Accelerating Our Electrified Autonomous World

Michigan has long been known as the global epicenter of automotive design, research and engineering. As the industry undergoes one of its most profound changes, companies large and small are leading the charge in developing next-generation technologies that are ushering in a new era of mobility solutions around connected, electrified and autonomous vehicles.

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Following the EV Leaders

Epic. Generational. Transformative. Not the kind of words temperate-minded engineers, technicians and business leaders traffic in lightly. Except lately, when they talk about the not-so-distant future of automotive technology, and the rapid, revolutionary transition to electric powertrains. Buoyed by eye-popping projections for growth and billions in investment, the future of electric transportation is happening now. Look at what some of the region’s standouts in electrification are working on.

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Supply and (Uncertain) Demand

For all the clean air promise of electrified vehicles, the long road to their mass deployment is full of potential twists and turns presenting risks to the automotive industry, especially suppliers tasked with bringing innovation to the segment and their OEM customers. For starters, research and development costs for electrification, whether it is for a mild-hybrid or pure electric, are significant. That means suppliers are making big investments today for a market presently less than 4 percent of sales with no certainty consumers will want them in the future, or if other variables such as loosened federal regulations may hinder their rollout.

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Spotlight on Electrification

We live in an era of rapid change. The explosion of big data enables technology advances in many industries including transportation and electricity. One of the most exciting areas is where these two sectors overlap. How we view this change will determine Michigan’s future – do we embrace the change as opportunity or fight it as disruption?

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Take 5: What Comes First, Talent or Business?

In the wake of Detroit’s failed bid to host Amazon’s second world headquarters, how much of a factor was Detroit’s talent pool? Many business leaders believe if Amazon came to Detroit, talent would follow. However, Amazon cited a lack of existing talent in Detroit as a key factor in being left off the final list.

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Talent All-Stars

The competition to retain existing talent while recruiting new talent is increasingly fierce. When it comes to luring the best and brightest, companies across the region are thinking outside the box from innovative apprenticeship programs to offering tuition reimbursement programs and investing millions in renovated office space.

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