On December 12, 2023, the automotive world saw a variety of significant news and developments:
- Innovative Technologies and Concept Vehicles: Yamaha unveiled an intriguing motorcycle concept without handlebars, which emphasizes a more experiential riding style. Meanwhile, the Honda e, an electric vehicle popular in Europe and Japan, is set to cease production next month, with no new orders being taken.
- Industry Movements and Developments: Significant industry news included the United Auto Workers (UAW) moving to organize at various automakers like Honda, Hyundai, and Volkswagen. Also noteworthy is Ford’s decision to reduce production of the electric F-150 Lightning, hinting at broader implications for the EV market.
- Global Market Trends: The automotive scene in China remains a focal point, with Volkswagen building a significant engineering team in the region and BYD expanding its overseas showrooms. These movements indicate a strategic shift towards emerging markets and a recognition of the increasing importance of China in the global automotive landscape.
- Safety Regulations and Technologies: The U.S. National Highway Traffic Safety Administration took a major step towards enhancing road safety by initiating the process to require new vehicles to have technology preventing drunk or impaired driving. This move aligns with the increasing focus on safety and responsible driving in the automotive industry.
- Electric Vehicle Infrastructure and Labor Issues: Ohio opened its first government-funded electric vehicle charging station, marking a milestone in EV infrastructure development in the U.S. In labor-related news, Nordic pension funds urged Tesla to respect the collective bargaining rights of its workers, highlighting ongoing discussions about labor practices in the auto industry.
- Auto Loan Market: There was a decline in auto loan access in November, disrupting a period of recovery. This trend reflects the broader economic challenges affecting consumers, dealers, and lenders alike.
