Inside Automotive
From disruptor to insider: technology’s impact on Tesla — Kevin Tynan | Bloomberg Intelligence
In recent years many car manufacturers have sought to shed their “old-school” appearances, with companies such as Tesla and Rivian branding themselves as tech startups rather than automakers. But how is the market responding to these developments? On this episode of Inside Automotive, host Jim Fitzpatrick is joined by Kevin Tynan, senior automotive analyst for Bloomberg Intelligence, to discuss how industry disruptors have subtly become industry insiders. Watch the full segment here
Top stories
Due to allegations of losing steering control and power steering, U.S. auto safety officials announced that they had started investigating 280,000 new Tesla Model 3 and Model Y vehicles. After receiving complaints from owners of the vehicles, the National Highway Traffic Safety Administration (NHTSA) launched a preliminary investigation. One Model 3 driver complained that the steering wheel felt stuck and caused the car to slide off the road, which resulted in crashing into a tree. Read More
Multiple car manufacturers, including Tesla and Ford, are seeking access to a potential lithium supply owned by Exxon Mobil. The gas supplier is presently excavating a 10-acre area in Arkansas in the hopes of locating metal deposits. While it is not clear if its efforts have been successful, Exxon has joined other oil-industry giants in their attempts to break into the lithium business, partly to leverage the sudden rise in demand and partly over fears that the increasingly popular electric vehicle segment will soon limit the need for petrol production. Read More
The new Chevrolet Blazer EV has begun shipping, and General Motors has revealed the official pricing for the trims that will be available later this year. The first electric Blazer, in the RS all-wheel-drive configuration, began arriving at dealers on July 31 from the GM plant in Ramos Arizpe, Mexico. With a projected range of 279 miles on a full charge, its starting price of $60,215 is greater than previously anticipated. Read More
California regulators are investigating data collection practices used by car manufacturers over privacy concerns. The California Privacy Protection Agency (CPPA) on Monday announced it would review data-sharing methods and regulatory compliance through conversations with car manufacturers. Executive director Ashkan Soltani noted that modern vehicles can “collect a wealth of information via built-in apps, sensors, and cameras, which can monitor people both inside and near the vehicle.” Read More
For Dealers
Harnessing big data for dealerships: analysis, techniques and tools
Data has become the driving force behind informed decision-making in retail and marketing. And this is especially so in the automotive industry. MarketWatch states, “The Global Big Data Analytics in the Automotive market is anticipated to rise at a considerable rate during the forecast period, between 2022 and 2030.“ Read More
Large language models, AI to offer dealers opportunities to increase their operational efficiencies
Artificial intelligence has become a normal part of our lives, powering mapping apps, customer service chatbots and more. Dealerships have been taking advantage of the technology for years through a variety of tools, but with the dawn of large language models such as ChatGPT, new opportunities for business efficiency are on the horizon. Read More
