The desire to own a car generally is lower among younger people than their parents, yet aspiration still is strong among consumers 18-25 years old. Chinese youth lead the world, with 96% saying they want to own a personal vehicle.
The assignment is to design the interior of a compact CUV or SUV aimed at active professionals who want a car that drives itself on daily commutes but who also want the option to physically drive in the country on weekends.
In its sixth collaboration with the College for Creative Studies and sponsors Lear and IAC, WardsAuto challenged transportation design students to create a compact CUV for 2030 that is autonomous on daily commutes, but becomes a driver’s car on weekends.
Tesla sales were up 55% to 10,300 units in the first quarter. But it is a tiny automaker that sold 32,000 vehicles globally last year and only 13,785 units in the U.S., according to WardsAuto estimates. With their reputations at stake, the world’s biggest automakers are rolling out their best efforts in electrified vehicles over the next several years and are more interested in earning carbon credits than profits.
Favorable exchange rates, growing new-vehicle demand worldwide and some astute management moves play a role in the positive near-term outlook. Weaknesses? There are some, says CLSA’s Chris Richter....More
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the auto industry will lack manufacturing expertise in coming years, either because current workers’ skills will become outdated or the number of new mechanics and engineers will fall short of demand....More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