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These are challenging times, not only for the manufacturing industry but for our planet and its inhabitants. The markets are changing rapidly, and there is fierce competition everywhere in the automotive business and in the manufacturing world. We face global sustainability challenges, including climate change, depletion of natural resources, poverty, population growth, urbanization and congestion. Consumers are increasingly concerned about rising fuel prices, energy security (see Figure 1: “Increased demand for energy”) and climate change. With these great challenges comes great opportunity. As the pace of change accelerates, innovation is more important than ever [2]. The reduction of CO2 emissions, initiatives for vehicle weight reduction, fuel economy improvements, hybrid vehicle technologies, hydrogen fuel cell powertrains or bio-fueled automobiles only represent some of the latest product related innovations, benefiting the environment and the customer.