We’re not sure what the new normal is in the auto industry, except every automaker and supplier is trying to be more agile to deal with electric-vehicle investments and China investments, along with a looming war in the Middle East and a U.S. election, both of which could be extremely disruptive depending on the outcome.

Guggenheim Securities’ John Casesa has been following the auto industry as a leading analyst and investment advisor for more than three decades. And when Casesa speaks, investors listen. He gives WardsAuto his take on the issues of the day,