mibiz/Cautious optimism continues as automotive industry evolves

Cautious optimism continues as automotive industry evolves

Joining MiBiz for an automotive supplier roundtable were (from left) Bob Roth of RoMan Manufacturing Inc., Scott Hill of Varnum LLP, Chris Hall of Motus Integrated Technologies and Mark White of Shape Corp.The automotive industry rapidly approaches a convergence point.Uncertainty over the next downturn in the cycle, federal regulations and a tumultuous global economy along with the growth of disruptive technologies have created a unique environment for automotive suppliers.

On Board Diagnostics (OBD) II - An innovation in today's automotive industry - AutoLogue by Ashish Gulati

According to Market and Market Research, the global automotive market was valued at nearly 90 million units in 2014 and estimated to grow at a CAGR of more than 6% over the next four years.The influx of many international vehicle manufacturers in developing countries is driving the market for OBD systems.Any OBD system with remote diagnostics is expected to buoy the market.

China's $821mln investment in S.A's automotive industry

The Coega Development Corporation signed a R11 billion ($821million) Investment with the Beijing Automobile International Corporation (BAIC), the biggest automotive investment in Africa in the last 40 years.The BAIC investment is an outcome of the Forum on China-Africa Cooperation (FOCAC) that was held in Johannesburg in December 2015, where South Africa's President Jacob Zuma and Chinese Prime Minister Xi Jinping signed no less than 26 bilateral agreements valued at approximately R100 billion.According Minister of Trade and Industry, Dr Rob Davies the investment is significant and deepens our economic relationship with China.