In the automotive industry, Q2 2024 brought a blend of triumphs and trials for the major players. As traditional automakers and innovative disruptors alike navigate a landscape marked by rapid technological advancement and shifting consumer preferences, their quarterly performances offer a snapshot of broader industry...
Ford has announced its revised strategy for its Oakville Assembly plant in Canada, originally slated for electric vehicle (EV) production. Instead, the facility will focus on manufacturing larger gasoline-powered versions of its popular F-Series pickup trucks. Ford’s decision follows second-quarter EV sales in the U.S....
As U.S. consumers take to the road this summer, the state of electric vehicles hangs in the balance and the payments industry grapples with the issues that will provide the right platform for its growth. First, the sales update. As the major car companies report...
The U.S. car market is reportedly experiencing a surge in inventory levels, prompting automakers to offer significant discounts on their vehicles for the first time in years. This trend, which includes both electric vehicles and non-electric vehicles, has raised concerns about overproduction and the potential...
July 05, 2024
As U.S. consumers take to the road this summer, the state of electric vehicles hangs in the balance and the payments industry grapples with the issues that will provide the right platform for its growth. First, the sales update. As the major car companies report their second-quarter 2024 sales, the results for overall electric vehicle […]
February 01, 2024
While electric vehicles (EVs) have been celebrated for their potential to revolutionize transportation and accelerate the path toward a greener future, recent moves by original equipment manufacturers (OEMs) to scale...
January 17, 2022
Even before the pandemic, mobility loomed large as a key pillar of the connected economy. Now, as consumers embrace buy online, pick up in-store (BOPIS), mobile ordering at quick-service restaurants...
March 26, 2020
The automated retail market opened 2020 on pace to easily continue its double-digit growth. The continued adoption of technologies such as artificial intelligence (AI), machine learning (ML) is making it...
October 31, 2024
Peloton appointed the co-founder of Apple Fitness+ to serve as its new leader. Peter Stern, who joins the digital fitness brand from a position at Ford, is slated to become president and CEO beginning Jan. 1, according to a Thursday (Oct. 31) press release. “Peter is a seasoned strategist with a track record of driving […]
May 23, 2024
The U.S. car market is reportedly experiencing a surge in inventory levels, prompting automakers to offer significant discounts on their vehicles for the first time in years. This trend, which...
April 07, 2024
Tesla CEO Elon Musk says the company will debut a robotaxi this summer. “Tesla Robotaxi unveil on 8/8,” Musk wrote on X Friday (April 5). The multibillionaire had predicted in 2019...
March 13, 2024
Automakers are reportedly anticipating a slower rate of growth in sales of electric vehicles (EVs). While early adopters contributed to a rapid rise in EV sales, mainstream consumers are less...
