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Entries are now being accepted for SAA's Mobility Innovation Awards, which are free and easy to enter.
Winners will be announced during SAA's Mobility Innovation Summit on November 15, 2022. Deadline for entries is October 21, 2022.
Average Age of Vehicles in the U.S. Increases to 12.2 Years, According to S&P Global Mobility
The average age of light vehicles in operation (VIO) in the US rose to 12.2 years this year, increasing by nearly two months over the prior year, according to new research from S&P Global Mobility (formerly the automotive team at IHS Markit).
Read MoreTraditional Automakers to Ramp Up EV Competition in China
Traditional automakers in China are likely to boost their electric vehicle (EV) market shares by absorbing more of the cost increase caused by ongoing supply-chain bottlenecks, says Fitch Ratings. They will be supported by their more profitable internal combustion engine vehicles (ICEVs) and more robust funding access, compared to the EV start-ups.
Read MoreToyota, Honda Finish 1-2; General Motors Finishes at 3rd in Annual Supplier Working Relations Study
Results of the 22nd annual North American Automotive OEM – Supplier Working Relations Index® (WRI®) Study show in spite of supply chain shortages and production volatility, transition pains to electric vehicles, logistics constraints, and increasing raw material costs impacting automakers and suppliers, two of the six major U.S. OEMs made substantial improvement in their WRI® scores and two held steady, while two others fell – one significantly.
Read MoreThis is Where Electric Vehicle Adoption is Headed Between 2022 and 2025
The number of consumers looking to buy EVs globally has hit 52%. This is the first time 50% has been exceeded, and it represents a rise of 22 percentage points in just two years.
Read MoreOn May 16, Stellantis rescinded its new purchase order terms and conditions for North America and reinstated the prior version of the terms and conditions. Suppliers should check out Foley’s article for a breakdown of the changes to make sure you know how they will apply to your contracts going forward. If you have any questions regarding the article’s content, please contact Vanessa Miller or Nicholas Ellis.


