Get expert automotive industry analysis from Learn the most recent news, market research and unique reports from the worldwide auto industry. Considering these disparate pressures on costs, there isn’t a simple components that OEMs or suppliers can use to enhance their return on capital. The answer will likely come from a mixture of actions. A part of the answer lies in consolidation, which reduces business capital necessities by eliminating competition and combining two manufacturing and design footprints into one. To a level, these goals explain 2016’s strong supplier M&A volume, continuing the development of the previous yr’s file deal value, according to PwC’s Global Automotive M&A Deals Insights 12 months-end 2016 report.
Therefor the Award does not only deal with innovation (together with products, know-how, business model and strategic innovation), but additionally makes a substantial contribution to mobility growth in China in addition to to the development of Chinese language automotive industry usually. And the analysis standards of Xuanyuan Award are effectively-recognized in the industry for their strictness.
Certainly, what is particularly notable about the present wave of innovation in automobiles is just not a lot the pace with which it has emerged (though that is remarkable) because the breadth of the innovation â€” how a lot it is altering the fundamental contours and options of the traditional automobile and amplifying the difficulty and cost of manufacturing automobiles. Ubiquitous electronics, a wide range of digital companies, and novel powertrains and connectivity programs are hastening the need for costly new elements, parts, and functions. For OEMs, the value tag is excessive â€” as a lot as 20 % higher than the price of the earlier era of cars.
Gross sales of automotive OEM coatings grew barely because of larger volumes in North America and Asia. In the automotive refinish coatings business, we noticed a slight sales decline as greater costs might solely partly offset destructive forex results and slightly lower volumes. The slight sales growth in the industrial coatings business was attributable to greater volumes. Gross sales fell barely within the ornamental paints business in Brazil, regardless of considerably elevated gross sales costs. This was largely the results of general weak demand in addition to unfavorable foreign money effects.
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