What are algorithms doing or going to do to us ?
With my job, my company, my house, my life style? Me?
There are challenges and obstacles that we must meet.
See what 9 people who are right in the middle of dealing with this change tell us.
The basic premise behind getting rid of the vernacular and certain terminology
associated with the sale of a vehicle is that “There is no such thing as a deal with a car purchase”
Visionary franchised and independent automotive retailers have an opportunity to act & change.
The discontinuance of the use of these words maybe the next breakthrough for auto retailers.
Perhaps the emergence of online sales and COVID vehicle sales process will accelerate a whole new way to acquire the use of a vehicle
The size, sources, & supply of lithium seems to be a “dirty little secret”
Conflicting reports on sourcing causing race to find a steady source of lithium
Lithium is the key component in rechargeable electric car batteries.
Almost every ounce of battery-grade lithium is imported to U.S. & Europe.
The U.S. goal for EV production prompts the urgency of getting a lithium supply unleashed in a mining boom.
Claims being made that the Race for “white oil” threatens to cause damage to the natural environment & price wars.
Lithium supply is set to triple by 2025.
Will the global electric vehicle market manage the supply & demands factors?
User Based Insurance is catching on with Underwriters .
Underwriting rates based on real driver behaviors data..
Usage-based insurance is being adopted by major vehicle underwriters,
Metromile uses artificial intelligence & machine learning technology lead the way.
Major vehicle insurance companies using AI and Machine learning to set rates
Companies like Metromile are putting connected devices in vehicles. Then uses generated driver data to personalize quotes.
Remember seeing Spot moving boxes & materials around and looking cool?
Robots like the signature dog have been developed by Boston Dynamics in the last 28 years.
The Boston Dynamics enamored Google, Softbank, and now Hyundai to seeks to buy the company for $1B.
Meantime, BD’s robots are known for fluid movements & human like machines including Spot, the Robot Dog, a You Tube sensation.
Nobody knows what Hyundai will do with BD. Maybe talk of a Walking cars is being taken seriously.
GM intends to continue to be a global automotive source & brand.
So GM is transitioning to & investing heavily in electric vehicles.
In the next 5 years, seeks to be the major source of EV cars & trucks.
Investing $27B by 2025 & set to take on Tesla.
Seeks to refashion itself as a mobility company of the future.
EV revolution could trigger the eventual AV revolution in vehicle market.
What is going to be your fuel of choice in the next 5 years? Probably not fossil.
Hydrogen seeks to be a contender– BUT when is it going to be commercially available & affordable?
The production capability seems to be available from at least 4 major companies.
Green hydrogen is being toted by these consolidating commercial gas industry producers.
But there needs to a lower cost of hydrogen fuel production & distribution drive market & usage.
Does one need to own a car anymore?
The whole idea and need for people to buy and own a car is under consumer consideration
Even the economic and logistical aspects of auto management are under change/
Question is will the dealer business model be able to transitions to total vehicle management in next few years.
Can flying machines overcome the problems of vehicle traffic?
GM & Asians is looking into aviation, flying taxis, & considering future of air mobility.
Wants to examine possibility of electrification, autonomy, & connected services.
High costs, safety concerns, and regulations may limit deployment. Even battery weight.
Innovation in battery technology spurred by electric cars making air mobility look possible.
In spite of success and utilization of the Hornsdale batteries, there seems to be Tesla need for more power & long charge.
Number of other battery technologies are in development.
Battery costs continuing to fall & renewable power sources proliferating.
Cobalt-free iron phosphate design that could cost as little as $80 per kWh.
Tesla hoping batteries can function for million miles before being replaced.
EVs are expensive because of the cost of the minerals that compose the batteries.
However, there maybe a solution.
Batteries can be recycled through smelting, direct recovery, & other means
Companies like Li-Cycle using advanced recycling technologies to recover up to 100 % of lithium.
Effort is to use old batteries to provide new products & services & to use recycled EV batteries to make new batteries.
This report from an internationally known & respected publisher-editor spells out the current position of global logistics.
While Technology is very important it seems that all logistics companies are quite behind on technology.
The content of this report should cause global logistics management to have a wake up call.
No Robots in the UAW Yet But Robots are paying their dues.
Robots at Ford’s Van Dyke Transmission Plant are performing tasks that point to future of automation & hopes of saving money.
Agility Inc’s robot, Digi, is then delivering packages out of a Ford van built by Boston Dynamics Two Robots.
Distributing and delivering goods is likely to be an important application for walking robots.
Whole industries and all those in logistics management who move goods and products should absorb these Ten Lessons.
This insightful and seasoned distillation of the realities of logistics and supply management is a must read.
In fact, the list should be saved, printed out, and posted on your office wall. And acted upon in mass.
These guidelines were shaped, positioned, and documented by the respected Louis Yiakoumi, Founder & Publisher of Auto Logistics Group.
Is the Automotive Dealer Business Model in peril?
Are changes in the way vehicles are being sold, the Pandemic, & technology signaling demise?
Dealers need to discuss how to adapt to an uncertain future where they will not have franchise protection.
Many say there is an urgent need to gather the industry leaders at or before NADA & come up with solutions.
Honest discussion & decisions based on either truly adapting & listening to the customers OR– simply selling out.
Some considering a Total Vehicle Management Offering that manages every aspect of consumer vehicles utilization.
Investors in the stock underwriting business community create shell companies that have no operations.
These transitory financial entities are called a SPAC or Special Purpose Acquisition Company.
Such financial structures are raising capital for investment in Nikola Trucks, Hylion, and Fisker Auto.
The SPAC is then transitioned to an IPO and placed on the Exchange for more investors.
The financing and underwriting of auto loans and leases goes on- Pandemic or not,
The impact of the COVID19 shutdowns and dealership closures has not yet impacted the delinquencies appreciably.
Both Loan and Lease Portfolio companies have yet to become alarmed as funding digitization comes to rescue. Second Quarter numbers will be revealing.
The question for national, state, & local governments is “Are you funding the needed repairs now?”
It is apparent that the nation’s highways and bridges are in a general state of deterioration & un-repair.
The need for the nation’s roads & bridges to be repaired & safe compounded by increase car travel due to Pandemic. This is a crisis in the making.
Graphene, sometimes referred to as Graphite as used in pencils,
In spite of its complex structure may impact the safety of future automobiles.
Graphene has tremendous applications in composites & coatings in vehicles and in medicine
The material is light, strong enhancing the safety of safe vehicles.
Material has growing applications aircraft and automotive composites.
Most important attribute is weight savings in vehicles.
Widening applications for the material in the form of powder. Used in production of coatings for touch screens & precise sensors & displays.
Retailers are hiring thousands of Robots to replace people.
Spot, the Robot Dog, performing multiple jobs formerly done by humans.
Monitors remote or hazardous environments & provides situational awareness.
Doing dangerous jobs reducing the risk to human injury, Make no bones about it.
Amazon is systematically taking over the logistics and delivery channel for it’s goods & services.
Company has changed not only how goods are delivered, but now made, manned, and mainstreamed.
Two things could constrain Amazon from complete control of the delivery channel: COVID19 & U.S, Regulators.
The time has come. There is a need for the automotive industry leaders to seek to deal with the underlying cause(s) of gender imbalance and disparity in automotive management .
There seems to be a some kind of lid on surfacing and talking about the reasons why they need to change things. Some say it would be career ending move if a leading woman or women to speak out.
Further, no industry organization, women’s association, or individual women or men seems to be acting, even demanding, that change(s) need to made and now.
Maybe If investors and funding infrastructure would underwrite and back female management and innovators, then things would change
Hertz is endanger of going out of business.
The once symbol and leader of the car rental industry is in peril as stock offerings are rejected, refinancing of debt looms in doubt, and the whole financial infrastructure that held the Hertz business model together is looking for ways to get out.
The lawyers have grabbed the wheel as knowledgeable industry consultants, rent-a-car management, and a battery of underwriters, analysts, and trade publications may well have the solution to save what is left of Hertz.
Remember Jose Menendez and then there was OJ ?
The need for a low cost EV battery continues to be an industry challenge, even for Mighty Tesla.
Dozens of battery manufacturers around the world and at the OEMs are focused on using low-cobalt and cobalt-free battery chemistries & the use of chemical additives, materials and coating;
The high cost of an EV battery assembly and its replacement cost are impacting the sale of EVs, market penetration, and volume. The Pandemic has not helped.
Predictions are that prolonged COVID-19 Pandemic will sharply reduce total vehicle sales in 2020.
A quick recovery scenario where the economy & auto industry bounce back seems unlikely.
Analysts predict new vehicle sales will only reach 16.4 million. Automotive manufacturers & dealers working to align marketing initiatives toward the Black and Minority specific audiences.