This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
The autoindustry has seen this need to improve familiarity in the past, with some advanced driver assist features such as ACC and even autonomous driving. The Ipsos Study uncovered the top five issues: driving range, affordability, access to charging stations, overall ownership cost and battery life.
In addition to space travel, Amazon founder Jeff Bezos has his eye on the autoindustry. Hes reportedly backing Slate Auto , an EV startup focused on building a compact electric truck for around $25,000. Details are scarce, but Newsweek connected with the company on a short teaser video posted to X.
He also said that auto manufacturers should strengthen their safety and quality control standards. Sales of domestically-manufactured autos rose 36 percent year on year to reach 13.14
BYD launched its Seagull, a small hatchback EV with a price tag starting at 69,800 yuan (~$9,773), at the Shanghai Auto Show last year. auto market anytime soon , some U.S. automotive groups have expressed concerns over the Seagull EV and other affordable mass-market EVs eventually coming to North America. BYD last year sold 1.57
Tesla’s 10-year maintenance and repair costs are the most affordable in the automotive industry, as shown in a new data analysis publicized last week. The total 10-year cost of maintaining and repairing a Tesla is the cheapest in the industry, according to a data analysis shared by Consumer Reports on Friday.
The G21 project The development of the Prius began in 1993 with the G21 project , which focused on fuel efficiency, low emissions, and affordability. The Prius was honored with an IEEE Milestone on 30 October during a ceremony held at company headquarters in Toyota City, Japan.
The anti-diesel agenda has set back progress on climate change, while electric vehicle demand remains disappointingly low amid consumer concerns around charging infrastructure availability and affordability. A consistent approach to incentives and tax, and greater investment in charging infrastructure will be critical.
The 2011 KPMG survey also finds the autoindustry heavily investing in future technology, new products and safety improvements. In fact, Hans Flick, national tax leader for KPMG’s automotive practice noted that executives appear to indicate that the idea of entry level cars may not have met expectations. Investments.
In polling 200 C-level executives in the global automotive industry for the 2012 automotive survey, KPMG found that executives in the US and Western Europe expect even less consumer adoption, projecting e-vehicles will only account for 6-10% of global annual auto sales.
These systems are expected to be more affordable for GM customers around the world and help GM expand vehicle electrification. Plug-in electric vehicles will play a critical role for the global autoindustry to cope with issues related to fuel supply and environmental sustainability. Earlier post.). Earlier post.).
Volkswagen is launching its “Electric for All” campaign—a strategic effort to put attractive electric vehicles at affordable prices on the road, paving the way for the breakthrough of electric vehicles. This Wallbox is an affordable home system that makes charging the ID. family easy and convenient.
A new study by the European Automobile Manufacturers’ Association (ACEA) finds that the affordability of electric cars remains a strong deterrent for customers across the EU, along with lack of infrastructure and lack of investment in infrastructure. The autoindustry is eager to move as fast as it can towards zero-emission vehicles.
As it transitions to fully electric, zero-emission vehicles, Volkswagen looks to maintain its position in the autoindustry. Part of this plan includes transforming iconic brand names like the Golf and Tiguan to electric while adding new EVs to the lineup, such as VW’s new affordable ID 2all concept.
An extravagantly priced all-electric vehicle was never going to appeal to a customer base that historically prized affordable V8 motors and simple, traditional designs. But weve seen similar trends throughout the industry.
This includes Uber Elevate that aims to provide affordable shared flights by 2023 with electrification as its core principle. Significant investment is being made in the next era of aviation by aerospace companies, including Boeing, Airbus, Rolls, GE, United Technologies, Embraer, Bell and others.
Experts in the autoindustry believe affordability is the remaining hurdle preventing electric vehicle (EV) sales from rising. Dave Katarski, the COO of Feldman Automotive Group, observed that people tend to buy EVs when they can afford them. We’re seeing a ton of people flock to them—when they can afford them.
HaloIPT’s technology will be marketed by Drayson Racing to the motorsport industry as affordable, practical systems for race cars and race circuits. This is a milestone innovation that will have a dramatic effect not just on racing but on the mainstream autoindustry.
Negative reaction to the widely expected announcement was voluminous and vociferous: Ceres: “Rolling back the Corporate Average Fuel Economy (CAFE) and emissions standards will undermine the global competitiveness of the US autoindustry. This decision takes the U.S. Earlier post.)
Autoindustry analysts expect tariffs to push new and used vehicle pricing higher as time goes on, but some automakers are pledging price freezes while they assess the damage. Nissan is among them, recently announcing that it would hold prices flat until June as it cranks through existing dealer inventory.
Affordable EVs seem to be a nut that no automaker can crack, as every promise of a “sub-$30,000” model or similar has fallen through in favor of higher prices. CEO Elon Musk has been beating the affordable EV drum for a while, telling investors in January that the car would enter production in Texas as soon as late 2025.
USAMP is a wholly owned subsidiary of USCAR focused on developing materials and processes that enable the high volume production of vehicles that are half the mass, more recyclable, of equal or better quality and durability, and are as affordable as vehicles today. Earlier post.). and General Motors Co.
EcoMotors International, a Khosla-funded startup working to commercialize a diesel opoc (opposed-piston, opposed-cylinder) engine ( earlier post ), has named autoindustry veteran Donald Runkle as its new CEO. EcoMotors was founded in 2008 by Prof. Don Runkle.
For McMaster, the project partnership is one of three new partnerships with Chrysler, the federal government and other autoindustry leaders worth a combined $24 million. Legislative pressure and socioeconomic forces are compelling the autoindustry to deliver unparalleled technological advancement at an unprecedented rate.
auto market already has an affordability problem. Commentary: No mainstream automaker will be immune to the pain, which will almost certainly be transferred to buyers through higher prices.
Gone are the days when the autoindustry used to be hardware oriented.” With decades of investments in the internal combustion engine (ICE) technology, auto manufacturers are required to continue with it to fund the fairly new and emerging space of EVs, he added. EVs do not bring the same sensory experience as ICE vehicles do.
Tesla Robotaxi Network expected to scale before competitors However, in the Q3 2024 earnings call, Musk reiterated Tesla’s belief that the autoindustry’s future is autonomous vehicles. Tesla is adamant that its autonomous Cybercab delivers what the future autoindustry will require. “In
Finally, the Prologue offers both Android Auto and Apple CarPlay as standard. In October 2023 Honda canceled plans for a previously announced second GM partnership to develop less costly, more affordable EVs using next-gen technology. They’ll likely run at least through 2028—with GM underpinnings, built by GM in its own factories.
a new 50:50 joint venture that will offer a range of stylish and affordable all-electric vehicles for consumers in China under a new indigenous brand. and board director of Zotye Auto. Zotye Auto is a pioneer in the Chinese all-electric vehicle segment. Earlier post.). Earlier post.).
We can surmise that this is partially attributed to the autoindustry targeting wealthier areas with marketing campaigns, and also because information and guidance about electric vehicles and subsidy programs is not distributed evenly across all populations. —Rubin and St-Louis (2016).
Despite this, the company still does not have a car that can compete in the affordable segment, as both the Model 3 sedan and Model Y crossover are still premium vehicles. The publication’s sources also noted that in recent years, Tesla tore down a Honda Civic to study how to manufacture affordable cars.
We've seen and driven the upcoming Audi e-tron quattro electric SUV, and this week got a look at the more affordable Q4 e-tron as well as four new plug-in hybrids coming from Audi. Auto-industry observers got their first.
After two consecutive years of swift growth in the autoindustry’s performance, what is your outlook for 2024? 2024 is likely to see the industry stabilize and return to normal. What are the key micro and macro indicators that will play an important role in shaping up the autoindustry in 2024?
Many automakers are turning to hybrid vehicles to boost sales while they work on more affordable BEVs. autoindustry European and American legacy automakers struggle to compete with next-generation car manufacturers like Tesla. However, even Tesla acknowledged the need for more affordable EVs.
Likewise, the auto components industry also touched a new high. According to data shared by Automotive Component Manufacturers Association (ACMA), in FY23, the industry grew 32.8 However, passenger vehicle exports bucked the trend and registered growth, largely due to higher demand for sports utility vehicles.
Affordable, lightweight and capable of withstanding temperatures 100 degrees Celsius higher than commercially available automotive cast alloys, ACMZ is proving to be suitable for the next generation of more fuel-efficient internal combustion engines. Earlier post.)
Most significantly this low voltage micro-mild hybrid technology with nominal 1 kWh batteries included can be achieved at a quarter of the add-on costs normally incurred with a full hybrid or electric vehicle. LC Super Hybrid features CPT SpeedStart advanced next generation stop-start technology (top right) and Mubea belt tensioner.
Since the next-gen Roadster was first seen on the tarmac coming out of a Semi, Tesla has worked hard to grow as an EV maker in an autoindustry dominated by fossil-fuel cars.
Volkswagen has big plans to secure its future in an ever-changing autoindustry. The German automaker is struggling with weak demand for its electric vehicles (EVs) and competing with Chinas affordable EV imports. Volkswagen continues negotiating with German unions AG and IG Metall as the automaker tries to secure its future.
This figure was not far from the $48,759 considered to be the average price of an ICE vehicle in the same month Following Tesla’s lead, the rest of the autoindustry saw an average EV sticker price of $50,798, showing a similar downward trend throughout the year.
Nissan is also developing affordable solutions to offer customers connectivity using multiple technologies as an aftersales option. Nissan’s aftersales business will be strengthened further with a focus on personalization and accessories, pushing Nissan to the forefront of customization in the autoindustry. —Kent O’Hara.
Small and affordable cars once formed the backbone of the Indian autoindustry but lost market share to the rise of SUVs. Normura, one of the renowned global financial services firm, has predicted that small and affordable cars are expected to bounce back in 2025.
We organize all of the trending information in your field so you don't have to. Join 5,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content