True to its history of rise, fall and rise again, Brazil’s auto industry has no intention of fading away, despite a stagnant economy that remains unaffected by the postponement of the government’s IPI tax increase on vehicles.
Global car companies count on exports to buoy their bottom line, and many build cars overseas where they sell them. But while some key markets appear to be thriving, outlooks are cautious for others that are forcing lowered expectations.
Ford’s current level of localization in Russia is estimated at 40%, and the automaker says it intends to raise that share to 83%-85% by 2019. That is significantly higher than the 60% target stipulated in an agreement with the government....More
Sergio Marchionne declines to reveal potential partners or whether he is in discussions with other OEMs, but says financial analysts must play role in promoting the need for industry consolidation....More
The impetus behind EPIC is concern the auto industry will lack manufacturing expertise in coming years, either because current workers’ skills will become outdated or the number of new mechanics and engineers will fall short of demand....More
The in-vehicle experience continues to evolve rapidly, with both automakers and suppliers ramping up the rate of innovation. Here are a few thoughts on how we can bring a human touch to these connected features....More