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EV startups face another tough quarter, Warren Buffet on the EV market, Tesla full self-driving update

Inside Automotive 

Sean Gardner joins Inside Automotive to discuss how the sales process depends on speed and efficiency to deliver a good customer experienceSpeed in car sales: How to shorten customer wait times — Sean Gardner | Joe Verde Group
On this episode of Inside Automotive, host Jim Fitzpatrick is joined by Sean Gardner, instructor and sales trainer at the Joe Verde Group, to discuss methods for making the sales process more efficient for businesses and more convenient for customers. Watch the full segment here

Top stories

CEO Jim Farley reaffirmed Ford's commitment to continue supporting third-party apps such as Apple CarPlay and Android Auto in its vehicles.
Image Source: Paul Morris | Bloomberg

CEO Jim Farley reaffirmed Ford’s commitment to continue supporting third-party apps such as Apple CarPlay and Android Auto in its vehicles during a May 4 interview with the Wall Street Journal. While many brands are looking to build proprietary replacements, the Ford chief held that it is no longer possible for automakers. Read More

Q4 of 2022
Image Source: Lucid Motors

Reuters reports that American EV startups are expected to disclose another quarter of falling cash reserves. The report piles the pressure on a group of companies battling to increase production while needing more choices for financing in a turbulent economy. Read More

 

CEO Warren Buffet and vice chairman Charlie Munger expressed uncertainty over the electric vehicle market and its current competitive makeup
Image Source: Entrepreneur, Johannes Eisele | Getty Images

In remarks given during a weekend conference, CEO Warren Buffet and vice chairman Charlie Munger, both of investment firm Berkshire Hathaway, expressed uncertainty over the electric vehicle market and its current competitive makeup in the U.S. While both investors spoke positively about the sector’s prospects, neither felt comfortable naming a reliable frontrunner among the industry’s current electric car manufacturers. Read More

FSD Beta, Tesla v12In its FSD Beta v12, Tesla intends to enhance its self-driving system using end-to-end AI. Although the FSD Beta already has AI, it’s only utilized to assist vehicles in detecting their surroundings. Musk mentioned another v12 release that will include “end-to-end AI” in a statement pushing FSD Beta improvements in the next v11.4 edition, arguing that “v11.4 should probably be v12.0, given many significant improvements. Read More

For Dealers 

9 of the latest trends in automotive email marketing for 2023
As we cruise into 2023, the automotive dealership landscape is shifting gears and email marketing remains essential to any successful marketing strategy. To stay ahead of the curve and drive sales, dealerships must pay close attention to emerging trends in email marketing. Here are the top trends to watch for in 2023. Read More

Best practices: Prospecting inbound and outbound sales leads
Any veteran car salesperson will tell you that much has changed over the past couple of decades – and even more just in the last few years. Coming from someone who has coached salespeople on how to respond to Internet leads, we’ll go over the best ways to handle incoming leads and deal with unsold and upcoming prospects. We’ll also touch on what it means to use social media in day-to-day selling.  Read More

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Jaelyn Campbell
Jaelyn Campbell
Jaelyn Campbell is a staff writer/reporter for CBT News. She is a recent honors cum laude graduate with a BFA in Mass Media from Valdosta State University. Jaelyn is an enthusiastic creator with more than four years of experience in corporate communications, editing, broadcasting, and writing. Her articles in The Spectator, her hometown newspaper, changed how people perceive virtual reality. She connects her readers to the facts while providing them a voice to understand the challenges of being an entrepreneur in the digital world.

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