Audi is in talks with Chinese state-owned SAIC Motor for an EV platform

Audi is in talks with Chinese state-owned SAIC Motor for an EV platform

The rumor mill is gaining momentum in China as two more sources have shared new details of Audi’s alleged plans to source its next EV platform from an OEM overseas. Chinese-state owned SAIC Motor appears to be the current frontrunner as discussions with Audi are reportedly advancing and maintaining to the former’s luxury sub-brand IM…

The power of post-purchase: How automakers can maximize customer lifetime value

The power of post-purchase: How automakers can maximize customer lifetime value

3. Connectivity will become key Integrating the car into the ecosystem is critical, and in-car connectivity plays a vital role in keeping consumers connected and engaged while on the go. Connectivity enables the development of new digital ecosystem services that offer a more immersive and personalized driving experience, better safety and security, and added value…

Ford Oakville plant’s switch to EVs will start in 2024

Ford Oakville plant’s switch to EVs will start in 2024

Ford Motor Co. on Tuesday said the previously announced $1.3 billion transformation of its Oakville Assembly Plant for electric vehicle manufacturing will begin in the second quarter of next year and take about six months to complete. During that time some of the 3,000 workers at the Ontario, Canada, the site will be furloughed, although…

Inventory at its highest point in nearly 2 years

Inventory at its highest point in nearly 2 years

New-vehicle inventories rose slightly last month to their highest point in nearly two years as production constraints continue to ease, according to data compiled by Cox Automotive and the Automotive News Research & Data Center. Cox’s most recent estimate of the US inventory is 1,893,855 vehicles, a 56-day supply. That is up from the 1,828,290,…

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…