Automotive industry outlook for 2024
Jan 30, 2024 · With new vehicle inventories stabilizing and pent-up demand fading, the automotive industry may return to normal in 2024 as it emerges from a tumultuous, pandemic-induced haze. But that doesn’t mean it will be a quiet year. Economic headwinds, a lack of charging infrastructure, and a confusing web of federal policies and regulations also ...
Top automotive industry conferences in 2024
Oct 12, 2023 · The 2023 North American International Detroit Auto Show. Courtesy of North American International Detroit Auto Show. This audio is auto-generated. Please let us know if you have feedback. Automotive industry conferences are returning to in-person formats, with notable organizers scheduling events for 2024. Upcoming events will touch on electric ...
Top automotive industry conferences in 2025 | Automotive Dive
Oct 1, 2024 · The National Automobile Dealers Association's annual convention and expo is expected to be one of the largest auto industry marketplaces. Per the event website, more than 500 companies will be showing off thousands of products, solutions and services for car dealers, so they can better serve their customers and sell more vehicles.
Automotive Industry News | Automotive Dive
Waymo raises $5.6B to expand ride-hailing operations. The company, which spun out of Google’s self-driving car project, aims to be the first to scale commercial robotaxis across the U.S. Autonomous.
The auto industry’s cybersecurity challenges are mounting, experts …
Oct 18, 2024 · The automotive industry also faces cyber risks at the enterprise level. Recently, a cyberattack against CDK Global, which provides software to over 15,000 car dealers in North America, disrupted sales and other activities. It cost retailers an estimated $944 billion over three weeks, according to consulting firm Anderson Economic Group.
Stellantis plans mass layoffs at Warren Truck Plant
Aug 12, 2024 · Stellantis is preparing to lay off up to 2,450 workers at its Warren Truck Assembly Plant in Michigan, the automaker confirmed in an email to Automotive Dive Friday. The plant employs 3,700 UAW-represented workers, meaning the layoffs could affect over 60% of the plant’s hourly workers. However, Stellantis said the actual number of impacted ...
Geely develops large language model for in-vehicle infotainment
Aug 3, 2023 · During a conference this week, Geely CEO Gan Jiayue said the automaker developed an AI-powered large language model that it plans to release later this year, Technode reported. The machine learning model will be integrated into Geely’s Galaxy L6, which launches in China later this year. Geely’s LLM will support voice commands for ...
Cybersecurity ranks atop auto industry concerns: report
Jul 2, 2024 · Automotive industry leaders rated cybersecurity as the ninth biggest external obstacle in last year’s Rockwell Automation report. But cybersecurity attacks resulted in roughly $11.8 billion in total damages during the first half of 2023 alone, compared to $2.3 billion in total damages across both 2021 and 2022, according to Statista .
3 EV trends shaping the auto industry in 2024 - Automotive Dive
Jan 9, 2024 · GM has made similar moves, announcing in October that it was abandoning plans to produce up to 400,000 EVs through mid-2024 as the company tries to balance market demand and profitability. Compounding the rival automakers’ problems is the growing number of competitors vying for U.S. EV market share. “The legacy OEMs really need to take an ...
New vehicle sales slowed in January | Automotive Dive
Jan 30, 2024 · New vehicle sales in the U.S. are on pace for a seasonally adjusted annual rate of 15.8 million in 2024, Cox Automotive said in a press release Monday. While the seasonally adjusted annual rate was down slightly from the 15.9 million units sold in December, it’s about 0.7 million units ahead of January 2023.