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American and German OEMs Targeting Increased Use of Magnesium Compared to their Asian Counterparts
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The aim of this study is to research and analyze the short-, medium-, and long-term impact of advanced lightweighting materials in the automotive industry, especially with regard to magnesium and aluminum. Readers of this report should be able to understand the trends that these metals are setting in the industry and how their use can be compared to other lightweighting strategies (for example, the use of carbon, glass, and natural fiber reinforced plastics).
The study only discusses the impact of these materials on passenger vehicles, which are classified as cars and light trucks, during the 2017–2030 period.
Some of the key objectives of this study are:
The study also discusses the impact that the previous Corporate Average Fuel Economy (CAFE) standards, and regulations set by the previous US government back in 2012, had on automotive OEMs and suppliers in the US. However, with policies of the new administration in place, the study also discusses the potential changes brought in by these regulations and how OEMs could deal with them.
The report also discusses what potential strategies OEMs must design to remain in a leadership position in the automotive industry, given that end customers and even businesses are more inclined toward choosing vehicles that ensure higher fuel efficiency and lower emissions.
Key Issues Addressed
Author: Viroop Narla
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