Inside Automotive
Enhancing dealers’ social media strategy with artificial intelligence — Gail Rubinstein | Retail Resilient
Social media and artificial intelligence have completely transformed the way dealers connect and interact with customers. On this episode of Inside Automotive, host Jim Fitzpatrick is joined by Gail Rubinstein, founder and CEO of Retail Resilient and long-time member of the dealership community, to learn more about the importance of having a robust social media strategy and how managers can best incorporate AI into that strategy. Watch full segment here.
Top Stories
J.D. Power has announced a new partnership with data analytics firm Palantir Technologies to create artificial intelligence solutions for the car business. In a press release, the two companies stated that the collaboration would leverage J.D. Power’s data, which includes information from virtually every segment in the automotive industry, to develop artificial intelligence-powered analytics and workflow tools. Read More
General Motors saw a complicated second quarter during which its profits rose significantly but with tighter margins than the year before. According to its quarterly earnings report, General Motors witnessed its global revenue rise 25% to $44.7 billion over the second quarter. The automaker’s net income grew even more, rising 52% to $2.6 billion. These two metrics improved in spite of a $792 million payout stemming from the 2021 Chevrolet Bolt recall. Read More
In response to a national crime wave fueled by social media, Hyundai wants to accelerate the release of a software patch to secure its vehicles from being targeted by thieves. This week, the manufacturer is setting up a mobile service facility in Washington, D.C., for owners of the impacted vehicles who live up to 25 miles from Robert F. Kennedy Memorial Stadium, where the event will occur. Read More
On July 24, California-based Enevate and Korea’s JR Energy Solution announced a joint venture in which they would build a U.S. battery cell electrode factory. Enevate and JR Energy Solutions, JR ES, intend to tailor-make lithium-ion battery cell electrodes, including anodes and cathodes. Both companies said they’re currently evaluating potential locations. While they also plan to produce up to 6 GWH of annual paired electrode capacity in different building stages. Read More
For Dealers
What is timeboxing? Decoding Elon Musk’s famous time management technique
There is no doubt billionaire Elon Musk is a very busy entrepreneur seeing as he now owns five companies including Tesla, SpaceX, Twitter (now known as X), The Boring Company, and Neuralink. Many people are in awe of his time management skills, as it can be a daunting task to manage even just one business venture day-to-day. While Musk has admitted he is quite busy and works 80-120 hours a week, he has been able to effectively utilize time management skills including one called timeboxing, which may help other small business owners plan out schedules that work out best for them. Read More
Closer look: the impact of electrification on performance cars
Like it or not, the car business is advancing toward an electric future. Government mandates are pushing automakers to electrify their lineups. This tremendous shift is already impacting the performance car segment. This year, we’re seeing the departure of Hellcat-powered Dodges at the same time Ford launches a rally version of its Mach-E EV crossover. At the same time, Stellantis is teasing the high-voltage Dodge Charger Daytona SRT, and Chevy is introducing an electrified (hybrid) Corvette, the E-Ray. There’s much more ahead. Read More
