CBT 07/26/23 Newsletter

General Motors raises yearly guidance, but felt profit pressures in Q2

General Motors saw a complicated second quarter during which its profits?rose?significantly but with?tighter?margins than the year before. (LEARN MORE)

J.D. Power, Palantir to partner on artificial intelligence tools for dealers, OEMs

J.D. Power?has announced a new partnership with data analytics firm?Palantir Technologies?to create artificial intelligence solutions for the car business. (LEARN MORE)

Hyundai aims to expedite anti-theft software following social media-fueled crime wave

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. (LEARN MORE)

The U.S. is getting a new EV battery cell electrode facility

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.?(LEARN MORE)

Enhancing dealers' social media strategy with artificial intelligence — Gail Rubinstein

Social media and AI have completely transformed the way dealers connect and interact with customers. On?Inside Automotive,?Gail Rubinstein, founder and CEO of?Retail Resilient?and long-time member of the dealership community, shares about the importance of having a robust social media strategy and how managers can best incorporate AI into that strategy.

What is timeboxing? Decoding Elon Musk's famous time management technique

Elon Musk is a very busy entrepreneur seeing as he owns 5 companies including?Tesla, SpaceX, The Boring Company,?Twitter?(now known as X), 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.

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.?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. For dealerships specializing in brands known for driver engagement, the transition to electric performance cars brings challenges and opportunities.

CBT Cartoon of the Day