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In the event you missed it, the summertime has been hot for auto news

In the event you missed it, your dog days of summer have already been not for the auto industry.

Automakers, suppliers and retailers have already been slogging to untangle themselves from supply chain crises precipitated by COVID shutdowns in Asia and war in Europe. New-vehicle sales slumped in the initial half of the entire year as automakers struggled to help keep assembly lines running and dealer lots supplied.

Rising inflation now threatens future sales and profitability for carmakers and their retailers. And much more instability lies ahead as new legislation driving EV adoption in the U.S. upends the EV manufacturing plans of global automakers and offer chain sourcing. Meanwhile, electrification plans rapidly unfold as automakers pivot from combustion engines to batteries.

Here is a quick recap of the big stories from summer 2022.

President Joe Biden signed the Inflation Reduction Act into law in late August, made to incentivize domestic EV production and reduce reliance on foreign supply chains.

The legislation, which alters the eligibility requirements of a long-standing $7,500 EV tax credit, gets the auto industry scrambling to reshape complex production plans and offer chains to meet up stringent sourcing rules.

To be eligible for the federal incentive, automakers must now assemble EVs in THE UNITED STATES. New restrictions on car or truck, buyer income, and battery component and critical mineral sourcing take effect Jan. 1.

No more than 20 EVs be eligible for subsidies beneath the new rules, included in this models from Ford and BMW and, starting next year, GM and Tesla.

The brand new law has caught the off-guard, including South Korea-based Hyundai Motor Group, which previously announced a lot more than $10 billion in U.S. investments, including a $5.5 billion EV plant in Georgia.

Reuters reported South Korean officials have met with U.S. counterparts expressing concerns, and the Financial Times reported Hyundai Motor Group Chairman Euisun Chung also headed to Washington.

“Our U.S. EV factory plan was to obtain subsidies in light of the growing EV market in the usa,” an organization official told Reuters. “The brand new law negatively and directly affects us.”

Seoul has asked Washington to postpone the brand new rules before completion of its Georgia factory in 2025 and noted the brand new law might violate treaties like the U.S.-South Korea free trade agreement.

At the UNITED STATES International Detroit Auto Show this month, Ford Motor Co. will reveal a redesigned, seventh-generation Mustang.

Code-named S650, the automobile is likely to begin production in the initial 1 / 2 of next year. It will include a carryover V-8 and four-cylinder EcoBoost engines.

A hybrid variant planned for mid-decade is currently scrapped and the automobile isn’t likely to get yourself a long-rumored all-wheel-drive configuration, instead continuing as a rear-wheel-drive sports coupe.

Ford considers Mustang among its hit “icons” and contains added several variants through the entire current vehicle’s life cycle, like the Shelby GT500 and Mach 1.

JAPAN automaker is taking the scalpel to its U.S. lineup since it targets higher-volume crossovers and revamps its portfolio for a power future.

Production of the Rogue Sport will result in December. The crossover has didn’t find its niche between your entry-level Kicks subcompact crossover and the higher-volume Rogue.

Nissan will ditch its full-size Maxima sedan next year. And Titan the business’s attempt to have a sustainable share of the full-size pickup segment will undoubtedly be discontinued before mid-decade.

Looking beyond, Nissan should bring a power sedan in 2025. The automaker will invest $500 million in its Canton, Miss., factory to create that vehicle along with other EVs.

The Leaf which pioneered the EV segment using its launch in the U.S. in late 2010 will undoubtedly be replaced with a fresh coupe-like electric crossover by mid-decade.

Further out, Nissan is reported to be considering a power pickup for the U.S. Last November, Nissan showed off a battery-powered pickup concept.

Inflation and higher interest levels are affecting the used-vehicle business plans and profits of auto retailers.

Confronted with rising costs, individuals are tightening their purse strings, with many skipping new-car purchases for budget-priced used vehicles.

Getting ultimately more of these vehicles onto dealer lots is proving difficult, which contributed to a softer-than-expected first half in the used-vehicle business for traditional dealership groups and online used-only retailers.

Public dealer groups saw per-vehicle profits on used cars tumble sharply earlier this spring, with some groups pulling back on growth goals because of their used-only ventures. Online used-only retailers have scrambled this season to slash costs as the vehicle-buying activity of consumers hasn’t matched last year’s fierce levels resulting in plunging per-vehicle profits and much more profound net losses over the board.

“We’re seeing demand shift to lessen price points,” Group 1 Automotive CEO Earl Hesterberg said in July. That shift is going on most prominently among middle-class consumers and the ones buying mass-market brand and used vehicles, Hesterberg said.

Asbury Automotive Group CEO David Hult said consumers who have been “impulsively buying” half a year ago are now more deliberate within their selection.

“Of all segments, I’d say [used is] the main one where it’s looking for its footing to go forward,” Hult said in July. Still, he viewed Asbury’s used business healthy in the next quarter.

Online auction company ACV Auctions Inc. filed an antitrust lawsuit late last month against several major players in the physical auction sector, alleging they conspired to hinder ACV’s capability to compete on the market.

In the complaint filed in U.S. District Court in NY, ACV named auction giants Manheim and ADESA, plus smaller wholesalers ServNet Auction Group and Independent Auction Group as defendants.

ACV claims its rivals worked to avoid it from gaining necessary usage of AutoIMS, a remarketing platform trusted by commercial consignors in the market.

The suit also named Auto Auction Services Corp., a jv of these four companies and provider of the AutoIMS platform.

And ACV alleged the National Auto Auction Association a defendant inconsistently enforced its physical auction requirements in a manner that it precluded membership “to certain digital-only platforms like ACV, which pose an existential competitive threat to NAAA’s controlling members.”

ACV asked for injunctive relief, including requests for the court to order NAAA to grant it membership, and for Auto Auction Services Corp. to be compelled to license AutoIMS to it. ACV also said it seeks monetary damages, including legal fees.

The is seeing growing fascination with 3D scanning technology to improve how and where cars are created.

Toyota uses 3D scanners to supplement machine measurements also to check the grade of parts vendors supply. Engineers at japan automaker also depend on scanners to generate digital twins of equipment even entire manufacturing facilities.

BMW Group said it plans to utilize 3D laser scanning technology to perform digital scans of its assembly plants by early 2023. Scanning can help create better floorplans for future production facilities.

Ford used 3D scanning technology to revive historic Michigan Central Station, that your automaker plans to help make the centerpiece of a “mobility innovation district” in Detroit’s Corktown neighborhood.

Ford said it used laser scanners to build up 3D types of various components of the station that no more exist, assisting to re-create or repair items such as for example large cast iron windows, decorative trim and elaborate ceiling tiles. m

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