Detroit Bureau on Twitter

Posts Tagged ‘new car patents’

Automotive Industry Innovation Declines in 2014

Toyota leads auto pack with 4,300-plus inventions.

by on May.29, 2015

Despite the news about Google's push for autonomous vehicles, the rate of innovation in the auto industry fell in 2014.

Despite all the talk of driverless and connected cars, a new study suggests that the pace of innovation in the automobile industry has actually slowed in the past year.

Among the 12 technology sectors studied by Thompson Reuters, worldwide patent volume in all sectors increased just 3% over the last year, the slowest rate of patent volume growth since the end of the global recession in 2009. In addition, innovation in the powertrain area actually declined

Technology News!

At the same time, the total volume of new scientific research decreased 23% during the same period, according to the study. (more…)