As the automotive industry rebounds from its recessionary levels to an all time record level of spending on vehicles and healthy profitability, one of the key drivers of the increased vehicles sales has been increased innovation and major redesigns of vehicles. The number of new products in 2014 increased nearly 50% compared to the preceding 3 years and in 2015 alone, about 50 new or redesigned models were expected to hit the market. In order to keep pace with its Japanese counterparts, domestics OEM’s have worked hard to introduce more sophisticated infotainment features and high end electronics into their mainstream vehicles, which has resulted in a higher electronics/software content in vehicles. Continue reading this entry
During their press conference on September 15, 2015, UAW President Dennis Williams and Fiat Chrysler CEO Sergio Marchionne appeared satisfied with the tentative agreement reached after months of bargaining. The two friends smiled while congratulating each other on a job well done. According to Williams, the tentative agreement achieved the three goals he identified at the beginning of the process. However, Williams failed to provide specific details during the press conference regarding the achievement of those goals. Continue reading this entry
Vehicle safety systems are experiencing a period of development unlike any in the history of the industry. While the 20th century focused on passive safety systems, such as crumple zones, seat belts, and airbags, these measures focused on mitigating the danger to occupants once an accident had happened. The 21st century, on the other hand, has emphasized active safety: keeping occupants safe by making sure the accident never happens. Continue reading this entry
The 2015 MICHauto Summit will be held this Wednesday, September 30th, from 7:30 am to 5 pm at Cobo Center in Detroit.
MICHauto is an effort spearheaded by the Detroit Regional Chamber of Commerce, in partnership with industry and other state and local partners in Michigan, to grow and retain the automotive industry in Michigan. MICHauto’s pillars include business attraction, talent, advocacy, communications and mobility (including connected and autonomous vehicle development). All of these elements will be in play at the annual summit, with an emphasis on mobility. Continue reading this entry
As trade ministers from 12 Pacific Rim countries continue to negotiate the Trans-Pacific Partnership (TPP) deal, participants in the auto industry on both sides of the Pacific are watching talks closely, as the outcome of these talks will potentially affect their businesses on fronts ranging from domestic content thresholds to intellectual property protection to the levels of tariffs faced by the industry. A new wrinkle has emerged in the form of potential currency manipulation controls to be included in the TPP. Continue reading this entry