Session 7: The Auto Industry
What's next for the auto industry?
Presentations
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Speakers
William Strauss
Federal Reserve Bank of Chicago
William A. Strauss is a senior economist and economic advisor in the economic research department at the Federal Reserve Bank of Chicago, which he joined in 1982. His chief responsibilities include analyzing the current performance of both the Midwest economy and the manufacturing sector for use in monetary policy. He also produces the monthly Chicago Fed Midwest Manufacturing Index and organizes the Bank's annual Economic Outlook Symposium and annual Auto Outlook Symposium. He also conducts several economic workshops and industrial roundtables throughout the year.
Strauss has taught as an adjunct faculty member at both Loyola University Chicago and Webster University, Chicago. He currently teaches at the University of Chicago, Graham School of General Studies and at DePaul University, Kellstadt Graduate School of Business.
His research paper topics include analysis of the manufacturing sector, the auto sector, the Midwest regional economy, the trade-weighted dollar, business cycles and Federal Reserve payments operations.
Strauss has been interviewed on numerous television and radio shows and quoted in the major business magazines and newspapers. He is a past president of the Chicago Association of Business Economists and currently serves as a board member for the National Association for Business Economics and as a member of the Advisory Council for the University of Illinois at Chicago’s Center for Economic Education.
Strauss earned a B.A. in economics and geography from the State University of New York at Buffalo and an M.A. in economics from Northwestern University.
George Magliano
Director, North American Automotive Research, IHS Global Insight
George Magliano is responsible for overseeing Global Insight’s North and South American Automotive Forecasting Services, as well as the U.S. Regional Light-Vehicle Forecasting Services and related project work. He has focused on the automotive industry since 1989, when he joined Economic Consulting and Planning (ECAP) as director of Consumer Research.
Magliano became director of Automotive Research when ECAP was acquired by WEFA, Inc. several years later. For WEFA, he supervised all global automotive research, primarily specializing in forecasting North American vehicle sales and production, as well as many Asian countries. Magliano also has developed models of international trade flows for vehicles and parts and conducted studies of the U.S. aftermarket. In addition, he has directed studies involving customer segmentation, price elasticity, and the outlook under alternative forecast scenarios.
Prior to joining ECAP and WEFA, Magliano was the senior corporate economist for J.P. Stevens, one of the world's largest manufacturers of textiles. While there, he was responsible for all economic and industry forecasting and assisted in the development of the annual corporate business plan.
Magliano was educated at St. Francis Collage (Bachelor of Arts) and Fordham University (Mastr of Arts). He is also a member of the National Association of Business Economists, New York Association of Business Economists, and the Society of Automotive Analysts.
Thomas Klier
Federal Reserve Bank of Chicago
Thomas H. Klier is a senior economist in the economic research department at the Federal Reserve Bank of Chicago. Klier’s research focuses on the effects of changes in manufacturing technology, the spatial distribution of economic activity and regional economic development. Since joining the Chicago Fed in 1992, Klier has written widely on the evolving geography of the auto industry. His current research includes the changing structure of the auto industry and the responsiveness of the demand for new vehicles to the price of gasoline.
Klier’s research has been published in scholarly journals, including the Journal of Regional Studies, the Journal of Business and Economic Statistics, The Industrial Geographer, Economic Development Quarterly, the Review of Regional Studies, Journal of Environmental Planning and Management and Public Choice. Klier is co-author of a book on the auto supplier industry (joint with Jim Rubenstein, Miami University), published by the Upjohn Institute in 2008.
Klier received an M.B.A. from Friedrich-Alexander-Universitaet Erlangen-Nuernberg, Germany, an M.A. from Wayne State University and a Ph.D. in economics from Michigan State University.