#752 - 🚗 BYD & Uber Partner For 100K

In partnership with

Welcome to Thursday and August, Friend!

August is when the summer starts to really wear out its welcome. Thursday is somehow the same. Let’s stay after this week and this year. Nothing is over.

Today, we got some news from a slew of automakers and some data about the relationship between car buyers, car sellers, and inflation.

P.S. — Did y’all see Robert Downey Jr. is coming back to the MCU as Dr. Doom? What are we supposed to do, just forget he was ever The Futurist?

Keep Pushing Back
-Paul, Kyle, Chris & Kristi

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BUSINESS

Moves: Stellantis, VinFast, and BYD with Uber

Stellantis Assures Commitment To Maserati, Announces Voluntary Buyout for Workers

Jeep-maker Stellantis is initiating voluntary buyouts for its U.S. salaried workers to cut costs, following earlier layoffs and buyouts. This move is driven by inventory backlog concerns and weakened margins in the U.S. market, aiming to address inflationary pressures. Detailed information will be provided to eligible employees in mid-August.

Additionally, Stellantis dismissed rumors about selling its luxury brand Maserati despite its €82M loss in the first half of the year. Stellantis remains committed to Maserati's future within its 14 brands.

VinFast Is Expanding (Just Not in the U.S.)

VinFast has achieved impressive growth and is expanding globally:

• Delivered 21,747 electric vehicles in the first half of 2024.

• Sales increased by 92% compared to the first half of 2023.

• Plans to deliver around 80,000 vehicles by the end of 2024.

• Delayed the opening of its North Carolina facility to 2028.

• Expanded market entries in Europe, the Middle East, and Southeast Asia.

BYD and Uber Partner to Launch 100,000 EVs Globally

BYD and Uber have partnered to deploy 100,000 electric vehicles on Uber's platform, starting in Europe and Latin America. This partnership aims to make EV adoption more affordable for Uber drivers through competitive pricing and financing, supporting Uber's goal of reducing emissions and promoting sustainable urban transport.

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DATA AND INSIGHTS

Turning Insights Into Sales

As part of an annual study, Urban Science teamed up with The Harris Poll to survey 3,005 adults and 250 car dealers across the U.S. to uncover consumer trends and observations that can be leveraged for better connections and bigger sales at your dealership.

Dive into some of the key insights on how consumers are shopping, how dealers are adapting, and how better data can help make smarter decisions from their 2024 .

👉 Check out the full write-up in our LinkedIn newsletter here. 👀

BUSINESS CONT’D

Automakers Gonna Auto Make: Audi, Ford, Honda, and Nissan

Manufacturers are exploring various strategies to maintain their competitive edge, including launching new EVs, reviving classic concepts, and expanding into micro-mobility.

Audi Unveils New A6 and S6 E-Tron Sportback EVs

• Introduced electric versions of the A6 and S6 models.

• Built on Volkswagen's 800-volt Premium Platform Electric.

• Launching in Europe in September, with a U.S. release to follow.

Turning one of your best sellers into an EV may not, in fact, turn your EVs into best sellers. Just sayin’.

Ford Reveals 2025 Maverick Pickup

• Redesigned Maverick for 2025 with new technologies and hybrid options.

• Starting price of $26,295, production up 77% through June 2024.

Hybrids are so hot right now. Trucks are also quite hot right now. Outside is also just soooo hot right now. When will autumn get here?

Honda Revives Historic HP-X Concept

• Showcasing restored HP-X concept car at Pebble Beach Concours d'Elegance.

• Competing in the "Wedge-Shaped Concept and Prototypes Class" on August 18th.

If we saw this car in the wild, we would say, “Aww, look at that little cutie. Ya lost, buddy?” Think that what Honda was going for?

Nissan Expands Micro-Mobility with Silence Partnership

• Partnering with Silence to introduce electric scooters and the S04 Nano car in the UK.

• Part of Nissan's strategy is to launch 11 new electric models focusing on urban mobility. 

Nissan: Goth Cozy Coupes on a Budget!

AROUND THE ASOTU-VERSE

Coming Soon: Webinar!

Quick Hits

• Amazon’s new Batman show follows the success of X-Men 97 in resisting the golden era of superhero cartoons (please do Spider-Man next!). 🦇 

• Boeing names new president and CEO following a period of massive losses. 🧑‍✈️ 

• Weight loss drugs Ozempic and Wegovy show signs of helping smokers quit. 🚭️ 

History

• 1893: Henry Perky patents shredded wheat. 🥣 

• 1965: Frank Herbert's novel, Dune, was published for the first time. It was named the world's best-selling science fiction novel in 2003. 🪱 

• 1981: MTV, the music video cable channel whose original purpose was to "play music videos" launches. The first music video shown on MTV was "Video Killed the Radio Star" by The Buggles. 📺️

Thanks for reading, friend! We’ve got more stuff going on every day on LinkedIn. Stop by and drop us a comment.