Expert Insights: The Future of Connected Vehicles and Customer Experiences

Expert Insights: The Future of Connected Vehicles and Customer Experiences

Q: What types of experiences are on the horizon that will be supported through connected or software-defined vehicles? Macleod: As digitally fueled car sales increase, vehicles are also becoming more connected. By the end of the decade, it is estimated that connected cars — cars that can communicate and share data with a variety of…

Hyundai, Kia are still under legal pressure after settling lawsuits

Hyundai, Kia are still under legal pressure after settling lawsuits

The insurance companies suing the manufacturers include Liberty Mutual, Nationwide and American Family. They estimate that Hyundai and Kia’s decision not to include immobilizers has already cost the insurers $190 million. The group estimates that the entire US insurance industry could wind up paying out as much as $600 million in claims. The municipalities, including…

Ford’s EV losses: $2 billion in 2022, $3 billion expected in 2023

Ford’s EV losses: $2 billion in 2022, $3 billion expected in 2023

Ford on Thursday reaffirmed 2023 full-year targets of $9 billion to $11 billion in EBIT and about $6 billion in adjusted free cash flow. It also said it remains confident in its projections that EBIT margins would be 8 percent for Model e and 10 percent companywide by late 2026. Lawler, speaking to reporters, said…

Watching how industries react to innovation efforts

Watching how industries react to innovation efforts

These are interesting times for retail technology in the auto industry, and I get to have a ringside seat. As the new retail technology reporter for Automotive NewsI’m looking for stories that can explain to readers the increasingly dramatic and ongoing retail technology transformation. I want to enlighten retailers about product innovations designed to make…