Advancements in the Automobile Industry

In recent days, companies in the automobile industry have shown in their design rooms and factories a glimpse of what the future holds. Vehicles that are being designed have advanced technology and new vehicle concepts have been developed. All these efforts are funneled at transforming the automobile and transportation industry. The new designs are fully digitized with Wi-Fi, highly developed infotainment systems, applications and inter- vehicle communication that allows exchange of information such as speed, position, real time location services as well as available vehicle repair services. Their technology gives the car superior control on its own such as auto-braking, self-parking, automatic accident avoidance, power steering and electronic engine control.


All Original Equipment Manufacturers (OEMs) currently face a huge test of staying atop of the product trends while still being mindful of any environment rules that may emerge with time. There are three ways in which critical dimensions in car product development can be placed. These include macroeconomic forces, strict regulations and a new era of personal transportation.

Macroeconomic Forces
It has been illustrated by past experiences that any new investment in a country or region is a risky move. This is because the large product cycles and deep capital investment make things difficult for manufacturers and, again, global sales are always fluctuating. In 2015, economic conditions became worse, but efforts are being made to improve the situation by leveraging automobile platforms in several regions. The next decade is expected to have consistent growth in its market of light vehicles apart from areas such as North America, Europe, South Korea and Japan where growth is expected to remain constant.

Stricter Regulations
As transportation and vehicle features upgrade, it is expected that stricter fuel economy regulations will be put in place. In the near future, automaker fleets, especially in US and Europe will have to average higher than 60 miles per gallon. This is, however, difficult if oil prices remain low because it causes less efficient vehicles to be used, especially pickups and SUVs. To be in line with these regulations, step-change improvements will be required. One way that looks promising in this line is improving engine efficiency and reducing formation of emissions in the engine cylinders. Honda and Ford have made improvements in their vehicles by cutting off the bulk carried in the vehicle. They did this by replacing the steel parts with aluminum parts, which are lighter. Other car developers have made many improvements on aerodynamics, turbo engines and many other tactics.

Personal Transportation
The traditional automotive companies and software outfits are working together in order to achieve automated transportation. This brings conflicting cultures, business operations and product development models to the mix. The cars to be developed will attract buyers due to their technology and assistance to driver systems. However, the present still holds us in normal vehicle models, which most of us can own or have ability to rent. You can always consult the services of Keflavik airport car rentals because these service providers allow clients to access quality vehicles for rent in Iceland.

What Are The Options In Iceland?
MyCar service allows you to rent a comfortable 4×4 vehicle in Reykjavik or Keflavik. The rates for 3-4 days are -5%, for 5-6 days are -10%, for 7-13 days are -15% and for more than 14 days are -20%. Additionally, if you rent a car in Keflavik, free pick up or drop off is offered to and from the airport office. The vehicles available are Toyota Yaris, Toyota Auris, Toyota Auris Station Wagon, Toyota Corolla, Toyota RAV4 and Toyota Land Cruiser. All the cars can house five passengers, have five doors, can carry large luggage, have manual and automatic modes and are all at least 6.757 ISK.

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