Automotive – SGB Sports Tue, 02 Aug 2022 11:04:06 +0000 en-US hourly 1 Automotive – SGB Sports 32 32 Cybellum to Preview 2022 State of Automotive Software Security Report Tue, 02 Aug 2022 11:00:00 +0000

Free webinar will dive deep into automotive cybersecurity risks and trends

TEL AVIV, Israel, August 2, 2022 /PRNewswire/ — Cybellum, a leading provider of product security platform for vehicle, product and device manufacturers, today announced that registration is open for a free webinar that will will present an overview of the soon-to-be-released 2022 State of Automotive Software Security Research Report.

The webinar will take place on Tuesday August 9 at 11 a.m. EDT. Instant registration is available here. All participants will receive an advance copy of the report.

2022 has not been an easy year for cybersecurity professionals in the automotive industry. Hackers are increasingly turning their attention to connected vehicles, including the high-profile ethical hacks of Tesla, a ransomware attack on Honda, and an alleged attack on a local Toyota supplier. These are just a few examples of the rapidly changing threat landscape.

Additionally, there is a growing risk to supply chain security due to reliance on complex software supply chains for connected vehicles, and recent supply chain shortages and outages. that push the automotive industry to rely on new, often uncontrolled suppliers. The regulatory requirement for SBOMs is one way to address supply chain security, but many teams still struggle to create, fix, and manage SBOMs in a continuous, automated way that includes a view comprehensive system, covering first-party, third-party and open properties. -source code without slowing down production.

“The next phase of WP.29, which took effect directly in July, adds even more compliance and regulatory requirements to the already heavy workload of product safety teams,” said David Leichner, CMO at Cybellum. “Our security analysts dug deep into Cybellum’s Product Security Platform database, covering more than 100 automotive software components, to find the most common security vulnerabilities and vulnerable components in automotive vehicles. ‘today.”

This webinar will provide an overview of the report and discuss its findings in detail, including the most common vulnerabilities and vulnerable components. Register for the webinar here.

About Cybellum
Cybellum enables automotive OEMs and suppliers to ensure the safety and compliance of the products they manufacture, every moment of their life. Industry leaders use Cybellum’s Product Security Platform to merge security into every phase of the product lifecycle. Powered by Cyber ​​Digital Twins™ technology – a live digital replica of every software component inside your devices – Cybellum empowers product security teams to continuously manage cyber risks, regardless of new threat that arises. From live SBOMs to automated vulnerability management and continuous monitoring, teams can ensure their product portfolio is secure from concept to post-production and beyond.

Contact Media Cybellum
Annette Habani
Cybellum Marketing Manager
[email protected]


Shortage of chips brings an avalanche of money for new capabilities Sun, 31 Jul 2022 18:00:01 +0000

But at the same time, analog chips will likely increasingly come from China, Dziczek said. Analog chips, which control a vehicle’s mechanical systems, are a technology “few companies are investing in” at the moment, she said. And many buyers depend on suppliers in China, where trade tensions with the United States remain high.

“Geographic distribution of where the chips are made is a bit of a problem,” Dziczek said.

Another source of concern is the new possibility of a recession, which could impact automakers’ microchip supply plans.

A slowdown could at least temporarily alleviate the problem by reducing demand for new vehicles and making it easier to meet unmet demand.

But Dziczek thinks that even in a recession, demand for vehicles from retail and fleet markets will keep the pressure on chipmakers.

Either way, Burkacky warns automakers to assume that a recession-related reduction in demand will only be a passing situation and that they shouldn’t give up on efforts to improve supply chain transparency. supply.

“The concern is that if people are starting to think, ‘OK, there’s hope the chip shortage will be over sooner than I thought, so I don’t need to take action on my long-term commitments because all my problems will work themselves out,” he said.

Instead, he advised, “Assume that any slowdown in consumer demand is a short-term event and demand will come back. Otherwise, we risk being back in early 2021, caught in the unprepared and late on the offer.”

Senator introduces bill to block impaired driving prevention technology rule Fri, 29 Jul 2022 17:37:55 +0000

WASHINGTON — A Republican senator is trying to repeal a provision of the Infrastructure Act passed by Congress last year that would require passive technology to prevent drunk or impaired drivers from starting their vehicles.

The Infrastructure Act directs NHTSA to issue a final rule by November 2024 requiring new vehicles to be equipped with advanced drink-driving and impaired driving prevention technology. Once the rule is published, automakers would have two to three years to implement the technology as standard equipment in all new cars and light trucks.

Senator Mike Rounds, R.S.D. – which previously sought to block the provision before the bill is signed into law in November – on Wednesday introduced a bill to amend the Infrastructure Investment and Employment Act and repeal the requirement. Rounds’ bill is supported by Sens. Mike Braun, R-Ind., and John Cornyn, R-Texas.

Automotive News contacted the three senators for comment.

Mothers Against Drunk Driving criticized Rounds’ efforts to reverse the measure, calling it “misguided legislation” that would “lead to thousands of preventable deaths and injuries every year.”

MADD National President Alex Otte said it was unclear why Rounds opposed the requirement and where the push came from.

“We know he tabled an amendment before the IIJA passed last year, and he hasn’t moved forward,” she said in a statement emailed to Automotive News. “It’s surprising that he’s working against something that could end drunk driving, especially when drunk driving deaths have increased in South Dakota and 35% of all road deaths in his state are alcohol-related, which is higher than the national average of 30 percent.”

Cathy Chase, president of Advocates for Highway and Auto Safety, said Thursday her group “strongly opposes” the Rounds bill and would “stop progress toward requiring this vital technology as standard equipment.” .

Alcohol-impaired driving deaths account for approximately one-third of all road deaths in the United States each year. According to the Insurance Institute for Highway Safety, alcohol detection systems that prevent impaired driving could save more than 9,400 lives each year.

The Automotive Innovation Alliance, a trade association that represents most major automakers, said last year that the industry had long been committed to supporting public and private efforts to tackle driving with impaired by alcohol.

For its part, the industry has worked with NHTSA to develop the Driver Alcohol Detection System for Safety technology, which includes a breath-and-touch-based system to measure a driver’s blood alcohol level.

“We appreciate the efforts of congressional leaders and other stakeholders to advance a legislative approach that gives NHTSA the opportunity to review all potential technologies as options for federal regulation,” said John Bozzella, CEO of the alliance, in August 2021 before the infrastructure bill becomes law.

In June, an independent group of car safety experts and consumer advocates formed to help develop passive technology that could prevent drunk or impaired drivers from starting their vehicles.

The Technical Working Group is co-chaired by Stephanie Manning, MADD’s Director of Government Affairs, and Jeffrey Michael, former Associate Administrator of NHTSA.

July U.S. auto sales tumble as recovery headwinds mount Wed, 27 Jul 2022 18:00:00 +0000

“As we enter the second half of 2022, there are many headwinds against a noticeable recovery in sales volumes,” said Cox Automotive’s senior economist. Charlie Chesbrough. “Rising interest rates and weak consumer confidence are keeping many potential buyers out of the market. At the same time, higher gasoline and vehicle prices make affordability an even more challenging Limited supply, however, continues to be the biggest hurdle over the near term, and there is little evidence of a return to normal supply.”

Most industry forecasters, including Cox Automotive, expect chip shortages and other supply chain issues to improve through the second half of this year. Yet the pace of this recovery will be varied and volatile. Chesbrough notes, “Industry watchers will likely have to wait until the fall for any of these issues to show improvement.”

July 2022 Sales Forecast Highlights

  • In July, new light vehicle sales are expected to fall 13.4% from July 2021 and down 2.1% from last month.
  • The SAAR in July 2022 is estimated at 13.2 million, below last year’s level of 14.7 million, but up from June’s pace of 13.0 million.
  • Only one segment – compact cars – is expected to see an increase in sales month over month.
  • There are 26 days of sale in July 2022one less than July 2021 but the same as June 2022.

July 2022 New vehicle sales forecast

Sales forecasts1

Market share










Midsize SUV/Crossover



193 259






Compact/Crossover SUV









Full-size pickup truck


175 119







Intermediate car









compact car















1 Cox Automotive Industry Insights Data

2 Total includes segments not shown

All percentages are based on gross volume, not daily sell rate.

About Cox Automotive
Cox Automotive Inc. makes it easier for everyone to buy, sell, own and use vehicles. The 27,000+ team members and global company family of brands, including Autotrader®®Dealer®, Kelley’s Blue Book®Mannheim®NextGear Capital®WineSolutions®vAuto® and Xtime®, are passionate about helping millions of car buyers, 40,000 car dealership customers across five continents, and many others in the automotive industry thrive for generations to come. Cox Automotive is a subsidiary of Cox Enterprises Inc., a privately held, Atlantabased in New York with annual revenues of nearly $20 billion.

SOURCE Cox Automotive

7039.25 thousand Units Gap in Automotive Inductive Wireless Charging Systems Market Growth Due to Rising Demand for Hybrid and Electric Vehicles Tue, 26 Jul 2022 02:37:48 +0000

NEW YORK, July 25, 2022 /PRNewswire/ — The “Automotive Inductive Wireless Charging Systems Market by Application and Geography – Forecast and Analysis 2021-2025has been added to Technavio’s offering. With ISO 9001:2015 certification, Technavio has proudly partnered with more than 100 Fortune 500 companies for over 16 years. The potential growth difference for the systems market automotive inductive wireless charging systems between 2021 and 2025 is 7,039.25 thousand units, according to Technavio’s latest market analysis report.Technavio analysts have classified the global automotive inductive wireless charging systems market as part of the global automotive components and accessories market. 41% of market growth will come from North America during the forecast period, with the United States emerging as the major revenue-generating economy in the region. On-road dynamic wireless charging systems will fuel the growth of the automotive inductive wireless charging systems market by North America over the forecast period. The residential charging systems segment dominated the global market for automotive inductive wireless charging systems.

Technavio has announced its latest market research report titled Automotive Inductive Wireless Charging Systems Market Growth, Size, Trends, Analysis Report by Type, Application, Region and Segment Forecast 2021-2025

Get segment-based insights and regional opportunities as you go. See the PDF example

Key Market Dynamics:

  • Market Driver: Rising demand for HEVs and electric vehicles is a major factor driving the growth of the global automotive inductive wireless charging systems market share. HEVs and EVs are primarily powered by batteries. The battery of hybrid vehicles must tolerate a large charge (due to sudden braking) and a large discharge (for a sudden increase in speed). In addition, the state of charge (SoC) should be maintained up to 80%, which will keep space for regenerative charging and, at the same time, discharge enough energy for a power increase. This growing demand for electric vehicles would increase the need for technological advancements such as inductive wireless charging in the global electric vehicle market.

  • Market Challenge: High installation cost will be a major challenge for the growth of the global automotive inductive wireless charging systems market share during the forecast period. With the introduction of new technologies, manufacturers or their supply chains often face certain barriers that can challenge the mass adoption of these technologies. The cost associated with implementing the technology on a commercial scale is relatively higher than conventional technology. This is due to the high cost of the components used in the manufacture and installation of the system. The huge price difference between wireless and wired charging systems is forcing end users to adopt wired systems, which poses a challenge for the growth of the market.

Key market dynamics and their impact analysis on the report are available in this report. Download the sample now!

Supplier Landscape

  • The Automotive Inductive Wireless Charging System Market is concentrated and the vendors are deploying organic and inorganic growth strategies to compete in the market.

  • To make the most of the opportunities and recover from the post-pandemic impact, market vendors are expected to focus more on growth prospects in fast-growing segments, while maintaining their positions in slow-growing segments.

  • The Automotive Inductive Wireless Charging Systems Market forecast report offers in-depth information about key vendor profiles. Profiles include production, sustainability and outlook information for key companies.

Main companies mentioned with their offers

  • You want more information on the product offerings and strategic initiatives of contributing suppliers, Request a sample now!

Related reports:

Automotive Knock Sensor Market by Application and Geography – Forecast and Analysis 2022-2026

Automotive Steering Wheel Market by Application and Geography – Forecast and Analysis 2022-2026

Automotive Technology Market by Component and Geography – Forecast and Analysis 2022-2026

Automotive Inductive Wireless Charging System Market Scope

Report cover


Page number


base year


Forecast period


Growth momentum and CAGR

Accelerate to a CAGR of over 97.44%

Market Growth 2021-2025

7039.25 th units

Market structure


Annual growth (%)


Regional analysis

North America, Europe, APAC, South America and MEA

Successful market contribution

North America at 41%

Main consumer countries

United States, Germany, China, United Kingdom and Japan

Competitive landscape

Leading companies, competitive strategies, scope of consumer engagement

Profiled companies

Continental AG, ConvenientPower HK Limited, Energizer Holdings Inc., Evatran Group Inc., Leggett & Platt Inc., MediaTek Inc., Momentum Dynamics, Qualcomm Inc., Renesas Electronics Corp. and WiTricity Corporation

Market dynamics

Parent market analysis, market growth drivers and barriers, analysis of fast growing and slow growing segments, impact of COVID 19 and future consumer dynamics, and analysis of market conditions for the forecast period.

Personalization area

If our report does not include the data you are looking for, you can contact our analysts and customize the segments.

Main topics covered:

About Us

Technavio is a global leader in technology research and consulting. Their research and analysis focuses on emerging market trends and provides actionable insights to help companies identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialist analysts, Technavio’s reporting library consists of over 17,000 reports and counts, spanning 800 technologies, spanning 50 countries. Their customer base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing customer base relies on Technavio’s comprehensive coverage, in-depth research, and actionable market intelligence to identify opportunities in existing markets and potentials and assess their competitive positions in changing market scenarios.

Technavio Research
Jesse Maida
Media & Marketing Manager
USA: +1 844 364 1100
UK: +44 203 893 3200

Technavio (PRNewsfoto/Technavio)

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Penske Automotive Group, Inc. (NYSE:PAG) Increases Dividend to $0.53 Per Share Sat, 23 Jul 2022 20:55:30 +0000

Penske Automotive Group, Inc. (NYSE:PAG – Get Rating) declared a quarterly dividend on Friday, July 22, reports The Wall Street Journal. Shareholders of record on Wednesday August 10 will receive a dividend of 0.53 per share on Thursday September 1. This represents an annualized dividend of $2.12 and a yield of 1.93%. The ex-dividend date is Tuesday, August 9. This is a boost from Penske Automotive Group’s previous quarterly dividend of $0.50.

Penske Automotive Group has increased its dividend by an average of 7.8% per year for the past three years and has increased its dividend annually for the past 3 consecutive years. Penske Automotive Group has a payout ratio of 13.0%, indicating that its dividend is sufficiently covered by earnings. Stock analysts expect Penske Automotive Group to earn $15.02 per share next year, meaning the company should continue to be able to cover its $2.00 annual dividend with a ratio of expected future payout of 13.3%.

Penske Automotive Group Stock up 0.9%

Shares of PAG rose $0.95 midday Friday, hitting $109.90. The stock had trading volume of 27,893 shares, compared to an average volume of 369,270. Penske Automotive Group has a 1-year low of $78.60 and a 1-year high of $123.60. The company’s fifty-day simple moving average is $110.98 and its two-hundred-day simple moving average is $104.59. The company has a market capitalization of $8.34 billion, a price-earnings ratio of 6.45 and a beta of 1.24. The company has a debt ratio of 0.33, a current ratio of 0.97 and a quick ratio of 0.26.

Penske Automotive Group (NYSE:PAG – Get Rating) last reported quarterly results on Wednesday, April 27. The company reported EPS of $4.76 for the quarter, beating the consensus estimate of $3.94 by $0.82. Penske Automotive Group achieved a net margin of 5.13% and a return on equity of 35.33%. The company posted revenue of $6.98 billion for the quarter, versus analyst estimates of $6.32 billion. During the same period last year, the company achieved EPS of $2.26. Penske Automotive Group’s revenue for the quarter increased 20.8% compared to the same quarter last year. Equity research analysts expect Penske Automotive Group to post earnings per share of 17.33 for the current year.

Hedge funds weigh on Penske Automotive Group

Several hedge funds have recently bought and sold shares of PAG. BNP Paribas Arbitrage SA increased its position in Penske Automotive Group shares by 66.5% in the first quarter. BNP Paribas Arbitrage SA now owns 49,288 shares of the company valued at $4,619,000 after purchasing an additional 19,682 shares during the period. Advisors Asset Management Inc. increased its position in Penske Automotive Group shares by 48.2% in the first quarter. Advisors Asset Management Inc. now owns 24,521 shares of the company valued at $2,298,000 after purchasing an additional 7,970 shares during the period. Beacon Pointe Advisors LLC purchased a new stake in shares of Penske Automotive Group in the first quarter valued at $246,000. Point72 Hong Kong Ltd bought a new stake in shares of Penske Automotive Group in the first quarter worth $526,000. Finally, the Royal Bank of Canada increased its position in shares of Penske Automotive Group by 8.7% in the first quarter. Royal Bank of Canada now owns 30,763 shares of the company valued at $2,882,000 after purchasing an additional 2,465 shares during the period. Hedge funds and other institutional investors own 50.13% of the company’s shares.

A Wall Street analyst gives his opinion

PAG has been the subject of a number of recent research reports. upgraded shares of Penske Automotive Group from a “buy” rating to a “strong buy” rating in a Thursday, April 7 research note. Morgan Stanley lowered its price target on shares of Penske Automotive Group from $95.00 to $93.00 and set an “underweight” rating on the stock in a report Thursday, July 14. Finally, JPMorgan Chase & Co. lowered its price target on Penske Automotive Group shares from $120.00 to $105.00 and set a “neutral” rating on the stock in a Thursday, April 7 report. One equity research analyst rated the stock with a sell rating, one issued a hold rating, two issued a buy rating and one issued a strong buy rating for the stock. Based on data from, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $110.25.

About Penske Automotive Group

(Get an assessment)

Penske Automotive Group, Inc., a diversified transportation services company, operates automobile and commercial truck dealerships. The Company operates through four segments: Automotive Retail, Commercial Truck Retail, Other and Non-Automotive Investments. It operates dealerships under franchise agreements with various automobile manufacturers and distributors.

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Dividend history for Penske Automotive Group (NYSE:PAG)

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Should you invest $1,000 in Penske Automotive Group right now?

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Hardy Reed LLC buys 40 shares of O’Reilly Automotive, Inc. (NASDAQ: ORLY) Thu, 21 Jul 2022 10:12:01 +0000

Hardy Reed LLC increased its stake in O’Reilly Automotive, Inc. (NASDAQ: ORLY – Get Rating) by 4.3% during Q1, Holdings Channel reports. The fund held 970 shares of the specialty retailer’s stock after acquiring an additional 40 shares during the period. Hardy Reed LLC’s holdings in O’Reilly Automotive were worth $664,000 when it last filed with the Securities & Exchange Commission.

Several other big investors have also recently bought and sold stocks. Shaker Investments LLC OH increased its stake in O’Reilly Automotive by 0.6% in the 1st quarter. Shaker Investments LLC OH now owns 4,041 shares of the specialty retailer valued at $2,768,000 after acquiring 26 additional shares during the period. Todd Asset Management LLC purchased a new stock position in O’Reilly Automotive during the first quarter for a value of approximately $22,771,000. Baker Tilly Wealth Management LLC increased its stake in O’Reilly Automotive shares by 26.3% during the first quarter. Baker Tilly Wealth Management LLC now owns 1,630 shares of the specialty retailer worth $1,116,000 after purchasing 339 additional shares during the period. Kornitzer Capital Management Inc. KS bought a new stock position in O’Reilly Automotive during the first quarter for a value of approximately $801,000. Finally, Ninety One North America Inc. increased its stake in O’Reilly Automotive shares by 1.0% during the first quarter. Ninety One North America Inc. now owns 7,480 shares of the specialty retailer worth $5,124,000 after purchasing an additional 75 shares during the period. 82.76% of the shares are held by institutional investors.

Analysts set new price targets

Several brokerages have recently commented on ORLY. began covering O’Reilly Automotive shares in a report on Thursday, March 31. They set a “buy” rating on the stock. DA Davidson moved O’Reilly Automotive shares from a “neutral” rating to a “buy” rating and raised its target price for the stock from $700.00 to $740.00 in a report from the Wednesday, June 29. Bank of America downgraded O’Reilly Automotive shares from a ‘neutral’ to a ‘buy’ rating and set a price target of $730.00 on the stock in a Tuesday research note May 10. Citigroup reduced its price target on O’Reilly Automotive shares from $720.00 to $662.00 in a Friday, May 13 research note. Finally, Truist Financial cut its price target on O’Reilly Automotive shares from $837.00 to $788.00 in a Friday, April 29 research note. Five equity research analysts gave the stock a hold rating and eleven gave the company a buy rating. According to MarketBeat data, O’Reilly Automotive has a consensus rating of “Moderate Buy” and a consensus price target of $721.04.

Insider buying and selling

In related news, SVP Jeffrey Lynn Groves acquired 175 shares of the stock in a trade dated Monday, May 23. The stock was purchased at an average price of $572.77 per share, for a total transaction of $100,234.75. Following the completion of the transaction, the senior vice president now directly owns 721 shares of the company, valued at $412,967.17. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available on the SEC’s website. Separately, CFO Jeremy Adam Fletcher bought 835 shares of the company in a trade on Friday, May 20. The shares were acquired at an average price of $600.00 per share, with a total value of $501,000.00. Following the completion of the transaction, the CFO now owns 1,897 shares of the company, valued at approximately $1,138,200. The purchase was disclosed in a filing with the SEC, accessible via the SEC’s website. Additionally, SVP Jeffrey Lynn Groves purchased 175 shares of the company in a transaction that took place on Monday, May 23. The shares were acquired at an average price of $572.77 per share, for a total transaction of $100,234.75. Following the transaction, the senior vice president now owns 721 shares of the company, valued at $412,967.17. Disclosure of this purchase can be found here. 1.73% of the shares are held by insiders.

O’Reilly Auto Price Performance

Shares of O’Reilly Automotive opened at $689.96 on Thursday. O’Reilly Automotive, Inc. has a fifty-two week low of $562.90 and a fifty-two week high of $748.68. The company has a market capitalization of $45.35 billion, a P/E ratio of 22.11, a P/E/G ratio of 1.63 and a beta of 0.99. The company’s 50-day moving average price is $631.04 and its two-hundred-day moving average price is $658.51.

O’Reilly Automotive (NASDAQ:ORLY – Get Rating) last reported results on Wednesday, April 27. The specialty retailer reported earnings per share of $7.17 for the quarter, missing analyst consensus estimates of $7.43 per ($0.26). O’Reilly Automotive had a net margin of 15.85% and a negative return on equity of 2,699.29%. The company posted revenue of $3.30 billion in the quarter, versus analyst estimates of $3.28 billion. In the same quarter of the previous year, the company achieved EPS of $7.06. On average, analysts expect O’Reilly Automotive, Inc. to post earnings per share of 32.68 for the current year.

O’Reilly Automotive Company Profile

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O’Reilly Automotive, Inc, together with its subsidiaries, operates as a retailer and supplier of automotive parts, tools, supplies, equipment and accessories in the United States. The company provides new and reconditioned auto parts and maintenance items, such as alternators, batteries, brake system components, belts, chassis parts, transmission parts, engine, fuel pumps, hoses, starters, temperature control, water pumps, antifreeze, appearance products, engine additives, filters, fluids, lighting products, oil and brushes. wiper; and accessories, including floor mats, seat covers and truck accessories.

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Institutional ownership by quarter for O'Reilly Automotive (NASDAQ:ORLY)

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Google exec calls buying cars online a ‘sustainable trend’ Tue, 19 Jul 2022 10:57:22 +0000

PRAGUE — The number of European car buyers willing to make their purchase online has increased dramatically during the pandemic and has remained at that level even as freedoms return, a senior Google official said.

“We’ve seen the surge in online car buying stay post-COVID,” Christian Richter, Google’s automotive retail director, told Automotive News Europe Congress last week. “People have learned that they can buy just about anything online, including cars. It’s now a lasting trend.

Richter oversees the automotive side of the tech giant’s advertising arm and uses data from Google searches and customer interaction with automotive advertising on Google platforms to map shopper trends.

About 14% of cars are now purchased online, Richter said, citing a Google study.

“The question is: what is a 100% online purchase? Does that mean delivery, no paperwork, electronic signature on documents only? ” he said. “But 10-15% of sales are very, very online.”

The bulk of car sales, around 80%, are what Richter calls “omnichannel” purchases, where the customer journey mixes physical and digital elements to enter the chosen vehicle.

The variation between those who prefer a more digital process over a physical route to ownership does not differ dramatically between countries in Europe, Richter said.

“The Nordics and the UK are more digital and Southern Europe is slightly less digital, but there’s only a 5-10% difference,” he told Congress. “It’s more about which player can provide the best customer experience. As soon as you offer a great online shopping journey, customers get on board.

Google data showing that 14% of customers buy cars online is higher than data from the Customer Research Survey collected in 2021 by retail analyst firm ICDP, which indicates that 7% of buyers buy entirely online.

“We don’t see any evidence that customers want to buy online,” ICDP chief executive Steve Young said in a separate interview with Congress.

Data from ICDP, however, shows that electric car buyers are twice as likely to complete the entire process online at 15% overall.

3D printing helps automotive industry solve supply chain challenges Sun, 17 Jul 2022 18:00:01 +0000

Engineers working on the Tahoe modified the design of the spoiler on the upper portion of the vehicle’s tailgate to ensure the large SUV meets its fuel economy certification numbers if tested by the EPA. The revamped spoiler required a new part, what GM calls a fence seal. The rubber components mount on each end of the spoiler, just above the tailgate.

The part is normally made in a process called injection molding. But a new injection-molded closure gasket, GM learned, would take at least 12 weeks to produce.

Bardsley, the design engineer for the fence seal, worked with engineers at two GM labs at the company’s sprawling Global Technical Center in Warren, Michigan. First, the Additive Innovation Lab 3D printed a few fence seals to test if a version of the part could meet the automaker’s quality and appearance standards.

“We were able to get gaskets fairly quickly for preliminary testing. We wanted to replicate the injection molded gasket as closely as possible,” Bardsley said.

With early seals showing promise, GM’s Additive Industrialization Center made the next iteration of the seal from production material to determine if it could be mass-produced. Bardsley held samples of the second iteration in his hand in just two days. From there, GM solicited bids from suppliers to manufacture the part.

The job was done by GKN Forecast 3D, a Carlsbad, CA company, part of GKN Additive.

“We had the right technology and the right capabilities at the right time to solve this particular problem,” said John Dulchinos, president of GKN Additive. Automotive News.

GKN has invested in additive manufacturing machines that use a form of binder jet printing, which can manufacture multiple parts at once.

Automotive Chip Market Size to Surpass US$60.82 Billion by 2030, Driven by Growing Demand for Chips in Smart Vehicles, The Brainy Insights Fri, 15 Jul 2022 10:09:00 +0000

NEWARK, New Jersey, July 15, 2022 /PRNewswire/ — According to a report published by The Brainy Insights, the global automotive chip market is expected to grow from $21.81 billion in 2020 for $60.82 billion by 2030, at a CAGR of 10.8% over the forecast period 2021-2030.

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A chip consists of a semiconductor material cut from a giant slice of material that measures only a few millimeters on a side in electronics. A transistor or integrated circuit can be etched onto this chip, but it will only take up one thousandth of an inch of the chip’s surface. Automotive chips are generally used to monitor and regulate the various functions of a vehicle. To perform the work, they use a variety of algorithms.

Get more insights from a 230-page market research report @

As a result, it can provide drivers with a smooth and easy driving experience. The driver can use their voice to control their car’s navigation and infotainment systems using an automotive chip. Sensors mounted on automobiles also provide many other facts about the vehicle. It also protects automobiles by activating the anti-theft system. Micro-supercomputers are another name for automotive chips. These features are likely to become standard in a variety of smart cars.

Growing demand for improved automotive connectivity chips that provide high capacity data network and new electronic automobiles with enhanced security features are driving the expansion of the market. Miniature computers are another term for these chips. Those produced by companies such as AQAUNTIA CORP and NVIDIA CORPORATION are expected to play a crucial role in the development of smart vehicles. Also, its feature of ensuring vehicle security through the deployment of anti-theft, anti-hacking and smart keys is expected to play an important role in expanding the market. Over the next few years, the planned development and commercialization of fully automated vehicles, such as driverless taxis, will present potential for market revenue growth. High-power automotive chips are on their way to widespread use in automobiles, as fully automated vehicles require real-time data processing from a large number of sensors installed throughout the vehicle.

Major players operating in the global automotive chip market include Infineon Technologies AG, Microchip Technology Incorporated, Micron Technology, Inc., NVIDIA CORPORATION, NXP Semiconductors, Robert Bosch GmbH, STMicroelectronics NV, and Texas Instruments Incorporated, among others. To strengthen their position in the global automotive chip market, the major players are now focusing on adopting strategies such as product innovations, mergers and acquisitions, recent developments, joint ventures, collaborations, and partnerships.

  • Qualcomm Technologies, Inc. plans to acquire NXP Semiconductors, the current market leader, in a deal valued at more than $35.0 billion.

  • Renesas Electronics Corporation acquired Integrated Device Technology Inc. in 2018. The company’s high-performance electronic systems for the automotive industry are expected to improve in efficiency and performance.

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The logic IC industry is expected to reach a significant valuation by 2030.

The component type segment is divided into microcontrollers and microprocessors, logic ICs, analog ICs, and memory. With the increase in sales of ultra-luxury cars, the logic IC industry is expected to reach a significant valuation by 2030. Soon, drivers would use their voice to operate the entire navigation and infotainment system. thanks to automotive chips. They also ensure that mobility and connectivity are improved.

The passenger vehicle segment dominated the market with a market share of 71.5% and a market value of around 15.59 billion in 2020.

The vehicle type segment is divided into commercial vehicles and passenger vehicles. The passenger vehicle segment dominated the market with a market share of 71.5% and a market value of around 15.59 billion in 2020. All transport vehicles for personal use, such as luxury vehicles , SUVs and sedans, are classified as passenger vehicles and are generally designed for the seating of five people. Throughout the forecast period, the demand for this type of vehicle will be higher.

During the forecast period, the security application segment is expected to grow at the fastest CAGR of 11.1%.

The application type segment is divided into powertrain, chassis, security, body electronics, telematics and infotainment. During the forecast period, the security application segment is expected to grow at the fastest CAGR of 11.1%. This increase can be attributed to the growing awareness of driving safety among the millennial population. Additionally, increase in rules and regulations to ensure vehicle safety standards are likely to fuel the market demand.

Regional Segment Analysis of Automotive Chip Market

  • North America (WE, Canada, Mexico)

  • Europe (Germany, FranceUK, Italy, SpainRest of Europe)

  • Asia Pacific (China, Japan, IndiaRest of APAC)

  • South America (Brazil and rest of South America)

  • The Middle East and Africa (UNITED ARAB EMIRATES, South Africarest of the MEA)

Asia Pacific The region has emerged as the largest market for the global automotive chip market, with a market share of 34.8% and a market value of around 7.59 billion in 2020. This is due to an increase in the number of important companies operating in countries such as China, Japanand India.

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About the report:

The global automotive chip market is analyzed on the basis of value (USD billion). All segments have been analyzed on a global, regional and country basis. The study includes analysis of more than 30 countries for each segment. The report offers an in-depth analysis of the drivers, opportunities, restraints and challenges to obtain key market insights. The study includes Porter’s Five Forces Model, Attractiveness Analysis, Commodity Analysis, Supply, Demand Analysis, Competitor Position Grid Analysis, analysis of distribution and marketing channels.

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