CBT News

The individuals we choose to surround ourselves with can significantly impact our growth and career trajectory. In today’s episode of?Training Camp, Adam Marburger?shares five tips to help you audit your inner circle, create meaningful and beneficial connections, and reach the next level of your career. Watch the full episode here: https://lnkd.in/e7DpaAtu

?? Trump Administration Delays Auto Tariffs, But Uncertainty Remains The Trump administration is unlikely to implement the proposed 25% tariffs on automotive imports on April 2, signaling a shift from its original trade policy. This development was first reported by Bloomberg and later confirmed by The Wall Street Journal. Key Developments: ? Trump initially proposed 25% tariffs on automotive imports in February, alongside duties on semiconductors and pharmaceuticals. ? After pleas from Ford, General Motors, and Stellantis, the administration granted a one-month extension to the automotive industry, delaying the tariffs until April 2. ? Automakers and suppliers have expressed cautious relief, but Trump is reportedly still considering tariffs at a later date. Potential Industry Impact: ? Automotive tariffs could increase costs, disrupt production, and strain supply chains. ? An S&P Global Mobility report estimates a 50% risk of extended production slowdowns and a 30% probability of a quick resolution. ? April 2 remains a critical date, as the 25% tariff exemption on Canadian and Mexican imports is set to expire, adding further uncertainty for North American automakers. What’s Next? ? While auto tariffs are on hold, the Trump administration is still moving forward with reciprocal tariffs on April 2. ? Impacted countries could include the European Union, China, Japan, Mexico, South Korea, and India, which Trump has labeled as “trade abusers.” While this shift in trade policy offers short-term relief to the auto industry, long-term uncertainty remains. #Automotive #Tariffs #TradePolicy #AutoIndustry #Manufacturing #SupplyChain #Ford #GM #Stellantis #GlobalTrade #Economy

?? Hyundai Motor Group Announces $21 Billion U.S. Investment Hyundai Motor Group has committed $21 billion to expanding its U.S. operations from 2025 to 2028, focusing on manufacturing growth, supply chain resilience, and emerging technologies. The investment was announced on March 24 at the White House by President Donald Trump, Hyundai Chairman Euisun Chung, and Louisiana Governor Jeff Landry. Investment Breakdown: ? $9 Billion for U.S. Auto Production ? Expanding U.S. production capacity to 1.2 million vehicles across Hyundai, Kia, and Genesis. ? Upgrading manufacturing facilities, including Hyundai Motor Manufacturing Alabama and Kia Autoland Georgia. ? $6 Billion for U.S. Supply Chain & Localized Manufacturing ? Hyundai Steel will build a new Electric Arc Furnace (EAF) steel mill in Louisiana. ? The facility will produce 2.7 million tons of steel annually, reducing reliance on foreign materials. ? $6 Billion for Future Technology & Innovation ? Investment in autonomous driving, robotics, AI, and advanced air mobility (AAM). ? Strategic partnerships with NVIDIA, Waymo, and Boston Dynamics. Economic Impact: ? Expected to create 100,000+ jobs by 2028, including 14,000 full-time direct jobs in the U.S. ? Strengthens Hyundai’s role in U.S. EV production and technological innovation. ? The White House also announced investment plans from Stellantis, Volkswagen, Honda, Nissan, Rolls-Royce, and Volvo. This investment underscores Hyundai’s long-term commitment to the U.S. automotive industry, solidifying its presence as a key player in the EV and advanced mobility sector. #Hyundai #Kia #Genesis #EV #ElectricVehicles #Automotive #Manufacturing #Innovation

New York’s Advanced Clean Cars II mandate is requiring 100% zero-emission vehicle sales by 2035. Dealers across the state are sounding the alarm over what they call an “unreasonable” and “inorganic” transition. Andrew Guelcher, President of?Mohawk Chevrolet?and Chairman of the Chevrolet National Dealer Council, joins us on today’s episode of?Inside Automotive, to discuss the challenges facing dealers, the impact of government policies, and the broader implications for the automotive industry. Currently, EV sales in New York hover around 7-8%, yet the mandate demands a jump to 35% this year- an increase Guelcher calls “simply not possible.” Watch the full episode here: https://lnkd.in/eBy97_de

Is your dealership making #AI a priority this year? We want to hear from you! ??

Check out these stats/projections from Global Market Insights Inc. The "AI in Automotive" market size, by process, in 2024 was $4.8B. That number is projected to reach $186.4B by 2034. That's an estimated CAGR of 42.8%! North America leads the global AI in automotive market, holding a 33% share, with the U.S. at the forefront, generating $1 billion in revenue in 2024.

?? FBI Launches Task Force to Combat Surge in ‘Domestic Terrorism’ Against Tesla The FBI has formed a special task force to investigate and address a growing wave of domestic terrorism threats targeting Tesla. The move follows a series of vandalism, cyberattacks, and sabotage attempts against the automaker’s facilities and infrastructure. Key Developments: ? Rising Threats: Authorities have reported an increase in organized attacks on Tesla factories, charging stations, and supply chains, with incidents ranging from property destruction to online hacking attempts. ? Cybersecurity Concerns: Tesla, a leader in AI and autonomous driving, has faced escalating threats to its data security and vehicle software, prompting concerns about potential system breaches. ? Factory Incidents: Multiple Tesla production sites, including its Gigafactories in Texas and California, have been targeted, leading to heightened security measures and law enforcement collaboration. Government Response: ? FBI Task Force Mobilization: Federal authorities are working closely with state and local agencies to track, prevent, and prosecute those responsible. ? Enhanced Security Protocols: Tesla has implemented stricter security measures, including increased surveillance and law enforcement partnerships. ? Elon Musk Responds: While Tesla has not issued an official statement, CEO Elon Musk previously hinted at rising security concerns and the need for greater protection of U.S. tech infrastructure. ?? As Tesla remains at the forefront of innovation, it has also become a major target. Can the FBI’s intervention help curb the rising threats? #Tesla #FBI #CyberSecurity #ElonMusk #EVIndustry #CBTNews

BYD Overtakes Tesla in Annual Revenue, Solidifies EV Leadership ?? BYD has officially surpassed Tesla in annual revenue for the first time since 2018, reporting $107 billion in sales for 2024—beating Tesla’s $97.7 billion. The Chinese EV giant also saw a 34% increase in net income, exceeding analyst expectations. BYD’s Rapid Growth in the EV Market ? Leading in China: BYD is now China’s top-selling automaker, delivering 1.76 million fully electric vehicles—nearly matching Tesla. When including hybrids, BYD’s total sales hit 4.27 million, rivaling Ford. ?? Cutting-Edge Technology: The company unveiled fast-charging tech that adds 249 miles of range in just 5 minutes and has integrated driver-assist features across all models. ?? Investor Confidence: BYD’s Hong Kong-listed shares surged 51% this year, hitting record highs. Tesla’s Challenges in China ?? Five Straight Months of Sales Decline: Tesla’s market share in China is shrinking, while BYD now controls 15% of the world’s largest auto market. ?? Global Expansion: Despite U.S. tariffs limiting its entry into North America, BYD is aggressively expanding into Europe, Australia, and Asia. ?? A New Industry Leader: Chairman Wang Chuanfu asserts that Chinese automakers are now global pioneers, no longer just followers in EV innovation. ?? With record-breaking sales and international expansion, BYD is emerging as Tesla’s biggest global rival. Can it sustain its momentum and challenge Tesla’s dominance worldwide? #BYD #Tesla #EVMarket #ElectricVehicles #EV

AI for Car Dealerships: Meet the Lotlinx Machine The automotive industry is evolving fast—buyer behaviors are shifting, demand is fluctuating, and competition is fiercer than ever. Dealers who want to stay ahead must adapt quickly, leveraging?AI and machine learning?to work?smarter, more efficiently, and more profitably. That’s where?The Lotlinx Machine?comes in. As the backbone of the?Machine-Assisted Dealership, it taps into the industry’s largest data set—5 million VINs, 11 million VDPs, 26,000 dealer websites, and 100 million daily shopper interactions—to empower dealers to: Make decisions with unprecedented speed and accuracy Execute flawlessly, from pricing and promotions to inventory management Identify risks and opportunities?in time to take meaningful action Be proactive, not reactive,?in responding to market shifts With?Lotlinx AI-powered solutions, dealers can?outsmart the competition, optimize their operations, and drive real results. Are you ready to take your dealership to the next level?

GM Design’s YMAD Program Celebrates 20 Years of Inspiring Young Creatives ?? General Motors (GM) is shaping the future of automotive design through its Youth Modelers, Artists, and Designers (YMAD) program, which just celebrated its 20th anniversary! This 11-week course introduces middle and high school students to sketching, digital sculpting, and material design, helping them explore careers in automotive creativity. How GM Is Investing in Future Designers: ?? Expanding Nationwide: Once a Michigan-based program, YMAD now attracts students from across the U.S. and internationally. ?? New Competition: GM has partnered with the Northville Concours for a poster design challenge, with the winner’s work unveiled in May. ?? Removing Financial Barriers: YMAD provides kits with essential art supplies to ensure all students can participate. ?? Diversity & Inclusion: GM supports underrepresented groups through Girl Scouts initiatives and a $300,000 investment in a Boys & Girls Clubs Design Industry Club. Why It Matters: ?? Design College Enrollment Is Declining – GM is filling the gap by investing in pre-collegiate programs to nurture talent early. ?? Industry Impact – With over 200 alumni from the College for Creative Studies now working at GM Design, the program is building the next generation of automotive leaders. ?? Applications for the 2025-2026 YMAD program open this fall! Know a young artist with a passion for cars? This could be their first step toward an exciting career! #GMDesign #YMAD #FutureDesigners #AutomotiveCreativity #STEM #CBTNews