Automakers and automotive suppliers are facing a rapid accumulation of challenges, quickly unraveling the peak earnings of prior years. A confluence of factors – competition, EV transition, pricing pressure, regulatory compliance - makes for an uncertain path forward.
What we’ll discus
- US auto sector: a macro view
- Diverging credit conditions: Europe, Japan and the US
- Emerging competition from Chinese EVs: will tariffs halt an influx in Western markets?
- State of EV play in Europe, China and the US: the transition seen in three different gears
- Captive finance subsidiaries and the uneven transition to EVs
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SpeakersMatthias Hellstern Managing Director, Corporate Finance Moody's Ratings
Rene Lipsch Associate Managing Director, Corporate Finance Moody’s Ratings
Eric Greaser Vice President - Senior Analyst, Corporate Finance Moody’s Ratings
Matthias Heck Vice President - Senior Credit Officer, Corporate Finance Moody's Ratings
Perrine Bajolle Vice President - Senior Analyst, Corporate Finance Moody's Ratings
Götz Grossman Vice President – Senior Analyst, Corporate Finance Moody's Ratings
Cindy Yang Vice President – Senior Analyst, Corporate Finance Moody’s Ratings
Dean Enjo Vice President – Senior Analyst, Corporate Finance Moody's Ratings
Inna Bodeck Vice President – Senior Credit Officer, Financial Institutions Moody's Ratings
Michael Brisson Director, Economic Research Moody's Analytics
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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 an Associate Managing Director in the Corporate Finance Group at Moody’s Ratings, where he heads the US Automotive, Transportation & Capital Goods team.
Prio to his current role, Rene was a Senior Vice President in the same group, with responsibility for a portfolio of investment-grade and high-yield US automotive and capital goods issuers, following earlier coverage of the transportation sector.
Before joining Moody’s in 2013, Rene spent nine years in investment banking in London, working in Equity Capital Markets at Credit Suisse and in Corporate Finance at Merrill Lynch. Earlier in his career, he was a Dutch and international tax advisor with Loyens & Loeff in Rotterdam and Hong Kong.
Rene holds an M.Sc. in Finance from London Business School and a M.Sc. in Economics from Erasmus University in Rotterdam.
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 a portfolio of European large diversified industrial manufacturing companies and automotive parts suppliers.
Previously, Matthias covered European automotive original equipment manufacturers (OEMs). Matthias also coordinates Moody’s Global Automotive Industry Outlook and sector research. Previously, Matthias was responsible for a diverse portfolio of manufacturing, business services, real estate and consumer goods companies based in Europe.
Matthias has 25 years of experience in corporate ratings and financial analysis from a credit and equity perspective. He is a frequent speaker at investor conferences on Corporate Finance topics, especially on the automotive industry, application of rating methodologies and on supply chain finance. 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 focusing on European utilities. Matthias is a CFA charter holder and an Ambassador of the CFA Society to Moody’s. He also 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.
Perrine is the lead analyst for European automakers and truck manufacturers. Prior roles at Moody’s included covering companies in the healthcare and manufacturing sectors and European banks. Before joining Moody’s in 2014, Perrine worked in M&A advisory for Natixis Partners in Paris where she was covering the small and mid-cap corporate market in France. Perrine holds a Master Degree from Dauphine University (Paris) and ESADE Business School (Barcelona).
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).
Cindy Yang is a Vice President – Senior Analyst with Moody’s Corporate Finance Group, based in Beijing. She is responsible for Chinese local government financing vehicles ratings.
Before joining Moody’s, Cindy worked for PricewaterhouseCoopers in Hong Kong as a senior auditor. Cindy holds a Master of Corporate and Financial Law from the University of Hong Kong and a Bachelor of Business Administration from the Chinese University of Hong Kong. She is also a HKICPA and ACCA.
Dean Enjo is a Senior Analyst with the Corporate Finance Group of Moody’s Japan. He is a lead analyst for companies across a broad range of sectors including automobiles, chemicals, pharmaceuticals, and retail products.
Dean has extensive work experience in the Japanese financial industry. Dean previously worked at Manulife Life Insurance Company Japan, where he was a fixed income portfolio manager for its general account investment division. Prior to that, he worked as an equity research analyst at CLSA Securities Japan / Credit Agricole Securities Japan and at a hedge fund focused on Japanese equities.
He holds a master’s degree from Harvard University, an M.B.A. from the University of Hertfordshire, and a bachelor’s degree from the University of British Columbia.
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.
Michael Brisson is a senior economist and associate director at Moody's. He is the lead auto economist working as a member of the Economic Research group in West Chester PA. Mike works at developing new, empirically driven auto-related products and services. Prior to leading the Moody’s Analytics auto research team, Mike built loan and vintage-level CECL, CCAR, and stress-testing models of consumer loan performance as a member of the Business Analytics group at Moody's Analytics. Additionally, Mike has spent time developing econometric models used by U.S. states and local governments for tax/revenue projections. Mike holds a PhD in applied economics from Northeastern University.