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Market Trends and Regulatory
1.32 million units in June, representing a 19.5% increase from June 2020 and an 8.3% decrease from June 2019, with the decline attributed to weak fleet sales. The seasonally adjusted annualized rate (SAAR) for total new-vehicle sales is projected to be
15.8 million units. The same forecast notes that U.S. retail sales continue to experience strong demand, but “
the effect of fewer vehicles in inventory at dealerships is finally starting to have a material effect on aggregate industry sales volumes.” Cox Automotive, in its 2021 Mid-Year Review, predicts
U.S. new light vehicle sales will reach 1.38 million in June,
representing a SAAR of 16.4 million units.
Foley Weekly Automotive Report - June 2021 - 5 | Foley & Lardner LLP jdsupra.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from jdsupra.com Daily Mail and Mail on Sunday newspapers.
Bosch picks Hartung as new CEO to tackle industry transformation
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Bosch’s long-time chief financial officer Stefan Asenkerschbaumer will become supervisory board chairman
June 27, 2021
Robert Bosch chief executive officer Volkmar Denner will hand over the reins to automotive unit head Stefan Hartung at the end of the year after running the German engineering giant for almost a decade.
Denner, 64, will become a scientific adviser focused on the company’s research into quantum technology, Bosch said Thursday in an emailed statement. The CEO changeover and additional management appointments take effect on January 1, 2022.