Michael Brady Discusses the Coronavirus and the Auto Industry with Chicago Tribune

Warner Norcross + Judd partner and co-chair of the firm's Automotive Industry Group recently provided insight into the coronavirus and the disruption to the automotive industry. Statistics and situations continue to change by the hour. There's no question that the virus is causing and has caused a loss of production. One such prediction is that if the plants are still closed until mid-March, there could be a loss of more than 1.7 million units in the first quarter. According to Michael Brady, the automotive industry is based on "just-in-time" deliveries. In most supply chains, he stated, "some parts were already in transit before the closing of the plants, and parts are trickling in. Original equipment manufacturers such as Ford, GM and Chrysler, have only a handful of parts and assemblies arriving." Read the full article here.