Conrad Layson

Great perspective on what is really happening in the EV market from Laurence Iliff of Automotive News. One takeaway: Auto sales act like other free markets and prices rise and fall with demand for EVs two. Incentives near $9k or more lower the price to attract buyers. OEMs at some point need to have vehicles that sell without such huge discounts.

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While the upswing in 2024 isn’t likely to be as strong as last year’s, the wholesale vehicle market is showing a gradual rebound in volumes… Cherokee Media Group’s Joe Overby has more in this premium content from #AutoRemarketing. #businessintelligence #usedcarweek

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"EV6 and EV9 established Kia as a key player in the global EV market," Kia Worldwide President and CEO Ho-Sung Song said this week. "And EV3 is poised to extend EV ownership to a much broader group of customers." This may be the biggest EV debut of 2024. It is, without a doubt, the Korean automaker's boldest move yet in its plan for "EVs for all." With a price tag targeting $35,000 and 300 miles of range for the U.S. market, plus goals of 70,000 to 80,000 annual sales here, this affordable electric crossover would rank among its most popular models. Is this one of the game-changers the market has been looking for?

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⚡️Five SBOM Insights from the Volkswagen and Rivian Partnership 🤝 📰 VW and Rivian announced a strategic partnership a few days ago, to jointly develop new software-based vehicle platforms for both companies. #VW will invest up to $5 billion in #Rivian, forming a joint venture focused on the development of new E/E architecture: https://lnkd.in/deSCP4GV 🔦 Today though, we're analyzing this partnership from a #ProductSecurity prism - the economics of scale around software development, #compliance and #SBOM management. Let's dive in! ** Five SBOM Insights from the VW and Rivian Partnership ** 1. **Investment and Strategic Partnership**: VW’s investment in Rivian signals a strong strategic partnership, likely granting VW some access to Rivian's software development prowess. Deploying proper SBOM practices helps ensure transparency in the software components being used by both companies, while collaboratively managing updates and security patches. 2. **Focus on Electrification and Mobility**: The collaboration is aimed at developing next-gen software platforms for electric vehicles and their ecosystem. SBOMs are crucial here as they ensure that the software throughout the ecosystem - charging stations, power infrastructure, grid management companies, and others - is secure and reliable, preventing potential cyber threats while maximizing operations. 3. **Shared Platforms and Technology**: By sharing platforms and technologies, VW and Rivian can streamline development processes throughout their supply chains. An SBOM allows both companies to have a clear understanding of the software stack and visibility into supply chain security practices, facilitating smoother integration. 4. **Innovation and Development Efficiency**: The partnership aims to leverage combined resources for faster innovation. SBOMs can accelerate this by providing a clear view of reusable components and identifying potential risks early in the development cycle. 5. **Regulatory Compliance**: Last but not least. As automotive software becomes more complex, compliance with regulations like UN Regulation No. 155, ISO/SAE 21434, and Chinese GB Standard, becomes critical. SBOMs play a vital role in ensuring that all software components meet these regulatory standards, thereby reducing legal and compliance risks. ***  SBOM, much like TARA (Threat Analysis and Risk Assessment), are entry points to a holistic DevSecOps journey. Whether you're making your first steps in Product Security, or looking for a robust DevOps orchestration platform, we're here to help. Our risk-driven, context-based product security platform empowers car makers and suppliers to achieve three key business multipliers: 1️⃣ Risk-driven analytics and automation 2️⃣ Dynamic risk management throughout the product lifecycle 3️⃣ Compliance and regulation automation 🔗 To learn more about our SBOM product and schedule an exclusive demo: https://lnkd.in/dQY8VKaB

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Couple of Dealers are coming to ASOTU CON. It may be too early to say for sure, but this might be one of the largest gatherings of Dealers from a variety of franchises and group sizes outside of the National Automobile Dealers Association (NADA) Show. I hope YOU are one of them! #automotieindustry #cardealership

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During its Q1 earnings call, Ford Motor Company CEO Jim Farley said the company needs to make “tremendous progress” on Model e as it expects the division to lose between $5 billion and $5.5 billion this year. Read more about how Ford is adjusting in my latest for Automotive Dive:

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Drivers considering going electric have questions for their dealership sales staff. But a study found less than half of dealerships feel well-prepared to sell EVs. That's why the new ElectrifIQ sales certification program is so important. Launched by the National Automobile Dealers Association (NADA) and the Center for Sustainable Energy (CSE), ElectrifIQ is designed to boost dealerships' knowledge of EVs and EV charging. The cost of ElectrifIQ is $495 to train an entire dealership sales team and includes a two-year EV sales certification. However, the first 500 California NADA member dealerships to apply will get the training fee waived! Learn more: https://lnkd.in/dyvXfxH2 ⚡🚗 #EV

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CDK CyberAttack Disrupts Group 1 Automotive But Still Selling Competitor DAS Offers Discounts https://lnkd.in/dVWawD7m auto connected car newsWhile CDK is working restore systems at over15,000 retail locations, reportedly caused by BlackSuit automotive dealers are informing investors of the affects. DAS Tech is waisinging Subscription fees for new activation for dealers who have problems with CRM and DMS outages. -DAS Technology, automotive’s leading consumer engagement SaaS technology company, with the industry’s first next-level Consumer Data and Experience Platform® (CDXP), is assisting automotive dealerships experiencing service disruptions with other vendors. The company is waiving subscription fees for new activations of lead response messaging, SMS solutions, and custom microsites for auto dealers impacted by any other vendor’s Consumer Relationship Management

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The latest Market Moves Electric Vehicles newsletter delivers another jam-packed lineup of interesting news and views. Leading the way: - Ford CEO Jim Farley on the new clarity behind the car maker's EV strategy - the still-high repair costs as the industry continues to scale - an electric vertical take-off and landing venture flying past its latest milestone Catch up on that and more via the link in the comments and scroll down to 'click here' on that page if you'd like to subscribe to future newsletters. #electricvehicles #automotive #manufacturing #autorepair #evtol #aviation

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Tech moves fast in the EV industry, and so it’s worth noting that the next evolution and replacement of this not-yet-in-production PPE architecture is already afoot. Known as the Scalable Systems Platform (SSP), this new component matrix is set to replace both the smaller MEB platform that underpins the Q4, and the upcoming PPE models in their next lifecycle. #Audi #AudiClubNA

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The idea of "connected services" is controversial in the consumer automotive market. Consumers don't love the idea of a heated seat subscription that runs out one day in February when the temp drops to -14°F. But connected services have quietly revolutionized the fleet business. With connected services like Brightdrop and OnStar from General Motors and Ford Pro Services from Ford Motor Company, fleet customers of all sizes can learn more than ever about the vehicles that are so crucial to their business. Telematics can help you understand where your drivers are, built-in dash cams can reduce insurance and labor costs, and data services can provide critical information on the health of your fleet. These services can even help businesses calculate the difference in maintenance and fuel costs between a conventional internal combustion engine fleet and switching to an all-electric fleet. Companies like Verizon have dominated the telematics and connectivity space, but in 2023, Ford saw 500,000 Ford Pro customers, an increase of 46% over 2022, with a reported margin over 50%. It's a major source of new business for the traditionally sleepy end of the automotive industry.

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