ADAC Automotive, a Grand Rapids-based Tier 1 automotive supplier, is working toward a new strategy that will bring supplier-initiated technological advances into the sector.
Manufacturers in the automotive supply chain are scooping up acquisitions in emerging technologies to break into new markets before their competition. By moving into alternative powertrains, connected car technologies, artificial intelligence and predictive analytics, suppliers want to position themselves to get ahead of disruptions as the industry shifts to the “car of the future,” according to Jeff Zaleski, U.S. automotive deals leader at PricewaterhouseCoopers LLC, a global consulting firm.
West Michigan-based technology executives increasingly view the industry as an up-and-coming star of the region’s economy.
GRAND RAPIDS –– The city of Grand Rapids over the next year will join the growing ranks of cities around the world seeking to enhance their data management practices.
More automotive suppliers these days are finding it’s easier to buy cutting-edge technology companies than to develop the complex systems on their own.