LIVONIA, MICH. (Dec. 27, 10:55 a.m. ET) — Big automakers are acting way too cautious to meet the 2025 deadline to average 54.5 mpg, according to pioneering light-car designers. If that’s the average, it means car fleets are going to need some models that get many more miles per gallon. And it isn’t easy, said Oliver Kuttner, founder and CEO of Edison2, which developed a gasoline-engine car that can top 100 mpg and won $5 million in Progressive Insurance’s Automotive X Prize in 2010.
In the wake of the economic turbulence earlier in this decade, molders today find themselves in much better shape. Molders are gaining a competitive advantage by investing in people, equipment and seeking inroads into new markets on a global scale.
Growth in the injection molding industry is going to be driven by low financing costs and a continued move to reshore some business.