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Automotive Industry News
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The Chinese Automotive Industry – Opportunities in Diversity
China is now the largest single market for light duty vehicles, such as cars, light trucks, and sport utility vehicles.Speaking at a University of Michigan Transportation Research Institute sponsored conference titled "Inside China: Understanding China's Current and Future Automotive Industry," Mike Jackson, a senior executive of IHS Markit, said that there were over 25 million such vehicles sold in China in 2016.The market could easily top 30 million units by 2021.
Failure of the Automotive Industry
The US automotive industry suffered a fatal blow.Yet anyone who claims that the industry's demise can be linked to a single root-cause of failure is sadly mistaken.I spent the greater portion of 10 years within that industry many of which in an executive or managerial role.
The Biometrics Boom Is Coming To The Automotive Industry
Growth consultancy firm Frost & Sullivan is predicting a significant boom of biometrics in the automotive industry.In a statement announcing its new report, "Biometrics in the Global Automotive Industry, 2016-2025," the company asserts that advancing biometric technology "will radically transform the driving experience, health wellness and wellbeing (HWW), and security of vehicles by 2025," adding that one in three new vehicles will feature some form of biometric recognition –from iris, to voice, to fingerprint recognition.This is going to be further spurred by "[p]artnerships between automotive OEMs and wearable companies", adds Frost & Sullivan Intelligent Mobility Industry Analyst Joe Praveen Vijayakumar.
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