Abstract
With the slowdown in the US economy, automakers and OEM suppliers have begun
to pursue overseas partnerships and collaborations as a medium to increase
revenues. In addition, new ceilings on environmental and fuel efficiency
standards and strong competition from markets such as Japan, China and India
are driving manufacturers to focus on innovation through joint ventures and
joint development agreements.
In addition, rising prices of raw materials such as steel and high fuel and
energy prices and stringent pollution and fuel efficiency norms, a shift in
consumer demand from heavy vehicles such as SUVs to lighter, fuel-efficient
vehicles and CUVs have begun to force automakers to cut production volumes,
increasing the pressures of overcapacities, stagnating inventories and hence
costs.
The report forecasts the IT spending of the automotive industry in North
America over the period 2007-2010. It is meant for IT vendors and intends to
help them identify selling opportunities in the automotive industry in North
America. The report identifies key business issues being faced by the
automotive industry in North America.
Further, the identified sales drivers can be used to penetrate these accounts
or increase current share of the customer' s wallet. Also, the report lists
leading IT buyers and provides their brief company profile, along with their
IT spending.
TechNavio Insights is a set of reports based on TechNavio -- a market
intelligence platform for the IT industry. It builds on the intelligence
available within TechNavio, and leverages on the custom research experience of
the ' Technology Navigators' . TechNavio is built on years of experience of
Infiniti Research in deep dive custom research and consulting for over 30
Fortune 500 companies and numerous large and mid-sized companies.
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