For those who’ve been keeping tabs on the automotive industry, the technology disruption is not news. What may surprise you, however, is just how quickly, ruthlessly, and thoroughly these changes are taking over the industry: from to global legislation to shifting consumer interests, traditional auto manufacturing is under incredible pressure to modernize.
The impact of this has only become more apparent in the last year. Consider the unprecedented activities, including automaker collaborations (Ford-VW and Daimler-BMW), supplier mega-mergers (Magneti Marelli-Calsonic Kansei and Federal Mogul-Tenneco), and supplier spin-offs or divestitures (Veoneer, APTIV, Garrett, GKN, Tower). All types of automotive companies have begun making big moves in order to prepare themselves for the upcoming shift to electric, autonomous, and mobility; these big changes are far from over and have the power to impact the industry in an unprecedented way.