has impacted industry relationships. Respondents were asked to rate ...READ MORE

LMC Automotive
Personal Car Ownership Fends Off Public Transport During Pandemic

The coronavirus pandemic is expected to have a lasting impact on global mobility trends, with private car usage gaining at the expense of public transportation and new mobility services such as ride hailing as people try to minimize contact with others.   

These are some of the findings of the latest Continental Mobility Study. Conducted in conjunction with social research specialist Infas, the study surveyed people in China, France, Germany, Japan and the U.S. in September.

China Leads the Way

The trend is most pronounced in China, where 46% of those surveyed reported using their cars more often than before COVID-19. And three in five said they recently bought a car or plan to do so in coming years.

By comparison about 20% of the respondents in France, Germany, Japan ...READ MORE

Mayflower Consulting
Cooper Standard Shuffles Execs

As part of a restructuring effort started in November 2019, Northville, Mich.-based sealing and fluid systems specialist Cooper Standard is realigning its executive team.

The changes, effective March 1, include added responsibilities for Christopher Couch and William Pumphrey.

Jeffrey DeBest, who joined Cooper Standard in early 2018 as executive vice president and president of the company’s Advanced Technology Group, is leaving the company.

Applied Science

Couch, senior vice president and chief technology officer, will assume leadership of Cooper Standard’s Applied Materials Science business. He will continue to oversee the company’s overall product development, global technology and program management efforts.

Couch joined Cooper Standard in 2016. During his ...READ MORE

Another Lidar Maker Joins IPO Parade

Make it five this year.

That’s how many makers of lidar sensors have opted to go public in the past several months by merging with a special purpose acquisition company (SPAC).

Detroit Backers

The latest is Ouster, a 5-year-old startup headquartered in San Francisco. The company’s initial investors include Fontinalis Partners, The Detroit-based venture capital firm co-owned by Ford Chairman Bill Ford, and Atlanta-based auto dealer services provider Cox Automotive.

Ouster is merging with Colonnade Acquisition, a SPAC that raised $200 million in an initial public offering four months ago. Colonnade also raised $100 million through private investments from Cox, Fontinalis and others.

Conducting an IPO with the help of a SPAC is faster and cheaper than the conventional ...READ MORE

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