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Affordability is a challenge for carmakers and their customers who must contend with rising interest rates and falling trade-in values. Those two factors are combining to reduce their purchasing power as the price of new vehicles have reached an all-time high.
Read MoreWith energy prices in Europe skyrocketing, placing business bottom lines in triage mode, a harsh winter could place certain automotive sectors at risk of being unable to keep their production lines running.
Read MoreTraditional 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.
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The SAA has a robust line-up of in-person and virtual events planned for 2022. Check regularly for updates.
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Read MoreThe 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.
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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 MoreWhat’s struck me in the past years is how the tools we have at our disposal, at a societal and corporate level, are insufficient to solve the big challenges we face. We see this with the pandemic, climate change, social inequity and much more. And, more recently, in the disruptions in supply chains, which have created global shortages of key components and materials – many of those impacting the automotive industry. To solve our biggest issues, we don’t have a choice but to get together and create joint, interwoven solutions.
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December’s Global Light Vehicle (LV) selling rate fell for the fourth consecutive month to 82.7 mn units/year, despite flat YoY raw monthly registrations. The total sales figure for 2022, 81mn vehicles, came in slightly below that of 2021 (-0.6%) due to heightened market disruptions.
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“New technologies lead to new challenges,” says NHTSA’s Stephen Ridella during the 8th Annual Automotive Recalls Summit held in partnership with Stout on March 18.
Read MoreThe COVID crisis is proving to be a bigger accelerator for altering the automotive industry in fundamental ways than originally expected. OEMs must continue to grapple with the challenges brought about by autonomous driving, shared mobility, driveline electrification, but now there are additional changes in manufacturing as automaking transforms to a product from a service.
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