Entries Now Being Accepted for SAA’s Mobility Innovation Awards
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.
Companies can enter in one or both of the two award categories: Technologies Enabling New Business Models and Innovations in Lightweighting.
Register Today: Powering the Future with Hydrogen
Join the SAA on October 6 for a discussion with industry experts about the role hydrogen is expecting to play in powering the future of transportation. This in-person event will feature a panel of experts representing FORVIA, Toyota, American Center of Mobility, MichAuto, and Symbio.
This event is free to SAA members. Non-members rate is $99, which includes one-year SAA membership ($150 value).
Register Today for Foley & Lardner’s Automotive Forum at the North American International Auto Show
Foley is hosting a half-day Automotive Forum at the 2022 North American International Auto Show, Wednesday, September 14 at the Detroit Athletic Club. The morning Forum will uncover key areas spanning business and legal issues facing the automotive industry – including the continued impact of supply chain issues, incentives for E/V and mobility, and regulatory concerns. The Forum will feature a series of fast-paced sessions including a keynote address and fireside chat with Hilary Cain, Vice President, Technology, Innovation, & Mobility Policy, Alliance for Automotive Innovation and will be moderated by Michael Wayland, Auto Reporter for CNBC. The panel discussion will feature Alisyn Malek, Founder and CEO of Middle Third, Jim Saber, President and CEO of NextEnergy, and will be moderated by Foley Partner, Steve Hilfinger.
Sales in August Register the First Positive Result in More Than a Year Thanks to a Weak 2021, But Volumes Remain Flat for the Third Consecutive Month
For the third consecutive month, U.S. Light Vehicle sales totaled 1.13 million units, according to LMC Automotive. However, a weak August in 2021 and an extra selling day in 2022 made the month register the first positive yearly comparison since July 2021. Sales grew by 4% YoY, still constrained by lean inventories and affected by record-high transaction prices.
Shoppers are Starting to Shun New Cars in a Troubling Sign for the Auto Industry
Thanks to shortages, inflation, and massive dealer markups, car buying is the new Wild West. Given those rampant issues, it’s not surprising that some shoppers are pumping the brakes and rethinking the need to buy new. According to July insights from GfK AutoMobility, 57% of consumers have no intention of buying a new vehicle. That’s the highest level since 2016 and the report notes some of the most important demographics are turning away from new cars.
IRA May Limit EV Sales and Margin Gains for U.S. Autos
Provisions for electric vehicle (EV) tax credits under the Inflation Reduction Act (IRA) that aim to limit the number of buyers and cars that qualify may also temper EV sales growth and margin improvements for domestic auto manufacturers, Fitch Ratings says. We expect aggressive investment that boosts EV production to exert some pressure on near-to-medium-term OEM profitability and FCF. However, pent-up consumer demand will support new car sales and keep FCF margins at low to mid-single digits, which are at or above pre-pandemic levels.
Here's Why Major Car Manufacturers Believe Hydrogen Cars are the Future
The most recent battle in the automotive industry is between the proponents of electric cars and the hydrogen fuel cell electric vehicle advocates. While the latter sounds more like a title from a science fiction movie, the technology is here to stay. Not for nothing, various major players in the automotive industry and Western governments are backing the technology and investing massively in its development.
More States Likely to Follow California in Banning Sales of New Internal Combustion Engine Vehicles
More states are likely to follow California’s lead in banning the future sale of internal combustion engine vehicles as a means of accelerating demand for electric vehicles (EVs) and addressing climate change, according to NioCorp CEO and Executive Chairman Mark Smith.
EV Adoption Rates Vary Greatly by State
Fuels Institute’s Electric Vehicle Council has announced the release of its newest report, “EV Charger Deployment Optimization: An Analysis of U.S. State-level Electric Vehicle Supply Equipment Demand Forecast and Supporting Infrastructure Considerations.”
EVs Are Going to Cost Jobs Across the Auto Industry
Like a poker player that has nothing to lose, automakers have gone all in on EVs in such a short span of time it’s almost shocking. No looking at alternatives, no studies, no gradual transition. It’s happening whether we like it or not. But there’s one thing many people aren’t paying attention to that’s going to be affected by all this: jobs. Business Insider reports that experts predict hundreds of thousands of jobs in the auto industry are going to be lost with the EV transition.
The Motor City is Moving South as EVs Change the Automotive Industry
Jack Weaver can point to a cannon on a Civil War battlefield from the comfort of a shaded bench in his backyard — a visible marker of his land’s rich past. As he speaks about his small town, it’s over the loud rumble of cars and trucks at the intersection in front of his farmhouse red home.
SAA Industry Insights Reviews Key Findings of WRI Study
In the latest SAA Industry Insights, Plante Moran's Dave Andrea provides highlights of the company's 2022 WRI Study. Click here to watch the short video.
Market-Tilting Legislation May Soon Benefit Michigan Auto Industry
Jake Neher (Automotive News) reunites with Cheyna Roth to discuss how the Inflation Reduction Act and CHIPS will affect the future of Michigan’s automakers.
How Electric Vehicle Manufacturing Could Shrink the Midwestern Job Market
The race to build electric vehicles in the U.S. is heating up as fresh rounds of investment come out of Washington. Workers at the former heart of the auto industry fear being left behind.
August Sales Suggest Auto Industry May Be 'Turning the Corner'
TrueCar aid August sales data suggests the auto industry, which has been plagued by supply problems stemming from chip shortages and logistic issues, "may be turning the corner." Total new vehicle industry sales in August were expected to be up slightly from July and up 9% from a year ago, while used vehicle sales are expected to be up 4% from July but down 17% from last year. "We're seeing consecutive month over month increases for incentives, while average transaction prices are softening," said TrueCar Industry Analyst Zack Krelle.
Overcoming OEM Challenges for Noise, Vibration and Harshness in Battery Electric Vehicles
It can be hard to understand the effect that NVH has on drivers, as the vast majority have dealt with NVH situations associated with ICE vehicles their entire lives. However, according to SAE International, vehicle accessory, road and wind noise can cause driver fatigue and an overall negative effect on the passenger experience in long, high-speed vehicle travel. Without the noise of the engine, sounds from HVAC systems, chassis components and switching mechanisms become more prominent. Thus, OEMs must consider the NVH performance of every component in a BEV. Click here to learn more about addressing these challenges through innovation at the chassis level to create a more comfortable driving experience.
Nearly Half of Voters Don’t Want Their State to Follow California’s Lead on Banning New Sales of Gas-Powered Cars
One in three voters would support a ban on sales of new gas-powered vehicles in their state by 2035, though Democrats, urban voters were more likely to support a ban similar to one recently adopted in California.
Detroit Auto Show 2022 to Display New, Hard to Find Vehicles: Here's What to Look For
Whether you’re a frustrated shopper or a car lover eager to see the latest technology and styles, the North American International Auto Show will have plenty for you to see when it opens to the public Sept. 17 at Huntington Place convention center on Detroit’s riverfront.