Automotive Product Design and Development – The Current State and Looking into the Future

This paper shall present the details of recently conducted studies that examine the criteria for success and the future of product development in the automotive industry. A majority of the forecasts predict increasing globalization, cost containment, dependence on suppliers and increase in electronics content. Correspondingly, OEM’s and suppliers are adopting and implementing CAD and PLM strategies that shall be explored together with the ideal PLM strategy for OEM’s and suppliers