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Automotive Industry Comes up Short in Driving Social Media Engagement

NEW YORK, NY–(Marketwired – April 27, 2017) – In a new, first of its kind analysis of combined offline and online consumer conversations, Engagement Labs released its TotalSocial™ rankings on the top performing automotive brands in the U.S. The rankings are based on Engagement Labs’ proprietary TotalSocial data, which continuously measures the most important drivers of brand performance with respect to social media and word of mouth conversations.

The analysis finds that even in this digital age, car talk still mostly happens offline, whether over the kitchen table, at a youth sports field, or at the water cooler at work. Indeed, most automotive brands are considered “Word of Mouth Mavens” in that they spur more conversations offline than online.

The top ten are dominated by two car groups: luxury cars and sports brands. Of the top ten, only two mass market brands, Toyota and Honda, made the list. Domestic brands like Chevrolet, Ford and Jeep, as well as mass market imports like Subaru and Nissan don’t make it into the top ten. A major difference between these brands and the ones that made the top ten are brand sharing scores, meaning the success of the brand’s media and marketing content in generating brand conversations.

“Given the billions of dollars that many auto marketers spend each year, their ability to drive conversation is key to their turning the investment into business outcomes,” noted Ed Keller, CEO of Engagement Labs. “Offline word of mouth and social media are proven to be predictive of sales. Audi’s recent record sales and their position as number three on the list is reflective of this. While certain brands on the top ten reflect the aspirations of the American consumer, we believe that the rest of the top ten, and the brands knocking on the leaderboard door, are reflective of the momentum we expect to see in the auto sector in 2017.”

Keller continued, “The number one auto brand for offline brand sharing — face to face conversations in which people are talking about a brand’s marketing — is Audi. Audi’s commercial during the Big Game this past February which touted gender equality in pay is an example of how the Company creates content that humanizes its brand in order to resonate with consumers. These results suggest that when it comes to cars, both marketing spend and having an authentic message is a crucial component in boosting brand perception and conversation.”

One brand that bucks the trend of offline dominance is Corvette, which is ranked 18th overall. While Corvette earns a below-average offline score, it has the highest online score out of all the automotive brands. Other auto brands could glean important lessons from Corvette on how to leverage digital media to boost their overall image.

While TotalSocial scores are based on four key metrics, conversation volume, sentiment, brand sharing, and influence, a particularly impactful metric is sentiment — whether conversations about the brand are positive or negative. Several of the brands that did not make the top ten do, however, stand out for generating very positive conversations. Infiniti, for example, ranks well below average overall, but has the fourth highest offline sentiment score and similarly, Buick falls near the bottom of all the automotive brands in its total score, but has the second highest online sentiment score. This indicates consumers are clearly saying positive things about these brands, but the challenge for marketers is to amplify those positive conversations to a broader population in order to improve sentiment on the channel where they lag, either offline or online.

To learn more about Engagement Labs or TotalSocial insights and how to increase your brand’s word of mouth in real life and online, reach out at: totalsocial@engagementlabs.com.

To learn more about brands, like BMW, that go against the grain, download Engagement Labs’ latest e-book, Lessons from the Leaders of Social Influence here.

About Engagement Labs
Engagement Labs (TSX VENTURE: EL) is the world’s first TotalSocial™ company, offering intelligent data, analytics and insights for marketers. We are leaders in tracking, measuring and benchmarking the impact of conversations happening around a brand and industry — both online and offline. Consumer conversations are a proven driver of critical business outcomes, including sales. The patent pending TotalSocial data solution provides brands with unique insights and powerful analytics to understand online and offline social impact and drive business results. TotalSocial demonstrates to marketers how their online and offline conversation compare and contrast and helps identify areas of competitive opportunity or significant emerging threats. TotalSocial is an “always-on” proprietary scoring system, based on the most important drivers of brand performance: Volume, Sentiment, Brand Sharing and Influence. TotalSocial was built on the pillars of Engagement Labs’ patented social media measurement tool and the world’s only offline word of mouth tracking system for brands and tracks 500 brands within the U.S. across 17 major industry categories, and 350 brands in the UK.

To learn more visit www.engagementlabs.com / www.totalsocial.com.

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Article source: http://www.marketwired.com/press-release/automotive-industry-comes-up-short-in-driving-social-media-engagement-tsx-venture-el-2212418.htm

Blockchain Technology Revolutionizing Automotive Industry: New …

DUBLIN–(BUSINESS WIRE)–

Research and Markets has announced the addition of the “Blockchain Technology Revolutionizing Automotive Industry” report to their offering.

Blockchain was conceptualized by Satoshi Nakamoto. Blockchains are a new data structure in which data is replicated at every node on the network to create permanence and resilience. There are 600+ digital currencies and 70+ digital assets built on platforms such as Ethereum and Counterparty. The Blockchain ecosystem includes exchanges, wallet providers, payment service providers, blockchain platform providers, consortiums such as R3 CEV.

Blockchain works on decentralized platforms. Transparency, elimination of third parties, cost reduction, micro-payments, cryptographic security, and immutability are the key benefits of blockchain solutions. Blockchain is expected to be one of the key pillars of digitization across various industrial verticals. The financial sector is the pioneer in exploring and adopting blockchain solutions for smart transactions. Healthcare, insurance, networking, and transportation are some of the other sectors focusing on blockchain.

The study provides an in-depth analysis of the automotive key functional areas (such as smart manufacturing, supply chain logistics, retailing and leasing, mobility, connected living, and IoT) that can use blockchain technology. Blockchain will disrupt the automotive industry and will create growth opportunities, monetization avenues, and facilitate digital transformation.

This research study includes the following segments:

- Scope: The aim of this study is to research and analyze the implications of blockchain technology for the automotive industry. This study identifies various automotive key functional areas that can be leveraged using blockchain technology and their growth potential.

- Covered Automotive Key Functional Areas: Smart manufacturing, supply chain logistics, retailing and leasing, mobility, connected living, and IoT

Objectives of this Study:

- To provide an overview of the blockchain technology across various industry verticals

- To provide an in-depth analysis of the automotive key functional areas that can use blockchain technology

- To furnish a detailed analysis of the blockchain penetration rate for the automotive industry

- To identify the blockchain growth opportunities and companies to action pertaining to the automotive industry

Key Questions Answered:

- What are the various industries disrupted by blockchain technology?

- How does the blockchain technology revolutionize the automotive industry?

- What are the various use cases that blockchain technology can support in the automotive industry?

- Who are all the key participants involved and what is the future outlook for blockchain technology in the automotive industry?

Key Topics Covered:

1. Executive Summary

2. Research Scope, Objectives, Background, and Methodology

3. Definitions and Segmentation

4. Blockchain Usage Across Industries – Overview

5. Blockchain in Automotive Industry – Key Functional Areas Overview

6. Blockchain in Automotive Industry – Growth Opportunities and Companies to Action

7. Blockchain – Platforms and Service Providers Profiling

8. Conclusions and Future Outlook

9. Appendix

Companies Mentioned

- Bitcoin

- Consensus Systems/ConsenSys

- Ethereum

- Hyperledger (a Linux Foundation Collaborative Project)

- Productive Edge LLC

- Project Provenance Ltd/Provenance

- Reply

- RSK Labs

For more information about this report visit http://www.researchandmarkets.com/research/ngxbtf/blockchain

View source version on businesswire.com: http://www.businesswire.com/news/home/20170426005725/en/

Article source: http://finance.yahoo.com/news/blockchain-technology-revolutionizing-automotive-industry-115600548.html

The Death Of Australia’s Automotive Industry Was A 30-Year Plot To Avoid Economic Collapse

As General Motors shuts down its Holden manufacturing in Australia this year, we’re all supposed to mourn what had been the new frontier of ute-loving, V8 freedom. But the shutdown was a bureaucratic decision; a slow bleed to avoid the prospect of a much more painful collapse.

Article source: http://jalopnik.com/the-death-of-australias-automotive-industry-was-a-30-ye-1794688752

GST in automotive industry, simplified yet concerning

GST in automotive industry, simplified yet concerningNEW DELHI: After Indian Independent Act of 1947, Goods and Services Tax (GST) is probably the only bill which has taken longest-ever time to be passed and become an Act. First announcement to introduce GST was done in 2010, and it is expected to be implemented from July 1, 2017.

The bill aimed at simplifying Indian tax structure is finally on the verge of turning into reality after a consistent struggle of over a decade involving many central and state governments, over 31,000 industry trained professionals and over 18,000 man hours by GST Council.

Automotive industry has been waiting for this reform very optimistically. However, as GST gets ready to be rolled out with various changes and modifications, there seems to a sense of lack of satisfaction across the value chain compared to the enthusiasm it had instilled in the initial draft. Yet, the entire value chain of automotive industry vouches for GST virtue for bringing ease of doing business in the country.

While in principle automotive industry has welcomed GST with open hands but have also raised several concerns. Society of Indian Automobile manufacturers (SIAM) strongly suggests that GST should include Road Tax and motor vehicle tax.

SIAM also said “After introduction of GST, no additional tax should be introduced/ levied. A provision be made in the law that no new levy or tax be introduced. Any change, if required, in future (for specific needs like calamity, education, infrastructure, etc.) should be done through modifying the rate of taxation under the GST regime and not through any additional levy/tax/cess, etc.”

With GST, manufacturing and logistic sector will be benefited the most provided the tax rates on input purchases and output sales of the company vary drastically. This will result in input tax credit and sourcing components from the same state. In India, vehicle manufacturing takes place in few states and there is more supply to other states. A SIAM reports mentions that local sales account for less than 10% of total domestic sales and about 70-80% of auto components are procured from vendors within the state.

This means that if the taxation rate of components/inputs is more than the tax rate of a finished product would cause ambiguity. To avoid that, SIAM suggests that government should charge uniform rate of tax on finished product and components procured by the manufacturers against which input credit should be allowed.

“Tax paid on complete vehicles on movement from factory should be made available as input credit to the vehicle dealers. Manufacturers could give state-wise break-up at periodically to respective state governments who may settle it through appropriate clearing house mechanism.” Said SIAM.

Under a dual GST structure (a Central GST and a State GST), there could be a situation where the Input Tax credits which remain unutilized would be refunded to the assesses. Since the cross utilization of credits between the Central GST and State GST are not permitted, there could be a situation of payment on the one hand and a refund situation on the other.

Two-wheeler, four-wheeler or a commercial vehicle any of these categories will be considered as an essential goods commodity for which there might be an exemption or a lower rate of GST prescribed by the finance ministry. As a whole GST is expected to improve the overall house economics and depending on the current supply-chain management of various states experts do believe that two-wheelers, entry level sedan, SUVs and premium cars (depending on the cess) might become cheaper marginally.

However, small cars or the entry segment cars are likely to see a marginal increase in price. Small cars currently attract a 12.5 per cent central excise duty. Another 14.5-15 per cent VAT is levied by states, taking the total tax incidence to 27-27.5 per cent.

A senior finance ministry official said the closed slab for this category of cars would be 28 per cent, resulting in a small increase in price.

However, with GST the states also have equal power to levy and collect tax. Both central and state government have equal responsibilities to perform for which the GST is further divided into Central GST, State GST and Integrated GST. For all intra-state movements of Goods and services, the taxes will be levied by the central government and within the state activities will be monitored by State Government. Integrated GST will also be levied by the centre which will include all imports.

The central government will also compensate for loss of revenue to states for next five years since after the introduction of GST. The indirect tax structure in India in its current form is complicated with different Central taxes structure and state taxes as mentioned below.

Source: Central Board of Excise  Customs
Source: Central Board of Excise Customs

The passed GST panel will have four tax rates namely 5%, 12%, 18% and 28% for all goods and services. However, GST on petroleum crude, high speed diesel, petrol and natural gas will be levied from a later date after the council headed by finance minister Arun Jaitley and Finance Minister of each state submit its recommendations. The GST report issued by Central Board of Excise and customs also mentions that there will be separate tax rate for precious metals and cess over the peak of 28% on specified luxury goods which might also include all the high-end luxury and performance vehicles imported into the country.

To ensure single interface and administrative control, GST will be a PAN based registration and all transactions and process will be done only digitally and Infosys has been appointed as Managed Service Provider (MSP).

As for now all the companies and individuals are in the process to understand the simplified nature of GST which is considered as the biggest tax reform since the independence as the government gears up to draw the final line.

Article source: http://auto.economictimes.indiatimes.com/news/policy/gst-in-automotive-industry-simplified-yet-concerning/58384328

Growth Opportunities for Aluminum in the Global Automotive Industry

Read the full report: http://www.reportlinker.com/p04837536/Growth-Opportunities-for-Aluminum-in-the-Global-Automotive-Industry.html

The future of aluminum in the global automotive industry looks good with opportunities in the segments of passenger cars and commercial vehicles. Aluminum in the global automotive industry is expected to reach an estimated $42.4 billion by 2022 and it is forecast to grow at a CAGR of 7.4% from 2017 to 2022. The major drivers of growth for this market are increasing vehicle production, government regulations on the fuel economy and emission controls, increasing stringent safety regulations, and increasing gasoline prices.

Emerging trends, which have a direct impact on the dynamics of the aluminum in the global automotive industry, include increasing use of aluminum in chassis and structural applications.

The study includes the aluminum in the global automotive industry size and forecast for aluminum in the global automotive industry through 2022 by vehicle type, product form, application type, and region, as follows:

Aluminum in the global automotive industry by vehicle type ($ Million and kilo tons from 2011 to 2022)

  • Small Cars
  • Compact Cars
  • Mid-Size Cars
  • Large Cars
  • SUVs Crossovers
  • Multi-Purpose Vehicles
  • Pickup Trucks

Aluminum in the global automotive industry by Product Forms ($ Million from 2011 to 2022)

  • Cast Aluminum
  • Rolled Aluminum
  • Extruded Aluminum
  • Others

Aluminum in the global automotive industry by application type ($ Million from 2011 to 2022)

  • Engines
  • Transmissions and Drivelines
  • Heat Transfer Systems
  • Wheels and Brakes
  • Structural Components

Aluminum in the global automotive industry by region ($ Million from 2011 to 2022)

  • North America
  • US
  • Canada
  • Mexico
  • Europe
  • United Kingdom
  • Italy
  • France
  • Germany
  • Spain
  • Asia Pacific
  • China
  • India
  • Japan
  • Indonesia
  • South Korea
  • The Rest of the World
  • Brazil
  • Argentina

Aluminum in the global automotive industry companies profiled in this market include Alcoa Inc., Novelis Inc., Norsk Hydro ASA (ADR), Constellium N.V., and Aleris International are the major aluminum suppliers in the global automotive industry.

On the basis of our comprehensive research, Lucintel forecasts that the extruded aluminum and rolled aluminum segments are expected to show above average growth during the forecast period.

Within the global automotive aluminum industry, the cast aluminum segment is expected to remain the largest market. Casting is a simple, inexpensive, and versatile way of forming aluminum into a wide array of products, which is expected to spur growth for this segment over the forecast period.

Asia Pacific is expected to remain the largest region due to high vehicle production, improving economic conditions, and increasing investments by the industry players within the APAC region.

Some of the features of “Growth Opportunities for Aluminum in the Global Automotive Industry 2017-2022: Trends, Forecast, and Opportunity Analysis” include:
- Market size estimates: Aluminum in the global automotive industry size estimation in terms of value ($M) and volume (kilo tons) shipment.
- Trend and forecast analysis: Market trend (2011-2016) and forecast (2017-2022) by segments and region.
- Segmentation analysis: Aluminum in the global automotive industry size by various applications such as vehicle, product forms, and application in terms of value and volume shipment.
- Regional analysis: Aluminum in the global automotive industry breakdown by key regions such as North America, Europe, and Asia Rest of World.
- Growth opportunities: Analysis on growth opportunities in different applications and regions of aluminum in the global automotive industry.
- Strategic analysis: This includes MA, new product development, and competitive landscape of aluminum in the global automotive suppliers.
- Analysis of competitive intensity of the industry based on Porter’s Five Forces model.

This report answers the following 11 key questions:

Q.1 What are some of the most promising, high-growth opportunities for aluminum in the automotive industry by vehicle type (Small Cars, Compact Cars, Mid-Size Cars, Large Cars, SUVs and Crossovers, MPVs, and Pickups), product form (Cast Aluminum, Rolled Aluminum, Extruded Aluminum), application type (Engine, Transmission and Driveline, Heat Transfer, Wheels and Brakes, Structural Component), and region (North America, Europe, Asia Pacific, and the Rest of the World)? Q.2 Which segments will grow at a faster pace and why? Q.3 Which region will grow at a faster pace and why? Q.4 What are the key factors affecting market dynamics? What are the drivers, challenges and business risks of aluminum in the global automotive industry market? Q.5 What are the business risks and competitive threats in aluminum in the global automotive industry market? Q.6 What are the emerging trends in aluminum in the global automotive industry market and reasons behind them? Q.7 What are some of the changing demands of customers in the aluminum in the global automotive industry market? Q.8 What are the new developments in the aluminum in the global automotive industry market? Which companies are leading these developments? Q.9 Who are the major players in aluminum in the global automotive industry market? What strategic initiatives are key players pursuing for business growth? Q.10 What are some of the competing products in aluminum in the global automotive industry market and how big of a threat do they pose for loss of market share by material / product substitution? Q.11 What MA activity has occurred in aluminum in the global automotive industry for the last 5 years and what has its impact been on the industry?

Methodology
Lucintel has been in the business of market research and management consulting since 2000 and has published over 600 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel’s analyst team.

The analysts used the following sources for the creation and completion of this valuable report:

  • In-depth interviews of the major players in this market • Detailed secondary research from competitors’ financial statements and published data
  • Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
  • A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.

Extensive research and interviews are conducted in the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts in the market. Some of the manufacturers in global automotive aluminum industry are Novelis Inc., Alcoa Inc., Constellium N.V., Aleris International, Norsk Hydro ASA (ADR), and others.

Read the full report: http://www.reportlinker.com/p04837536/Growth-Opportunities-for-Aluminum-in-the-Global-Automotive-Industry.html

About Reportlinker
ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need – instantly, in one place.

http://www.reportlinker.com

Contact Clare: clare@reportlinker.com
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To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/growth-opportunities-for-aluminum-in-the-global-automotive-industry-300445600.html

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Article source: http://www.prnewswire.com/news-releases/growth-opportunities-for-aluminum-in-the-global-automotive-industry-300445600.html

Blockchain Technology Revolutionizing Automotive Industry: New 2017 Report – Research and Markets

DUBLIN–(BUSINESS WIRE)–

Research and Markets has announced the addition of the “Blockchain Technology Revolutionizing Automotive Industry” report to their offering.

Blockchain was conceptualized by Satoshi Nakamoto. Blockchains are a new data structure in which data is replicated at every node on the network to create permanence and resilience. There are 600+ digital currencies and 70+ digital assets built on platforms such as Ethereum and Counterparty. The Blockchain ecosystem includes exchanges, wallet providers, payment service providers, blockchain platform providers, consortiums such as R3 CEV.

Blockchain works on decentralized platforms. Transparency, elimination of third parties, cost reduction, micro-payments, cryptographic security, and immutability are the key benefits of blockchain solutions. Blockchain is expected to be one of the key pillars of digitization across various industrial verticals. The financial sector is the pioneer in exploring and adopting blockchain solutions for smart transactions. Healthcare, insurance, networking, and transportation are some of the other sectors focusing on blockchain.

The study provides an in-depth analysis of the automotive key functional areas (such as smart manufacturing, supply chain logistics, retailing and leasing, mobility, connected living, and IoT) that can use blockchain technology. Blockchain will disrupt the automotive industry and will create growth opportunities, monetization avenues, and facilitate digital transformation.

This research study includes the following segments:

- Scope: The aim of this study is to research and analyze the implications of blockchain technology for the automotive industry. This study identifies various automotive key functional areas that can be leveraged using blockchain technology and their growth potential.

- Covered Automotive Key Functional Areas: Smart manufacturing, supply chain logistics, retailing and leasing, mobility, connected living, and IoT

Objectives of this Study:

- To provide an overview of the blockchain technology across various industry verticals

- To provide an in-depth analysis of the automotive key functional areas that can use blockchain technology

- To furnish a detailed analysis of the blockchain penetration rate for the automotive industry

- To identify the blockchain growth opportunities and companies to action pertaining to the automotive industry

Key Questions Answered:

- What are the various industries disrupted by blockchain technology?

- How does the blockchain technology revolutionize the automotive industry?

- What are the various use cases that blockchain technology can support in the automotive industry?

- Who are all the key participants involved and what is the future outlook for blockchain technology in the automotive industry?

Key Topics Covered:

1. Executive Summary

2. Research Scope, Objectives, Background, and Methodology

3. Definitions and Segmentation

4. Blockchain Usage Across Industries – Overview

5. Blockchain in Automotive Industry – Key Functional Areas Overview

6. Blockchain in Automotive Industry – Growth Opportunities and Companies to Action

7. Blockchain – Platforms and Service Providers Profiling

8. Conclusions and Future Outlook

9. Appendix

Companies Mentioned

- Bitcoin

- Consensus Systems/ConsenSys

- Ethereum

- Hyperledger (a Linux Foundation Collaborative Project)

- Productive Edge LLC

- Project Provenance Ltd/Provenance

- Reply

- RSK Labs

For more information about this report visit http://www.researchandmarkets.com/research/ngxbtf/blockchain

View source version on businesswire.com: http://www.businesswire.com/news/home/20170426005725/en/

Article source: http://finance.yahoo.com/news/blockchain-technology-revolutionizing-automotive-industry-115600548.html

Robots benefit the US industry – 261000 new jobscreated in automotive sector alone

The US automotive industry has installed a new record of approximately 17,500 industrial robots in 2016. In the last seven years, the operational stock increased by about 52,000 units (2010-2016). These are preliminary results published by the Statistical Department of the International Federation of Robotics (IFR). During the same period, the number of jobs in the US automotive sector rose by 260,600 – according to the US Bureau of Labor Statistics.       

“The main driving force of this growth is the ongoing trend to automate production in order to strengthen the competitiveness of American industry globally, to keep manufacturing at home, and in some cases  bring back manufacturing that had previously been outsourced to other countries,” said Joe Gemma, President of the International Federation of Robotics at the World Robotics IFR CEO Roundtable in Chicago.

Amazon creates new jobs

“The key message is the optimism about jobs in the future – especially with technology”, said Jon Battles, Amazon Director, WW Engineering Advanced Technologies. “We are so proud of announcing that we are going to create a hundred thousand new fulltime and full benefit jobs in the United States. These jobs are all across the country. I want to make a really critical point: We are doing this level of hiring after installing 45,000 Amazon robotic systems in our fulfillment centers. I don´t have any better success story to give than that and we a hiring in every job class and level.”

 Small businesses automate or vaporate

Prof. Dr. Howie Choset of the Advanced Robotics Manufacturing Institute (ARM) emphasized the importance of automation with robots for small companies. 98.5 percent of all the manufacturing companies in the US have 500 or fewer employees. “These small companies – this is their phrase not mine – automate or vaporate. They know if they don´t embrace automation they will not be around in the future.”

“As a small business we experience every day where our customer base will move something for pennies,“ said Craig Hertig, Director of Engineering, Engineered Machine Products. “Automation is a very usable tool, it´s very flexible. It gives you the opportunity to be competitive in a global market.” As an example of how automation made the difference, Michael P. Jacobs, President of Applied Manufacturing Technologies AMT said: “I was at a friend´s plant just outside Detroit with stamping machines. That particular plant is not very large – he has got to have 30 to 40 robots there in automation. The plant had been shuttered in 2007 and he bought it in 2010. He now has over 200 employees in his plant because of automation. It is very doable by small companies.”

Education is key to reap the benefits of robotics

“We have about 8 million baby boomers exiting the workforce over the next five to ten years,” said Amazon´s Jon Battles. “It turns out the baby boomers are the most industrial trained part of the US workforce. We are heading towards a gap and I hope we all internalize the importance of inspiring this young generation coming up, retraining the people we have, giving them a great vision for careers in the future and following through on that. I am very optimistic about the future and the jobs and the technology. As long as we embrace it and train for it correctly we have an awesome future.”

The IFR strongly supports the idea that education and training systems must be adapted to enable current and future workers to reap the benefits of robotics. This task falls to both public and private sectors and requires strong cooperation between the two.

Statements on video

Please find the statements on video from the IFR CEO Roundtable experts in Chicago here: http://bit.ly/1GD61tT

Graphics for download

Please find the IFR graphics for download here: https://ifr.org/ifr-press-releases

New IFR data overview

Please find below an overview of the new IFR preliminary data about industrial robots in the US, worldwide and in China:

USA – new peak in 2016

·         Approximately 31,500 industrial robots installed in the US manufacturing industry – all sectors
        (+15% more than 2015)

·         Approximately 17,500 industrial robots installed in the US automotive industry
(+43% more than 2015)

·         US automotive industry is the main driver for automation – robot sales in 2016
reached an all-time high

·         US automotive industry - operational stock increased from 74,900 to about 127,000 units
in seven years = CAGR 2010-2016: +9%

·         US automotive industry - employment rose from 679,500 to 940,100 in seven years = CAGR 2010-2016: +6%

Worldwide  – new peak in 2016

·         Approximately 290,000 industrial robots installed worldwide
  (+14% more than 2015)

·         Outlook 2017-2019: estimated worldwide supply of industrial robots will rise from 322,000 to 414,000
(+12% on average per year)

China  – new peak in 2016

·         Approximately 90,000 industrial robots installed in China
(+31% more than 2015)

United States Department of Labor – Bureau of Labor Statistics (BLS): https://www.bls.gov

About the IFR – The International Federation of Robotics: www.ifr.org

*Automotive World is not responsible for the content of this news release.

Article source: http://www.automotiveworld.com/news-releases/robots-benefit-us-industry-261000-new-jobscreated-automotive-sector-alone/

Automotive industry is driving job creation in Mississippi

By Glenn McCullough Jr.

 

A little more than a decade ago, Mississippi had never produced a commercial vehicle. Today, about 4 million vehicles assembled in the state are on the road around the world, and production is showing no signs of slowing down.

For Mississippians, more significant than production milestones are the contributions Toyota and Nissan have made to the state and local economy. These automotive manufacturers are responsible for the creation of thousands of careers and the investment of billions of dollars in the state.

This year, Toyota celebrates 10 years since the announcement it would locate in Blue Springs, Miss. Today, a Corolla, one of the world’s top-selling vehicle models, rolls off the assembly line every 71 seconds thanks to the Toyota Mississippi team. This team of Mississippi men and women assembled 500,000 vehicles faster than any other Toyota plan in North America, proving once again the extraordinary quality of our workforce.

Nissan’s Canton assembly plant produces eight models and is the global source for the Murano. The more than 3 million vehicles assembled at the Canton, Miss., facility solidifies the state’s position as a leader in the Southern Automotive Corridor.

More important than the number of vehicles assembled in the state is the economic impact companies like Toyota, Nissan and almost 200 automotive suppliers have on their local communities and to the state.

In a study published in 2016 by national think tank The Center for Automotive Research, Toyota Motor Manufacturing Mississippi is responsible for a payroll of approximately $307 million, creating $235 million in disposable income. Additionally, the report also estimates Toyota supports 6,700 direct and indirect jobs. Toyota’s Mississippi-made workforce also is responsible for assembling more than 850,000 vehicles, and the company expects to produce the 1 million mark by the end of 2017.

Mississippi State University’s National Strategic Planning Analysis Research center also recently published a study highlighting Nissan’s contribution to the state’s economy. NSPARC estimates the presence of Nissan in Mississippi contributes $2.9 billion to the annual state gross domestic product. The automotive giant is responsible for 25,000 direct and indirect jobs in the state.

Combined, Mississippi’s two original equipment manufacturers are responsible for an estimated 31,700 direct and indirect careers for hard-working people of our state. These careers create disposable income which is reinvested in our communities.

A vital component of the Mississippi Development Authority’s mission is to build stronger communities. In addition to our aggressive recruitment of global companies to the state like Continental Tire and Yokohama Tire, MDA is committed to developing local leaders. Strong leaders initiate community development, which leads to economic development. Successful communities are often the result of focused and forward-thinking leaders who create an environment where businesses can thrive. It is leadership at the state and local levels which resulted in Toyota and Nissan deciding Mississippi is the right location for their operations.

Today, Mississippi reaps the benefits of Toyota and Nissan’s investment in our state and our people. We all share the responsibility to ensure we position more Mississippi communities for success. Investing in the infrastructure of people means every Mississippian wins. Together, Mississippi, Toyota, Nissan and the many automotive suppliers are part of the winning team responsible for revving up Mississippi’s automotive industry. DBJ

 

Glenn McCullough Jr. is the Executive Director of the Mississippi Development Authority.

Article source: http://deltabusinessjournal.com/automotive-industry-driving-job-creation-mississippi/

LECTRA: Lectra helps automotive suppliers leverage Industry 4.0 opportunity

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Lectra helps automotive suppliers leverage Industry 4.0 opportunity

Leather interior suppliers get a glimpse into connected manufacturing at Lectra’s “Go Digital: What Industry 4.0 Means for Automotive Leather” event

Paris, April 25, 2017 – Lectra, the world leader in integrated technology solutions dedicated to industries using fabrics, leather, technical textiles and composite materials, asserts its stewardship of the automotive leather industry’s 4.0 transformation with the third consecutive edition of its annual event on the digitalization of leather cutting processes.

Decision-makers from more than 20 countries assembled at Lectra’s International Advanced Technology and Conference (IATC) center in Bordeaux-Cestas recently to discuss the new business opportunities emerging from digitalization of the automotive leather value chain, from factory to consumers. Topics presented by industry experts and Lectra customers included, among others, the smart factory of the future, likely impact of the Made in China 2025 initiative and chief business challenges to overcome for automotive industry players.

Driven by cloud-based solutions, smart manufacturing and powerful analytics, the new connected economy and industrial revolution are redefining business models and manufacturing processes. The real-time communication enabled between connected objects, production lines and services boosts manufacturing flexibility while optimizing the use of available resources. As an organization at the forefront of the Industry 4.0 movement, Lectra’s aim in hosting the event is to help the automotive leather industry prepare for the changes to come by learning more about the vital technologies they need to implement, as well as adopt more collaborative, agile and efficient practices.

“Although automotive players realize that 4.0 transformation is underway, they often don’t know how to go about it,” observes Norbert Audéoud, Operational Excellence Strategic Transformation Expert. “Reflecting together on 4.0 transformation will make the task less challenging for the makers of leather interiors, while presenting great opportunities for performance improvement and business development.”

In the opinion of Benny Daniel, Director of Consulting, Frost Sullivan, the Go Digital event underscores the urgency for companies to plan and execute their 4.0 transformation. “The automotive industry is fiercely competitive and digitalization of the manufacturing sector will only make the landscape more uncertain. By acting now, automotive players can ensure they don’t lag behind once the pace picks up.”

From the standpoint of Henning Gathmann, Material Development, Leather, AUDI AG, new ways of doing business and running factories will also bring about new ways to meet consumer demand. “The connected economy is making it possible to satisfy consumer expectations in novel, technologically enabled ways. This event provides us with a unique opportunity to share our market vision with suppliers.”

Alberto Silvagni, head of the automotive division of the Mastrotto Group, was pleased to share insight on his company’s successful digital transformation with other automotive leather suppliers. “Competing in a connected supply chain requires a more flexible approach. Now that we’ve digitalized our cutting room, the next step for us is to increase automation elsewhere in our customer processes, to provide them with actionable information in real time.”

The event brought into sharper focus the importance of fostering interaction in the automotive leather ecosystem at such a critical time in suppliers’ 4.0 transformation. “Industry relationships are central to our success,” remarks Céline Choussy Bedouet, Chief Marketing and Communications Officer, Lectra. “Providing answers to broad-reaching questions like 4.0 transformation is as much a part of what we do as developing advanced technologies and specialized services, all of which create value for our customers.”

About Lectra

Lectra is the world leader in integrated technology solutions (software, automated cutting equipment, and associated services) specifically designed for industries using fabrics, leather, technical textiles, and composite materials to manufacture their products. It serves major world markets: fashion and apparel, automotive, and furniture as well as a broad array of other industries. Lectra’s solutions, specific to each market, enable customers to automate and optimize product design, development, and manufacturing. With more than 1,550 employees, Lectra has developed privileged relationships with prestigious customers in more than 100 countries, contributing to their operational excellence. Lectra registered revenues of $288 million in 2016 and is listed on Euronext.

For more information, please visit www.lectra.com

Contact – Lectra Headquarters / Press Dept.: Nathalie Fournier-Christol
E-mail: n.fournier-christol@lectra.com
Tel.: +33 (0)1 53 64 42 37 – Fax: +33 (0)1 53 64 43 40

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Article source: https://globenewswire.com/news-release/2017/04/25/971149/0/en/LECTRA-Lectra-helps-automotive-suppliers-leverage-Industry-4-0-opportunity.html

Authenticity drives leather imperfection acceptance – Audi – just

By Simon Warburton | 24 April 2017

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Article source: http://www.just-auto.com/news/authenticity-drives-leather-imperfection-acceptance-audi_id176162.aspx