Are You Impacted by the Connected Vehicle Rule?
Many OEMs, suppliers, and aftermarket companies may be affected by the CVR - here’s what you need to do now.
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Are You Impacted by the Connected Vehicle Rule?
Transcript
Well, the the starting point is you need to understand what you are selling into the market that is covered by this rule, first and foremost.
Whether you are an OEM or you are a supplier in their supply chains, you are potentially impacted by this rule if you are if you are working within the VCS or ADS functions, of a vehicle. One important point that we have not touched on so far is you are also covered by this rule if you were an aftermarket telematics, company. So if you if you create products that plug into vehicles and provide connect and and have connectivity in them or provide autonomous driving, you are also covered by this rule.
And and we find that that is a group of companies that are less, aware of the fact that they're impacted here. So first, understand what products you have that are impacted, then make sure you are getting your your your supplier, your hardware, and your software component inventories, together as your starting point so that you can do your risk assessment and you can understand what your compliance baseline is. Then you have to get into that diligence process. And and that diligence process is a lengthy one when you have complex multi tiered supply chains and you have to reach out to suppliers you've maybe never, connected with in the past who are many layers down your supply chain. So you need to give yourself ample time. You really should be working on this already, if if you have not.