Ford is cranking up the pressure on Wrangler and other SUVs, by doubling-down on the 2021 Bronco’s bulging accessory portfolio. Official add-ons for the upcoming truck – along with the 2021 Bronco Sport that will launch later this year – were given equal billing in Ford’s big Bronco announcement last month, and now it’s showing just what can be done … Continue reading
American companies are nervous about government-imposed limits on use of the popular Chinese app, according to report.
Now you can explore the new F-150 through your phone or tablet, and avoid the dealership experience altogether.
Best of all, a whole lot of this stuff will be ready to roll at launch.
Automotive Infotainment Market report 2020 entitles with an in-depth analysis towards the competitive market, which involves the market shares and company outline of the major competitors functioning in the Automotive Infotainment Market.The global Automotive Infotainment Market report will be maintaining good productivity with increasing CAGR of XX%.Considering all the basic aspects such as product type, application, various industrial competitors, and regional analysis.Request for a sample report here https://www.adroitmarketresearch.com/contacts/request-sample/795Prominent players included in the Automotive Infotainment Market: Continental AG, Pioneer Corporation, Garmin Ltd., Kenwood Corporation, Harman International Industries, Inc., Alpine Electronics, Aptiv PLC, Panasonic Corporation, General Motors Company, Volkswagen AG, Honda Motor Co. Ltd., Ford Motor Company and othersKey segments of the global automotive infotainment marketVehicle Type Overview, 2015-2025 (USD million)Passenger carsCommercial vehiclesOperating System Overview, 2015-2025 (USD million)QNXMicrosoftLinuxOthersRegional Overview, 2015-2025 (USD million)North AmericaEuropeAsia PacificRest of the worldRead complete report with TOC here https://www.adroitmarketresearch.com/industry-reports/automotive-infotainment-marketThe Automotive Infotainment Market report represents an important tool towards the manufacturers all over the world along with the value chain and also for new competitors by allowing them to benefit from business opportunities as well advanced business tactics.The Automotive Infotainment Market report explains the basic fundamentals related to the market strategies their applications, product specifications, definitions, various classifications, production process, their cost structure, Automotive Infotainment Market raw materials analysis and even more.Ask our Expert if You Have a Query at:Questions answered in the global Automotive Infotainment Market report:What are the market strategies applicable, market insight, and Automotive Infotainment Market product type analysis?What are driving factors influencing the growth of the global Automotive Infotainment Market, analysis by region and application?What are the market dynamics that involves the scope of the product and price breakdown of Automotive Infotainment Market key manufacturers?Who are the major challenges, opportunities and risk factors for Automotive Infotainment Market, including the upstream and downstream towards raw material and buyers?Who are the key market players, Automotive Infotainment Market business outline by application, product type, market share and gross profit?What are major threats tackled by the sellers in the global Automotive Infotainment Market?The Automotive Infotainment Market current and past data related to market signifies the existing market valuation and the future prospects.Moreover, data collected here are through primary and secondary research, that includes interviews with major Automotive Infotainment Market industries including the values of top manufacturers, their suppliers, and various application, as well company report, latest trends, and reviews.Also, through different research findings, Automotive Infotainment Market distribution channels, traders, results, and Appendix.Ask our Expert if You Have a Query at: https://www.adroitmarketresearch.com/contacts/enquiry-before-buying/795About Us: Adroit Market Research is an India-based business analytics and consulting company incorporated in 2018.
Photo by Sam Byford / The Verge
Several major US companies have expressed their concern over the effects of the Trump administration’s executive order targeting WeChat, according to a report in The Wall Street Journal. “More than a dozen” companies including Apple, Ford, Walmart, and Disney are all said to have taken part in a call with White House officials on Tuesday where the companies detailed the adverse consequences that a ban on WeChat could have on their own businesses.
The executive order was signed on Thursday night and explicitly blocks “any transaction that is related to WeChat.” It’s set to go into effect in a matter of weeks, but due to its broad language there’s still a lot of confusion on the intended reach of the ban, which is subject to the Commerce...
The hybrid power would likely come from Ford's electrified 10-speed automatic transmission as seen on the Explorer hybrid.
That's not all: 4,000 Ford F-150 and Lincoln Corsair models are also being recalled for unrelated issues.
Could it possibly be a roundabout way of getting people to preorder the new Bronco?
When American carmaker Ford announced that it was breathing new life into the Mustang name and resurrecting it in the form of an electric vehicle people were a bit miffed. “Electric and Mustang‽” they scoffed, “those two words just don’t go together!” I’m not even going to touch the whole “what’s a Mustang badge doing on a crossover SUV” conversation. Oh look a real mustang , maybe you guys should focus on that and not the “mach e” bull crap — joe (@joewaldo4) January 6, 2020 Bringing back iconic names is a bit on trend at the moment, Ford isn’t… This story continues at The Next WebOr just read more coverage about: Tesla
Yes, you read it right. The Aviar R67 is a Tesla Model S underneath. However, Russian EV maker Aviar has fitted it with the body style of Ford’s iconic first-gen Mustang fastback. Or, you can think of it as a Mustang EV that goes faster than Tesla’s Model S sedan, but you get the drift. All we know is the … Continue reading
This article was originally published by Michael Coates on Clean Fleet Report, a publication that gives its readers the information they need to move to cars and trucks with best fuel economy, including electric cars, fuel cells, plug-in hybrids, hybrids and advanced diesel and gasoline engines. Ford is clearly focused on not just producing an electric car that is designed for calm commutes and hands-free driving, but delivering some excitement along with the electricity. Enter the all-electric Mustang Mach-E 1400 – a one-of-a-kind prototype developed in collaboration with RTR Vehicles to demonstrate the performance possibilities of electric propulsion. Add five motors… This story continues at The Next Web
Video shows the Bronco with the Sasquatch package tackling one of the toughest off-road trails in the US, though it gets a tad stuck.
Ford's big SUV is actually cheaper for the new model year.
Though Ford's stock price declined during his tenure as CEO, Jim Hackett has made smart moves to prepare Ford for the future, two auto-industry experts told Business Insider.
Hackett, who'll retire in October and be replaced by COO Jim Farley, strengthened Ford's investment in the autonomous-vehicle startup Argo AI through a deal with Volkswagen.
And he set a plan to install tech in Ford cars that will allow them to communicate with stop signs, traffic lights, and other vehicles.
Visit Business Insider's homepage for more stories.
Since Jim Hackett became Ford's CEO in 2017, investors have sent a clear message about their lack of confidence in the automaker's future, sending its shares down from $11 at the beginning of his tenure to $7 when markets opened on Wednesday. Ford's stock price trails those of General Motors ($26, as of Wednesday morning), Fiat Chrysler ($11), Tesla ($1,505), and even Nikola ($33), an electric-truck startup that doesn't plan to begin production of its first vehicle until next year.
But Wall Street's skepticism doesn't mean Hackett, who announced on Tuesday that he'll retire in October and be replaced by COO Jim Farley, has neglected Ford's future. Under his leadership, Ford has taken promising steps to prepare for a world in which cars will be increasingly autonomous, electric, and connected, two auto-industry experts told Business Insider.
"At least in those areas, Ford, I think, has acquitted itself reasonably well," said Michael Ramsey, an analyst at Gartner.
Hackett negotiated a big deal with Volkswagen
Though Ford appears to lag behind GM in electric vehicles, automated-driving technology, and vehicle connectivity, it has made promising moves in those areas. Hackett, Ramsey said, was wise to commit Ford to installing in all future vehicles, starting in 2022, tech that will allow them to communicate with each other and nearby traffic infrastructure. That year, Ford also plans to begin operating autonomous ride-hailing and delivery services powered by the startup Argo AI's automated-driving system. Ford invested $1 billion in the company in 2017 under Hackett's predecessor, Mark Fields, but it was Hackett who bolstered that investment by negotiating a wide-ranging partnership with Volkswagen that resulted in Argo receiving $2.6 billion from the German automaker.
The Volkswagen deal also gives Ford access to its partner's electric vehicle platform, sparing Ford the cost of having to develop one from scratch. Ford has not received much acclaim for its EV strategy, which has been less aggressive than GM's, said Michelle Krebs, an analyst at Cox Automotive. In addition to developing its own EV platform, GM is building a factory that will house a battery joint venture with LG Chem, a move Ford has not yet matched. But GM's decisiveness won't necessarily be more lucrative than Ford's relative caution, Krebs said, even if it looks good now. There's still plenty of uncertainty around how much consumers will embrace EVs, which made up less than 3% of the global auto market in 2019.
"I think they're being smartly cautious," Krebs said.
Hackett has struggled to communicate his vision
The reason investors have not responded to Hackett's moves may lie in his failure to tie them together into a clear and compelling vision, Ramsey said. Hackett's discursive communication style, which has at times confused his own employees, contrasts sharply against that of Alan Mulally, the exec lauded for pulling Ford through the Great Recession in part by clearly outlining his priorities, Ramsey said.
Hackett, who led Ford's mobility division before becoming CEO, may ultimately be remembered as a transitional figure who began a reinvention his successors will complete. On a conference call on Tuesday following the CEO change announcement, executive chairman Bill Ford described Hackett as a kind of table-setter for Farley, who will be tasked with building on his predecessor's efforts.
"I asked Jim to help modernize Ford and to begin a transformation that would radically change our company," Ford said. "We have lots of work ahead of us to really complete our mission, but thanks to Jim, we are a very different company today than we were three years ago."
Outgoing Ford CEO Jim Hackett never won over Wall Street — but he triumphed in his fight to change the carmaker's culture
Ford's new CEO named Amazon, Apple, and Tesla — not GM — as his key rivals. Industry experts say he's exactly right.
Ford's CEO switch-out shows that the automaker is still a family business — and that Bill Ford is still in charge
Meet new Ford CEO Jim Farley, the sports car lover who once said 'F--- GM'
SEE ALSO: Tesla competitor Nikola sinks 17% after debut earnings report misses forecasts and analyst call turns contentious
Join the conversation about this story » NOW WATCH: Swayze Valentine is the only female treating fighters' cuts and bruises inside the UFC octagon
The final Fusion left the assembly line on July 31, meaning Ford no longer builds a sedan for America.
Ford just got its fourth CEO in six years.
Ford announced on Tuesday that CEO Jim Hackett will retire October 1 and be replaced by current COO Jim Farley.
Ford remains a family business, overseen by Bill Ford, the company's chairman and great-grandson of founder Henry Ford.
The carmaker's share price has been in decline for years, through three different CEOs. The Ford family still controls the company — and relies on the stock.
Visit Business Insider's homepage for more stories.
When Jim Hackett announced his retirement as CEO for Ford after a tough three years of restructuring, the first voice on a conference call with the media was that of Bill Ford.
"I thank him for his brave leadership and his friendship," Ford said of Hackett.
The chairman of the automaker's board of directors served as CEO from 2001 to 2006, before stepping down to let former Boeing exec Alan Mulally steer Ford through the Great Recession. But 14 years and three CEOs later, Henry Ford's great-grandson commands a leading role in what is still very much a family business.
On the call, Bill Ford praised Hackett, whom the board elevated to CEO in 2017, after Mulally's successor, Mark Fields, failed to deliver on profit forecasts to Wall Street. But the 117-year-old company's stock continued to slide under Hackett, dropping 40% since 2017.
That puts Bill Ford in a tricky spot. Thanks to a special class of "super" shares, Henry Ford's descendants control 40% of the company — and they need their stake to perform well.
Ford suspended its dividend earlier this year, as the coronavirus pandemic ravaged its US and European operations. The company has a fortress balance sheet with $39 in total liquidity, but has borrowed billions to brace for the COVID-19 shutdown. CFO Tim Stone said much of those credit lines would be repaid and that Ford expects to return to profitability in the third quarter. But the carmaker's market performance had been disappointing, even before the pandemic struck, despite a run of positive bottom-line years since the 2009 downturn.
It hasn't been lost on Bill Ford, either, that Tesla's $266 billion market cap is ten times higher than Ford's, despite selling roughly 250,000 cars in 2019, compared to Ford's 5.4 million.
Bill Ford wants a different future for his family's 117-year-old business
Bill Ford has long been a forward-thinking leader, articulating a future for his family's company that stresses environmental stewardship and high-tech, urban-focused, connected mobility over simply building more F-150 pickup trucks. But the F-150s, with their juicy profit margins and history as America's best-selling vehicle, literally pay the bills. Ford's North American business makes up for struggles in Europe and South America, as well as a late start in China relative to competitors such as VW and GM.
When Hackett, now 65, became CEO, the view in the industry was that his primary mission was to articulate Bull Ford's vision, which made sense as he had been overseeing Ford's "smart mobility" initiatives after a stint on the board. Two other executives, Joe Hinrichs and Farley, would manage the actual car business.
But Bill Ford remained very much in the picture, more so than he had been when Mulally was in charge, and even later when Fields became CEO. He made it clear on Tuesday that in Farley, Ford had committed to an industry veteran after taking a chance on an offbeat outsider who had run furniture maker Steelcase and had gotten involved with Silicon Valley through investments in influential California design firm IDEO.
"My closest ally in this was Bill Ford," Hackett told Business Insider in an interview several weeks ago. "I've gotten to test ideas with him constantly. He and I would talk three or four times a day. The other day, he said, 'It's a better company since you've been here.' You could have knocked me over with a feather."
Farley, who came to Ford from Toyota in 2007, was being tracked for the CEO job at least since the beginning of the year, when Hinrichs abruptly left the carmaker, clarifying the succession plan. Farley is a noted gearhead who likes to work on his own cars and frequents race tracks, but he's also known as a marketing maven.
And with Ford in the middle of rolling out critical products including a new F-150, the revived Bronco SUV, and a marquee electric vehicle in the new Mustang Mach-E, the chairman's view could be that the time for talking up the future is over — and that the company needs to core business to do its job.
That doesn't mean Ford can forget about the transformation of the auto industry that's now underway. But it could mean that in the next year or two, we'll be hearing a lot more about that from the man whose name is still on the building.FOLLOW US: On Facebook for more car and transportation content!
Join the conversation about this story » NOW WATCH: How the Ford GT was aerodynamically designed
Ford CEO Jim Hackett is stepping down, retiring from the company in the midst of its transition to greater electrification. Hackett took over the chief executive role in 2017, replacing Mark Fields; he in turn will be replaced by Jim Farley, who until now has been Ford’s chief operating officer, and who will take over the CEO roll from October … Continue reading
No doubt this is the newly revealed F-150 with the Raptor treatment, and it ditches one major element going forward.
Shelby also plans to give the GT350 some love with its own Signature Edition model.
We'll finally get to build our own digital Broncos by September.
solar vehicle market is expected to register a healthy CAGR of 37.54% in the forecast period of 2019-2026.Solar vehicles are automotive that have been equipped and integrated with solar cells that can generate and store electricity for powering up various components inside the vehicle and even help in mobility of the electric vehicles.Solar vehicles do not utilize or depend completely on solar energy for mobility of the vehicle or powering the components inside the vehicles as currently they are only focused as an alternative source of energy.Key Market Competitors: Global Solar Vehicle Market Few of the major competitors currently working in the global solar vehicle market are Daimler AG; Ford Motor Company; TOYOTA MOTOR CORPORATION; Volkswagen AG; Panasonic Corporation; ZF Friedrichshafen AG; AB Volvo; BYD Company Ltd.; Schaeffler AG; Continental AG; Tesla; Nissan; Mahindra & Mahindra Ltd.; Sono Motors; GM Cruise LLC; Hanergy Thin Film Power Group Limited; Solar Electric Vehicle Company; Atlas Technologies; JJ PV Solar; Trina Solar; Surat Exim Pvt.Ltd.; Jinko Solar; Sikco Sustainability Assured and Venturi Automobiles.Get Exclusive Sample Report: @ https://www.databridgemarketresearch.com/request-a-sample/?dbmr=global-solar-vehicle-marketSegmentation: Global Solar Vehicle Market By EV Type (HEV, BEV, PHEV), Vehicle Type (PV, CV)By Battery (Lithium-Ion, Lead-Acid, Lead Carbon)By Solar Panel (Monocrystalline Solar Panel, Polycrystalline Solar Panel)By Charging Station (Residential, Commercial)By NEV Type (Commercial Turf Utility Vehicles, Golf Carts, Personal Carrier, Industrial Utility Vehicles)Competitive Analysis: Global Solar Vehicle MarketGlobal solar vehicle market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market.The report includes market shares of solar vehicle market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.Market Drivers:Rise in the levels of concerns for the environment has resulted in a rise in adoption for eco-friendly vehicles; this factor is expected to drive the growth of the marketIncreased initiatives undertaken by the governments to provide subsidies, financial benefits is expected to drive the growth of the marketDecreasing prices of components utilized in the development and integration of solar vehicles is expected to positively affect the growth of the marketMarket Restraints:Lack in the efficiency of the vehicles powered through solar energy as they are significantly high costs is expected to restrain the growth of the marketLack in the availability of standardization of the products in the market is expected to restrain the growth of the marketInquiry Before Buying @ https://www.databridgemarketresearch.com/inquire-before-buying/?dbmr=global-solar-vehicle-marketKey Insights in the report:Complete and distinct analysis of the market drivers and restraintsKey market players involved in this industryDetailed analysis of the market segmentationCompetitive analysis of the key players involvedAbout Us: Data Bridge Market Research set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approaches.We are determined to unearth the best market opportunities and foster efficient information for your business to thrive in the market.
One of the hottest muscle cars in the market today is the 2020 Ford Shelby GT500. As the folks at Shelby have done almost since the Ford Mustang launched, they have taken the 2020 GT500 and hopped it up with more horsepower and performance. The resulting vehicle is the Ford Shelby GT500SE. Shelby American will limit the car to only … Continue reading
Here's a look at our most important stories for the week ending Aug. 1.
For years, potential competitors kept an eye on Tesla as it absorbed all the risk of creating a viable market for electric vehicles.
While the electric-vehicle market hovers in the single digits, the conventional wisdom was that Tesla would exhaust itself proving that consumers actually wanted to go electric.
But with the EV market now poised to rapidly grow, Tesla finds itself with the most powerful brand, nurtured for more than a decade by charismatic, controversial CEO Elon Musk.
Visit Business Insider's homepage for more stories.
In the car business, it's often said that brands are grand, but products pay the bills. In other words, you can capture or retain customers with what your company stands for, but long-term, if you don't have great vehicles, you're going to have a problem.
For almost its entire history, more than 15 years, Tesla has inverted that wisdom. A few years ago, the carmaker was barely selling any vehicles relative to its global competitors. Last year, Tesla delivered only about 250,000 vehicles, while General Motors sold almost 8 million.
Investors have decided that this means Tesla should be worth $300 billion in market capitalization, more valuable than GM, Ford, and Fiat Chrysler Automobiles combined — and topping Volkswagen and Toyota, the two biggest automakers on Earth.
Vehicle sales obviously don't add up to $300 billion in value; Tesla's quarterly revenue remains far below a Detroit Big Three car company. It's a bet on the future, and a prediction that Tesla should be able to expand its near-monopoly of the EV market as that market grows from a currently tiny basis, merely 1-2% of worldwide sales.
Investor optimism is that Tesla will maintain a dominant share, increase it scale, and notch enviable profit margins, perhaps more than 10% (high-volume luxury carmakers operate at that level, while mass-market companies run in the single-digit range).
But for now, the Tesla brand is mighty. Here's how that happened:FOLLOW US: On Facebook for more car and transportation content!
The Tesla brand predates its first vehicle. But it was the original Roadster that announced Tesla's objectives to the world in the mid-2000s.
The Roadster combined high-performance with a save-the-planet mission.
The previously best-known electric car was the innovative EV1, introduced in the 1990s, but infamously killed by General Motors.
The original Tesla Roadster, with its sub-4-second 0-to-60 mph time, proved that an electric car could be more than a glorified golf cart.
The mission was clear, but it needed a compelling megaphone in the person of CEO Elon Musk. After selling PayPal to eBay in 2002, Musk sunk hundreds of millions of dollars into Tesla and other futuristic ventures.
Musk cultivated the image of a maverick nerd who lived by his own rules.
His brand-building wasn't limited to Tesla. With SpaceX, he sought to make humanity "multi-planetary," to "back up the biosphere" by ushering in a new age of private spaceflight, with an ultimate goal of colonizing Mars.
He was like a science-fiction film character, at times a hero, at times something of a villain — or at least a controversial antihero. He mingled with celebrities. At times, he did more than mingle. After three marriages (twice to Talulah Riley), he partnered with musician Grimes (real name: Claire Elise Boucher). The two later welcomed a son to the world.
A big part of the Tesla brand was Musk's seemingly reflexive, problem-solving entrepreneurship, cultivated in Silicon Valley. After he got stuck in LA traffic en route to SpaceX HQ, he founded the Boring Company to dig tunnels under the freeways.
He also served as chairman of his cousin Lyndon Rives' startup, SolarCity. Tesla acquired the company in 2016. Musk's master plan was to power electric vehicles, among other things, by using what he called the giant fusion reactor in the sky — the Sun.
Tesla's brand was built using almost zero money spent on advertising. Instead, Musk presided over spectacular product unveilings, such as the New Roadster in 2017.
Musk also put himself out there as the leading high-tech business leader with ideas about how to decarbonize the planet and head off a global-warming disaster. In 2015, he gave a speech at the Sorbonne calling for a carbon tax.
Musk also moved quickly when Donald Trump was elected president in 2016. The CEO wanted to press the carbon-tax case with the chief executive.
Musk also kept Tesla in the news for less virtuous reasons. A failed effort take the company private in 2018 landed him in trouble with the Securities and Exchange Commission. He wound up losing his chairman title and had to pay a multimillion-dollar fine.
Musk also routinely taunted prominent Wall Street short sellers, at one point in 2020 creating Tesla-branded short shorts.
In fact, the entire Tesla-Wall Street story contributed to the brand. By 2020, after a monumental rally, Tesla had become the most valuable automaker in the world, worth $300 billion. Early investors were sitting on a 6,350% return.
Musk also knew how to sense when trends were shifting. As the electric-vehicle market expanded, some tech firms moved into self-driving cars. Musk then amplified Tesla's efforts, taking personal responsibility for the carmaker's Autopilot semi-autonomous tech.
Tesla's tech was as a big a part of the brand as anything else. The robots at its California factory became mechanical characters, with names from the "X-Men" movies.
They even costarred with Musk in revealing new vehicles, such as the dual-motor Model S in 2014.
If it seemed like Musk was channeling Tony Stark from the "Iron Man" movies — well, it was actually the other way around. Robert Downey Jr.'s character was based on Musk.
Musk is a genius at crossbranding. When SpaceX launched its Falcon Heavy rocket in 2018, Musk's personal Tesla Roadster was onboard, as the payload. It was the most stunning car commercial in human history.
But it wasn't all a big show under a big tent. Tesla was selling cars, from the Model S sedan ...
... to the Model X SUV.
The Model 3 was a mass-market sedan ...
... And it had a crossover SUV stablemate, the Model Y.
There was also the Tesla Semi ...
... The updated new Roadster ...
... And the completely out-there Cybertruck.
Beyond vehicles, Tesla applied its battery expertise to both home and utility grade storage.
After the merger with SolarCity, Tesla introduced its Solar Roof product. The panels were the roof tiles, rather than sitting on top of the roof.
Even Tesla's factories became part of the branding story. The first plant in California, later joined by a Gigafactory in Nevada. A factory in Shanghai went online in 2020, and two new plants were announced for Berlin and Austin, Texas.
It wasn't as if Tesla stood alone in the electric-car market. Competitors included the versatile, affordable Chevy Bolt EV (starting at $37,000) ...
... And the exotic, anything-but-affordable Porsche Taycan (started at $104,000).
But even though the EV market globally accounts for just around 1% of total vehicle sales, by 2020 Tesla had achieved a near monopoly level of share: roughly 80%.
The power of brand-delighted Musk. He never wanted to go it alone, and the arrival of numerous new EVs from major automakers simply meant that Tesla's mission of accelerating the shift away from fossil fuels was for real. An electric VW bus — I.D. Buzz — was but a single example.
General Motors and CEO Mary Barra committed to an electric destiny, with a plan to launch 22 new EVs by 2023 and creating an entire battery technology, called "Ultium."
GM also revived the Hummer nameplate — as a GMC-badged all-electric pickup with a claimed 1,000 horsepower and 0-60 mph time of 3 seconds.
And Ford created the Mustang Mach-E, the first new Mustang-branded car since the mid-1960s.
Even Musk rival Henrik Fisker got back in the game, founding a new company, Fisker Inc., that promised four new EVs by 2025.
But nobody has the brand power that Musk has created for Tesla. It's apparent now that the competition is playing catch-up. But that might be impossible. Experian recently said that of Tesla owners it surveyed, more than 80% would own again. It isn't going to be easy to take on Tesla.
Ford is exploring whether it can increase production of its upcoming Bronco, after hitting more reservations for the new SUV than it perhaps expected to. The pre-order books opened up for Bronco reservations earlier in July, as the iconic truck nameplate returned for a 21st century reinterpretation of the vehicle. Indeed, the new Bronco won’t just be a single model, … Continue reading
Many such vehicles are being developed, but as of now, automated cars permitted on the public roads are not yet entirely autonomous.Acknowledging the growth, the market is garnering currently, Market Research Future (MRFR) in its recently published study report, mentions that demonstrating the growth prospects worldwide, the global Autonomous Vehicles Market will accrue USD 65.3 Bn.by 2027 registering a striking CAGR throughout the forecast period (2016 to 2027).As per the International Organization for Road Accident Prevention (IORAP), more than 90% of road accidents worldwide, are caused primarily due to human errors which further leads the growth of this market.is fueling the demand for autonomous cars in the years to come.Get Free Sample Report @ https://www.marketresearchfuture.com/sample_request/1020Key PlayersSome of the key players in this market are: Google (U.S.), General Motors (U.S.), Volkswagen (Germany), BMW (Germany), Ford Motor Company (U.S.), Baidu (China), Toyota (Japan), Tesla (U.S.), Audi (Germany), Jaguar (U.K.) among others.Global Autonomous Vehicles Market - Geographical AnalysisRegion-specific research of the autonomous vehicles market includes the Americas, Europe, Asia Pacific (APAC), and Rest-of-the-World (RoW).The Americas is growing big due to the presence of countries such as the U.S.The prolific run of the regional market can be attributed to superior technology and infrastructural supremacy which allow for integration of the latest technologies, squarely helping the autonomous vehicles market growth.In addition, Rise of the Mobility as a Service (MaaS) sector is anticipated to provide impetus to the market.Europe is also enjoying the bliss of similar advantages like that of North America.