As we continue reporting on how costly mobility projects, connectivity, and autonomous development are weighing on automakers’ bottom line, readers want to know exactly when these endeavors will become profitable. While the path for data acquisition and in-car marketing is fairly clear, self-driving cars are new territory. But it’s all speculative. Logistical, ethical and regulatory issues abound — and legislators seem rather poorly informed on the technology in general.

For now, companies have a pass to test autonomous vehicles in limited quantities across the United States. The next move, which some firms (like Waymo) have already undertaken, involves adapting test-bed AVs for use in commercial fleets. Profitability is another matter, and concerns are mounting that the technology isn’t ready and might not be for some time.  (Read More…)

Despite playing host to what everyone presumed would be a very hot property, Lyft’s IPO hasn’t panned out as expected. While the company’s Friday stock debut was strong, April 1st was less promising, with Lyft’s share price slipping by nearly 12 percent in a single day. It’s now well beneath the target price, casting doubts about the financial sustainability of mobility firms.

It’s a complicated issue. Lyft was valued at more than $22 billion when it went public last week, but investors are concerned with the company’s inability to turn a profit. Last year, the ride-hailing giant posted a net loss of nearly $1 billion. With Uber likely to announce its own IPO soon (and likely face similar headwinds), many are concerned.  (Read More…)

Annoyed by the lack of passenger data available from ride-hailing companies like Uber and Lyft, two researchers took matters into their own hands. Hoping to learn why people use ride-hailing apps to get around town, the authors of a study published in the Journal of Transport and Land Use joined forces, with one of the men volunteering to get behind the wheel of a 2015 Honda Civic on the mean streets of Denver, Colorado.

If Uber and Lyft wouldn’t share, maybe real, live passengers would. (Read More…)

Every few months, the American Automobile Association gives us an update on the public’s feelings toward autonomous vehicles. Its surveys continue to place the number of individuals made uncomfortable by the idea of riding in a self-driving car at around 3 in 4.

While the ratio did come down slightly in 2017, high-profile fatalities involving autonomous (or Autopilot-enabled) vehicles in Florida, California, and Arizona ultimately took the number of fearful motorists back up to 78 percent by the start of 2018. For 2019, AAA said 71 percent of survey respondents still had serious trepidation, with only 19 percent claiming they’d even consider putting a loved one into a self-driving vehicle. (Read More…)

With Sergio Marchionne gone, most assumed Fiat Chrysler Automobiles would swiftly enact the late CEO’s plan to convince another automaker to partner with the company. Until recently, FCA was viewed as a dinosaur within the industry — limping along since its Fiat acquisition with a lineup of unpopular European imports and oversized American vehicles that couldn’t possibly endure tightening fuel regulations.

However, the reality turned out to be quite different. While Fiat’s volume in the U.S. fell from its 2014 peak of 46,121 units to just 15,521 deliveries in 2018, Dodge and Chrysler managed to endure their losses more gracefully, cutting less-profitable models from the lineup and focusing instead on larger vehicles requiring less pricey R&D. Meanwhile, Jeep rose like a phoenix from the ashes — with its annual volume going from 231,701 deliveries in 2009 to last year’s 973,227 units.  (Read More…)

As the marketplace evolves and the rise of “mobility” threatens to lock laggard automakers out of new revenue streams, old rivals are coming together to get out ahead of the competition. Take BMW and Daimler, for example. The German companies, normally embroiled in high-end sales combat, have cosied up to each other in recent years.

While they’re not sharing platforms and engines, the two do feel there’s benefits in joining forces on mobility. By mobility, we mean carsharing and all that sexy stuff you can’t get enough of. A pact between the two rivals came last March.

On Friday, the two automakers released the details of their mobility partnership, announcing five joint ventures funded by a combined $1.13 billion investment. (Read More…)

Rather than look outside the company for some Silicon Valley-reared go-getter, General Motors sourced its new Maven boss from within. The automaker’s mobility brand was left leaderless following the unexpected January departure of Julia Steyn, who led the brand since its 2016 inception.

Into Steyn’s shoes steps Sigal Cordeiro, a 19-year GM veteran who most recently served as executive director of global product marketing for the automaker’s overseas GEM platform — a vehicle architecture intended to help GM grow its presence in emerging markets. Cordeiro now must guide Maven through its growing pains, ultimately taking it … somewhere. (Read More…)

While your author is normally very wary of manifestos, especially those originating from Europe, an automotive missive from France captured his attention.

It contained all the right ingredients: personal autonomy (ie – freedom), affordability, and most important of all, deregulation. It was a manifesto of freedom, penned by Citroën. I’m yours, comrade — er, camarade! (Read More…)

When I was a lad, there were two family-owned and operated dealerships within walking distance of my home. Upon reaching driving age, one had already closed while the other began adding storefronts in different towns. It now has three locations, ensuring a meaty inheritance and lifelong job security for several members of my graduating class.

It’s the nature of the free market and a familiar story. According to an assessment from the National Automobile Dealers Association, singular showrooms have gone from 7,514 strong to just 4,904 between 2008 and 2018. That’s a 35-percent decline, whereas the number of dealers with 10 or more stores increased 62 percent over the same period.  (Read More…)

Last November, the world learned that both General Motors and Ford planned to enter the field of two-wheeled transportation as part of their new identity as “mobility” companies. Ford chose to purchase electric scooter startup Spin, whereas GM wanted to mass produce two e-bikes intended for direct sale. However, not much was known about the actual product, where they would be made available, or what the company intended to call them.

That changed Thursday, when GM announced its electric bicycles will carry the brand name “Ariv” (styled as ARĪV by the company) and commence sales within Europe in the second quarter of 2019. Customers have a choice between a compact e-bike and an even smaller, foldable one for a little more money.

Considering how much the authors on this website like to rag on rental scooters (which are an unholy menace), we’re glad to see General Motors take this route. Love or hate them, bicycles are better solutions for urban transport than standing scooters, and encouraging people to own them means fewer e-vehicles littering the sidewalk.  (Read More…)

Julia Steyn, head of General Motors’ Maven mobility brand, is reportedly leaving the company. Stayn joined GM in 2012, starting out as the automaker’s vice president of corporate development and global mergers and acquisitions, then switching to the company’s urban mobility unit and Maven three years ago.

Maven, if you’re not aware, is a GM-owned car-sharing service that underwent an expansion last year, allowing owners of newer GM cars to rent out their vehicles to eligible users. The mobility experiment will have to continue with someone else at the helm. (Read More…)

Chariot, Ford’s app-based shuttle service, has announced it will throw in the towel due to the rapidly changing “mobility landscape” of major cities. When the company launched in 2014 with Jim Hackett at the helm, it joined a bundle of “microtransit” firms hoping to undercut brands like Uber while providing a viable alternative to public transportation.

Ford acquired the company in March of 2016 for a reported $65 million, proving that not every mobility firm can be a golden goose. It snagged Hackett and made him Ford CEO roughly a year later, where he continued to oversee Chariot as chairman of the automaker’s Smart Mobility subsidiary. Unfortunately, the service is no longer deemed sustainable.

On the upside of things, this ought to put a few coins in the jar labeled “Restructuring Program” at Ford’s Dearborn headquarters.  (Read More…)

Expanding on last year’s concept, Honda is reintroducing “Dream Drive” for this year’s Consumer Electronics Show (CES). Previously a platform intended to provide passengers with augmented and virtual reality experiences, Double D now focuses primarily on in-car purchases. In fact, the service seems identical to General Motors’ Marketplace.

That’s right, Honda is entering the dark realm of in-car consumerism and twisted corporate partnerships. (Read More…)

Hyundai kicked off the New Year by teasing a concept vehicle it claims can tackle just about any terrain in a manner befitting Inspector Gadget. That’s because it’s time for the 2019 Consumer Electronics Show (CES), which is the premiere event for showcasing half-baked and incomplete technological marvels in a desperate effort to titillate investors and tech fetishists.

For Hyundai, that meant rolling out computer-generated images of Project Elevate and its Ultimate Mobility Vehicle (UMV) after a few days of gentle teasing. Normally, I wouldn’t touch a topic like this if I wasn’t planning on making fun of it — which is what I intend to do here. But before getting too deep into the ridicule, there’s an important takeaway to be made: This lack of vision might herald the final days of mobility-based marketing.  (Read More…)

Volvo has decided not to bring any vehicles to AutoMobility LA, the tech-focused preamble to the Los Angeles Auto Show. The reason? The brand says it’s not an auto show, despite the word auto being in the title. Volvo claims the industry is changing and so are the expectations of the people who use them. While this may be true to some extent, many people still expect carmakers to promote their cars and aren’t likely to swayed by mobility jargon or a rotating centerpiece that solidifies Volvo’s narrative.

Earlier this week, we mentioned Volvo’s launch of a social media campaign that includes a photograph of a phone displaying text reading “this is not a phone.” The gambit effectively built intrigue for the show, but the campaign will continue in LA — resulting in a display featuring “a number of interactive demonstrations of connectivity services, such as in-car delivery, car sharing, [and Volvo’s] vision for autonomous driving.” But no cars. (Read More…)