On today’s CBT Newscast for Tuesday, October 31st, 2017:
Can one big product make car buying seamless?
If the goal is to eventually create a seamless end-to-end car shopping experience, wouldn’t the solution be to build one mega-product that would tie all of these systems together? In part 3 of our interview with Ron Frey, Chief Strategy Officer with CDK Global, he says that would be nice, but it’s unrealistic. Watch Now
Ford CFO: Shifting capital away from internal combustion and toward electric vehicles
Weeks ago, we told you about Ford’s move to slash $14 billion in costs in the next five years under their new CEO, Jim Hackett. While discussing the future of Ford with investors, Hackett discussed plans for several aspects of the company, including electrification. Not everyone believes its’ a big enough focus though. Emmanuel Rosner, an analyst at Guggenheim Partners, told Bloomberg, “The world’s impression of Ford is that they are behind on a lot of these technologies.” In an interview with CNBC’s Phil LeBeau, Ford CFO Bob Shanks disagreed with that statement. Watch Now
Facebook’s Marketplace Partners With Auto Dealers To Boost Used Car Sales
Facebook’s Marketplace is partnering with dealerships to boost used car sales. Forbes says it is partnering with a handful of companies, including Edmunds, Cars.com, Auction123, CDK Global, and SocialDealer to expand the selection of vehicles available to shoppers on Marketplace over the coming weeks. Read More