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New Toyota CEO touts a three-step plan to EV profits and productivity

From now on, Toyota enters the second phase, when it will quickly incorporate learnings and improvements from those EVs into forthcoming model introductions. That stage will last until around 2026, when Toyota will have built up enough capacity to sell some 1.5 million EVs globally. The third phase kicks off in 2026, when Toyota introduces a completely new EV platform along with its Arene software system for cars. That will allow Toyota to leverage a new vehicle software system to unlock new revenue streams, business models and hyper-efficient product development cycles. The new setup being developed will enable Toyota’s future…

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Kia plans an EV sales blitz by 2030 with the first dedicated EV factory

Kia’s upbeat outlook comes amid increasing enthusiasm for EVs across the industry as automakers from Japan to Europe and the US raise sales expectations amid stronger customer interest and government regulations and subsidies that promote the technology. The shift to electrification will also help Kia move its upmarket brand image, Song added. “In 2021, Kia went through a full-scale transformation of its corporate name, logo, product and design, as well as corporate strategy. As a result, our brand value has improved significantly,” Song said in a news release. “Kia needs to continue its efforts to strengthen the Kia brand identity.”…

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Miss. tires EV manufacturers from bypassing franchised dealers

The law grandfathers in an existing Tesla location, according to the Mississippi Automobile Dealers Association. “It’s rewarding to know that Mississippi lawmakers recognized the importance of a strong dealership network that we have in our state,” said Marty Milstead, the association’s president. “There’s one set of rules for all the manufacturers in Mississippi,” he added. “EV companies don’t get to have their own set of rules.” Startup EV manufacturers such as Rivian and Lucid, which follow Tesla’s model of selling vehicles directly to consumers without a franchised dealership network, have advocated in recent years for exemptions to dealer franchise laws…

Automotive News

Car dealerships slowly examine ChatGPT’s potential

Dealerships may be dabbling in ChatGPT right now, but some of their technology providers believe adoption will happen swiftly. “I think we’re talking a year to a year and a half where [ChatGPT is] doing a huge amount of the car-buying process itself in an automated way,” Horwitz said. IMG05 TruVideo — maker of a messaging, video and AI platform for dealerships — added ChatGPT to its communications software and started a rollout of its updated technology in April, said CEO Joe Shaker. Shaker, who is also owner of Shaker Auto Group in New England, said the technology enables the…

Automotive News

Canadian Black Book names Yolanda Biswah its first president since 2019

Canadian Black Book has a new president, its first since 2019. The data and analytics that specializes in used-vehicle analysis promoted Yolanda Biswah to the newly created position July 1. Canadian Black Book has not had a president since 2019. The position has been reestablished, according to a company spokesman. Biswah was most recently senior vice-president and general manager of Canadian Black Book, which is owned by the US-based Black Book company. “This is a proud, historic Canadian brand, and I am excited to lead it at such an exciting time in the industry,” said Biswah of Canadian Black Book.…

Automotive News

Need to Fix Damage to Your Rear Windshield?

Damage to your auto glass can put you and others in your vehicle at risk. Working with a company that offers professional auto glass services is usually the best way to resolve these problems quickly and effectively. If your rear windshield has sustained damage in an accident or by flying road debris, here are some of the most important things you should know about auto glass repairs for your vehicle in Tampa, FL. What Are the Two Types of Auto Glass? Auto glass generally falls into two basic categories. Tempered glass is used for rear windshields and window glass in…

Automotive News

Transparency, simplicity key to supply chain, auto execs say

Young was joined by Jonathan Jennings, vice president of supply chain for Ford Motor Co.; Jeff Morrison, vice president of global purchasing and supply chain for General Motors; Ray Scott, president and CEO of Lear Corp.; and David Dauch, chairman and CEO of American Axle & Manufacturing. The roundtable was part of the Automotive Golf Classic, an annual event hosted by Automotive News, benefitting the Boys & Girls Clubs of Southeastern Michigan. The panel discussion, which took place at Indianwood Golf & Country Club in Orion Township, was moderated by Philip Nussel, online editor at Automotive News. The auto executives…

Automotive News

Elon Musk’s politics play to potential EV buyers in red states

Mario Natarelli, managing partner of the MBLM marketing group, doesn’t see Musk’s political shift and controversial Twitter posts as an attempt to shift from “blue” liberal customers to “red” conservative shoppers. “I don’t buy the argument that Musk is trying to pivot to red customers,” Natarelli said. “To think that he’s doing it on purpose seems really shortsighted.” Many brands seen as blue, such as Apple, or red, such as Walmart, are able to attract broad swaths of the American political landscape by focusing on their brand strengths, Natarelli said. MBLM publishes an annual brand intimacy report that ranked Tesla…