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Technologies On The Horizon In The Automotive Industry

New technologies in automotive industryThe US automotive industry is fresh off of a record breaking sales year in 2016, with over 17.five million vehicles sold Globally, the auto industry is experiencing its largest growth in developing and emerging economies. In pursuit of autonomous technologies and cars, automotive and technology businesses are collaborating on improvement and production. For instance, in July, BMW, Intel and Mobileye announced their partnership to create a totally autonomous vehicle by 2021.7 Regardless of public perception and the present lack of clarity relating to a regulatory framework for these automobiles, automotive companies are confident that totally autonomous autos, which are projected to be a $42 billion market by 2025,eight are the future of the business, so they are adopting strategies accordingly to meet altering customer demands and lifestyles.

Tesla is at the forefront of the fuel-efficiency movement , releasing a slew of electric and hybrid cars that can take you for hundreds of miles with a single charge. In 2016, more than 2 million electric autos were sold worldwide and this figure is expected to rise in the close to future as more automotive makers implement electric automobile technologies to their fold. Firms such as VW and Common Motors have recently unveiled electric vehicles to their fleet, whilst Volvo mentioned that all of the engines they generate will be equipped with an electric motor by 2019.

The objective of this paper is to overview trends of the automotive industry in an international context and assess their effect on the Mexican automotive market. The effect of technological transformations on the international place of production and the extent to which export potentials from Mexico ought to or could stay connected with domestic industry achievements are two major issues. A proper and realistic assessment of these concerns from a Mexican …