Pent-up demand and resilient economic activity prolonged a largely favorable environment for automakers, despite a rebalancing of supply and demand in the market for new vehicles. A confluence of factors - decelerating economic growth, pricing pressure, rising labor cost and challenges in the transition to electric vehicles - could disrupt this.
What We'll Discuss
- Economic slowdown, affordability and 2024 light vehicle unit sales outlook
- The pace of EV adoption and the impact on automakers’ profitability
- Chinese automakers’ growing overseas presence and the potential impact on the European competitive landscape
- A costly new UAW contract weighs on automotive margins
- Pinched auto creditors and the state of the captive finance subsidiaries
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SpeakersMatthias Hellstern Managing Director, Corporate Finance Moody's Ratings
Rene Lipsch VP-Sr Credit Officer Moody's Investors Service
Gerwin Ho Vice President – Senior Credit Officer, Corporate Finance Moody's Ratings
Eric Greaser VP-Senior Analyst, Corporate Finance Moody's Investors Service
Matthias Heck Vice President – Senior Credit Officer, Corporate Finance Moody's Investors Service
Götz Grossman Vice President – Senior Analyst, Corporate Finance Moody's Ratings
Inna Bodeck Vice President - Senior Credit Officer, North America Finance Companies Moody's Ratings
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Event Manager
If you have any questions about the event, please contact Christopher De Ridder at Christopher.deRidder@moodys.com.
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| Matthias Hellstern, Managing Director, has been with Moody’s Deutschland GmbH in Frankfurt since October 2004. Matthias is Team Leader in the European Corporate Finance Group heading the Frankfurt-based analytical team focusing on manufacturing industries. The principal industries covered by his team include Auto, Capital Goods, Paper and Packaging, and Building Materials. He is also managing teams in London and Stockholm that are covering the Real Estate, Shipping and Airlines sectors. Prior to his appointment as Team Leader, Matthias was Moody’s lead analyst for European building materials companies and steel producers. Previously he spent around 10 years in the European banking industry as a corporate credit analyst with Commerzbank and ING in Germany and the UK. Matthias Hellstern has graduated from the University of Augsburg in Germany with a degree in Business Administration (Diplom-Kaufmann). |
Rene Lipsch is a Vice President – Senior Credit Officer at Moody’s Investors Service. He covers a portfolio of North American transportation and manufacturing companies.
Prior to joining Moody’s in 2013, Rene spent nine years in investment banking in London, in the Equity Capital Markets team at Credit Suisse and in the Corporate Finance team at Merrill Lynch.
Previously, he worked as a Dutch and international tax advisor with Loyens & Loeff in Rotterdam and Hong Kong. Rene holds a M.Sc. in Finance from London Business School and a M.Sc. in Economics from Erasmus University in Rotterdam
Gerwin Ho is a Vice President – Senior Credit Officer with the Corporate Finance Group in Asia. Based in Hong Kong, he covers a portfolio of Chinese corporates, including automotive-related, manufacturing and consumer-related companies.
Before joining Moody’s, Gerwin was a Director with Citigroup’s Equity Research Division in Hong Kong, where he headed the analysis of automotive companies in Asia and analyzed Chinese automotive and industrial companies.
He has also analyzed automotive, industrial, consumer and healthcare companies in China and Korea while working at Bear Stearns, ABN AMRO, Credit Suisse and Donaldson, Lufkin & Jenrette.
Gerwin holds a Bachelor of Science from the University of Toronto and an International MBA from York University.
Eric Greaser is a Vice President – Senior Analyst within the Corporate Finance Group based in New York. He covers a portfolio of automotive parts suppliers and logistics companies. Before joining Moody’s, Eric was a senior buyside analyst at several collateralized loan obligation and credit hedge funds covering diversified industrials, aerospace & defense and business services companies. Eric holds a Bachelor of Science from Murray State University and a Master of Business Administration from Washington University in St. Louis.
Matthias Heck is a Vice President – Senior Credit Officer within Moody’s European Corporate Finance Group, based in Frankfurt. He is Moody’s Lead Analyst for European Automotive Suppliers. Previously, Matthias covered a diverse portfolio of manufacturing, business services, real estate and consumer goods companies based in Europe. He also coordinated Moody’s Global Construction Industry Outlook.
Matthias has over 18 years of experience in corporate ratings and financial analysis from a credit and equity perspective.
Matthias joined Moody’s in 2013, as a Senior Analyst of the Infrastructure Finance Team in London. Prior to this, Matthias worked for Macquarie, Sal. Oppenheim and Banco Santander as an equity research analyst focussing on European utilities. In addition to producing idea-driven sector and company research reports and communicating his analysis to institutional investors, Matthias also accompanied several equity capital market transactions.
Matthias is a CFA charterholder and holds the CEFA qualification from the German Association of Financial Analysis and Asset Management (DVFA). Matthias has a degree in Business Administration from the Baden-Wuerttemberg Cooperative State University (DHBW), Mannheim, Germany.
Götz Grossmann is a Senior Analyst within Moody’s EMEA Corporate Finance Group based in Frankfurt. He has lead responsibility for a portfolio of European high-yield and investment-grade steel, construction and manufacturing companies.
Götz joined Moody’s as an Associate Analyst in January 2011 covering companies in the automobile manufacturing, parts supplier and building materials industries.
Prior to Moody’s, Götz was an Assistant Manager in KPMG’s audit department based in London and Stuttgart.
Götz is a CFA charterholder. He has studied at Eberhard Karls University of Tübingen and holds a master degree in business administration (Diplom-Kaufmann).
Inna Bodeck is a Vice President - Senior Credit Officer in the Financial Institutions Group. Based in New York, she is responsible for the ratings of the companies in the automotive captive sector as well as companies engaged in commercial aircraft leasing.
Prior to this role, Inna was an Assistant Vice President in the High Yield Corporate Finance Group. She was responsible for the coverage of high yield automotive suppliers and aftermarket players as well as manufacturing companies. In earlier roles with Moody’s, she has also covered North American investment grade and high yield consumer packaged goods companies. Prior to Moody’s, Inna worked at J.P. Morgan and UBS Investment Bank in various investment banking roles where she structured and executed debt financing transactions for corporate companies as well as alternative asset managers.
She holds a Masters of Business Administration from the Emory University and a Bachelor in Finance from the Southern Illinois University.