The auto industry can pray that household income miraculously starts growing much faster, or that it can figure out how to slash costs to make cars more affordable while trying to find new sources of revenue.
Yanfeng’s ClickRim modular steering wheel consists of individual shells that are clipped onto the steering-wheel rim and connected to each other in an automated process that dramatically cuts manufacturing time.
Production in India, Indonesia, Thailand and some smaller hubs will more than offset downturns in Japan and South Korea over the next five years in the Asia-Pacific (less China).
