Auto industry innovations show continuing success

Sep 23, 2015Nii Ashalley

The auto industry is using technology effectively, as it continues to increase valuable specs to vehicles to give drivers the best driving experience.

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Auto industry experts and OEMs are working on innovative technologies to make vehicles respond to security issues promptly, increase traffic safety and make them more energy efficient. According to some latest reports, European automobile industry spends around 5 percent of its total industry turnover, around 41.5 billion euro on research and development every year.

Technology companies are jointly working with car manufacturers to build automated cars and revolutionize the auto industry via the advancement of functional auto parts. Auto parts manufacturers are now developing car technologies based on emerging markets with huge vehicle demand.

New consumer vehicles will have better sensors, enhanced lifestyle and business technologies and technologies to offer increased comfort and safety. Also, the vehicles with new technologies will be more efficient to reduce the dependence on fuel and carbon emission. The Tesla business innovations attest to this. Let’s see which new innovations show credible auto industry success.

Ford launched aluminum bodied commercial vehicle

Ford has publicly announced its new aluminum-bodied truck, which will be much lighter than the traditional steel-bodied trucks. It will be 700 pounds lighter than the steel bodied vehicles. This will also represent the first instance of manufacturing and selling a full aluminum-bodied vehicle in the market.

Ford has also teamed up with Hyundai to work on pre-collision technology. This new technology will revolutionize businesses and the auto industry as it will help drivers identify blind spots, and will also warn the drivers to pay attention on the road. The pre-collision technology will automatically activate the breaking system if the driver cannot do so. This will reduce the impact of the crash.

Auto industry innovation—vehicle to vehicle communications

The v2v communication will help vehicles talk to each other to avoid accidents. The vehicles will exchange data on speed and position to ensure safety.

As the price of gas has reduced in the global market, auto industry experts expect that the sales of high performance cars will increase. Auto parts manufacturers have many opportunities to add new safety features and performance improving technologies to the high-demand consumer vehicles.

Innovations in the auto industry open startup opportunities

Land Rover introduced a new technology in 2014, focusing on making the convenience of drivers a priority. The new technology will make the front of the car completely invisible to help drivers have a better idea of the front position and angle of the front wheel.

Toyota is working on a new technology which will introduce airborne cars. Toyota has already developed the concept of car. The car, at this stage, is not flying but floating a little above the road. This is still a concept and Toyota doesn’t promise to launch the car in the global market soon.

Toyota will soon start selling Mirai fuel-driven vehicles. You may also see many new innovations, like hovering cars and invisible cars on the road in the coming years.

Google’s driverless cars

Another revolutionizing innovation from the auto industry could be Google’s driverless cars. Google might soon launch a driverless car with all basic elements like steering, brakes and headlights. They are planning to test the car on the public road soon. The innovative sensing technology enabled driverless car, will ensure better road safety and brilliant solution to difficult traffic congestion.

Nii Ashalley

Nii Ashalley is the inspirational voice at The Business Frontal. His uplifting quotes, dubbed "Ashalleyistics", have encouraged many entrepreneurs, start-ups and leaders to achieve their maximum potential. He is a seasoned counselor, a life and business coach and an author of many call to action business articles.