By on August 3, 2017

Volvo-self-driving-car

Suppliers have begun putting automotive companies on blast for overly ambitious mobility claims. While self-driving cars are definitely en route, manufacturers have ramped up their arrival time and omitted the necessary pit stops to win favor with investors or the general public. Meanwhile, parts suppliers have been frank on the matter — explaining they know when autonomous cars are really coming because they’ll be the ones providing the tidbits that make them work.

Don Walker, CEO of Magna International, one of the world’s largest OEM parts suppliers, suggests automakers may even be misleading their customers. “A full autonomous vehicle is a long way off for lots of reasons, because of legislation, class-action lawsuits, all the complexities and the costs associated with it,” the executive said.

Speaking Wednesday at the 2017 Center for Automotive Research Management Briefing Seminars, Walker also took umbrage with the popular claim that electric vehicles could comprise around 25 percent of the new market by 2025. Instead, he claims EVs will only account for 3 to 6 percent of the global market within that timeframe — a figure predominantly dependent on how swiftly the highly regulated Chinese market grows. (Read More…)

By on March 26, 2015

Pininfarina Sergio Concept

Pininfarina designs many things: Ferraris, scissors, Coke machines. Now, Mahindra & Mahindra wants the Italian house’s talents.

(Read More…)

By on January 13, 2012

2011 was a fascinating year to follow auto sales. With the overall market up over 10%, and hot new products hitting showrooms, there was definitely room to grow… and yet everyone seems to have an excuse for why growth wasn’t stronger. Japanese automakers, the biggest losers of 2011, had a strong of natural disasters to blame the bad year on. Detroit showed strong volume gains in terms of percentage growth, and earned respect in growing segments where they were previously weak, but couldn’t match the expectations of its perennially over-optimistic boosters. The Korean manufacturers showed strong market share growth but lack of capacity prevented them from bounding into the top tier of the US sales game. In fact, only the European luxury manufacturers could point to 2011’s sales performance with unalloyed satisfaction, as they grew some 29.5% as a group, from an already-strong volume position. So, given these mixed results, what was the lesson of 2011?

(Read More…)

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