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Two years later, the Indonesian automotive business managed to penetrate the Australian market, marking a major step towards the revival of Indonesian automotive products that adhere to international high quality requirements. With the free trade settlement, automobile manufacturers which have already settled in Indonesia can count on import tax reliefs in Australia. Autonomous driving – self-driving cars – particularly at degree 4+, threatens to additional exacerbate the shared mobility development with the promise of drastically lowered costs per mile. Digitalization and software program have become the brand new battleground for differentiation in the automotive industry and has carmakers shedding floor to tech companies and digital gamers. At the same time, new pure-play electric car OEMs and startups have seen staggering increases in their valuation, far surpassing many legacy players in the business.
With some 157,500 staff worldwide, ZF reported gross sales of €38.3 billion in fiscal 2021. Equipped with ZF self-locking differential and steering system, the fastest German volume manufacturing car of its time grew to become a collector’s merchandise. See how our expertise is driving innovation and the future of computing. SustainabilityArm creates optimistic change at scale through individuals, innovation, investment, and leadership. Quick and easy access to a …