Philippe Houchois

Philippe Houchois covers European and US Autos. He has worked in and covered the automotive industry for more than 25 years, including working in industry. Michael Aspinall has worked in equity research for 11 years and most recently joined the European Automotive research team to lead coverage of Trucks, Tyres, Transport, & Automotive suppliers. Michael has covered chemicals, packaging, gaming, transport, energy & utilities across Jefferies, JP Morgan, Citibank, and CLSA. Vanessa Jeffriess has worked in equity research for 7 years, joining Jefferies in March 2021, & initiated on European Auto Suppliers in July 2025, having covered the UK-listed suppliers as part of the UK Industrials team for several years.Owen Paterson joined Jefferies in 2020 after graduating from the LSE. Kiara Asinobi joined Jefferies in 2024 after graduating from King’s College London.

What We Are Known For

• Global perspective. Our Autos coverage is trans-Atlantic and we work closely with global colleagues covering autos in the US, China and India to provide timely insights on global trends. This includes our ‘Plugged-in EV monthly’ covering adoption of electric vehicles around the globe & regular updates through dealership calls in trucks. Our transport coverage provides insights across the value chain with additional insights into the truck cycle.
• Anti-Consensual. We pride ourselves on detailed stock-focused research and non-consensus calls. In mid 2025, we upgraded Michelin and downgraded Conti, arguing that the Conti spin was fully priced while Michelin, trading at trough multiples, could re-rate as agricultural, truck, and construction cycles recover into ‘26. Seeing troughing market expectations, we upgraded Stellantis to Buy in June. We also reviewed SDVs, exploring implications for OEMs & suppliers, and initiated on Transport, Auto supplier and leasing names.
• Expert events and investor tours/access. We have been proactive around expert access to unique insights into topics such as software-defined vehicles, autonomous vehicles, fuel-efficiency, freight market dynamics and the economics of EV adoption, and have recently hosted a series of expert calls on the threat of Chinese auto suppliers entering Europe. We also hope that we’ve been helpful in providing differentiated access to management through events like our Truck tour in Charlotte.