The update covers OEM and supplier performance, with GM, Toyota, Ford, and Honda reporting increased U.S. sales, while Stellantis experienced a decline. Honda and Nissan are considering a merger, and Volkswagen plans workforce reductions in Germany. In the EV sector, China faces potential export restrictions, and the U.S. explores sodium-ion battery alternatives. Autonomous technology advancements were showcased at CES 2025, with companies like Nvidia, AWS, and Qualcomm highlighting innovations. Regulatory issues include lawsuits over blocked mergers and penalties for emissions violations.
Key takeaways:
- Foley & Lardner announced the 2024 installment of its Auto Trends series, providing insights into transformative forces in the automotive industry.
- Full-year 2024 U.S. new light-vehicle sales reached a SAAR of 15.9 million units, with a notable increase in EV sales driven by tax incentives.
- Honda and Nissan are pursuing plans to merge their operations, potentially becoming the world's third largest automaker.
- CES 2025 highlighted advancements in autonomous technologies and vehicle software, with major collaborations and innovations from companies like Nvidia, AWS, and Qualcomm.