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    Major revision for global light vehicle production forecast – what it means for OEMs’ technology deployment
    The IHS Markit light vehicle production forecast has been cut by 6.2% or 5.02 million units in 2021, and by 9.3% or 8.45 million units in 2022, to stand at 75.8 million units and 82.6 million units, respectively. For 2023, we have reduced the forecast by 1.05 million units or 1.1% to 92 million unit...
    What Fit for 55 means for all member nations in the European Union
    Unveiling a roadmap to make Europe the world’s first climate neutral continent by 2050, the European Commission rolled out the ‘Fit for 55’ package on 14 July 2021, proposing that the suggestions made by the governing body be made legally binding for all members of the European Union (EU). ...
    19-Aug-2021 Insights Policy & Regulation Pinned
    NCOA, VW survey shows 70% of older drivers accept autonomous vehicles and autonomous ride-hailing services
    According to a press release published on PR Newswire on 26 July, the National Council on Aging (NCOA), the national voice for everyone's right to age well, and Volkswagen Group of America released the results of an online survey of older adults designed to better understand attitudes and perception...
    Renault CEO expects semiconductor shortage to be felt into 2022
    According to a press release on Bloomberg dated 8 July, Renault SA CEO Luca de Meo said the effects of the global semiconductor shortage will be felt through next year, a warning that does not bode well for a recovery in auto production. Major suppliers have cautioned Renault that the shorta...
    CLEPA calls for EU strategy to address the shortages of semiconductors
    According to a press release on automotive logistics dated 21 June, the European Association of Automotive Suppliers (CLEPA) stated that a shortage of semiconductors has so far delayed the production of 500,000 vehicles worldwide. It also stated that the shortage will be felt well into 2022, limitin...
    Audi implements AI to monitor supply chain for sustainability
    Volkswagen’s premium car unit Audi has deployed artificial intelligence (AI) to monitor its supply chain and other areas for sustainability, the company said in a press release on 17 June. Started off as a pilot project in October 2020, Audi’s AI tools serve as digital early warning radar for...
    Intel says global semiconductors shortage could take several years to be resolved
    On 31 May, Intel CEO Pat Gelsinger said it could take several years for a global shortage of semiconductors to be resolved. This is a problem that has shuttered some auto production lines and is also being felt in other areas, including consumer electronics. He told a virtual session of...
    Renesas fire-hit chip plant in Japan to start full production around mid-June
    Renesas Electronics Corp is expected to restore full production capacity at a fire-damaged chip plant in Japan by mid-June as per the company's press release dated 1 June.  Capacity on the Naka plant's 300mm chip line in eastern Japan had returned to about 88% of pre-fire levels at...
    Ford CEO urges US government to set standards for fully or partially automated vehicles
    According to an article by Gadgets360 dated 24 May, the CEO of America's second-largest auto company, Ford, is calling for the federal government to set standards for fully or partially automated vehicles to tighten the safety of electronic driving systems. In urging federal regulation, Ford CEO ...
    TSMC expects to meet "minimum requirement" of demand for automotive chips by end-June
    Taiwan Semiconductor Manufacturing, expects to be able to catch up with the "minimum requirement" of customer demand for auto chips by the end of June, its chairman told US broadcaster CBS as per Reuters press release dated 3 May. Speaking to CBS' 60 Minutes in comments broadcast on Sunday, ...
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