PSA Group, which retreated from North America in 1992, announced three years ago that it was coming back. The first phase of a 10-year plan started late last year and the French automotive group is getting ready for the next step. PSA didn’t opt for a traditional market-entry strategy, which would involve establishing a dealer Read More..
Toyota Motor this week became the next major car brand to test a subscription service, following in the footsteps of German and American competitors that are already running such programs. The Japanese carmaker said it has formed a new company called Kinto to manage a car subscription service in the greater Tokyo area. Toyota cited Read More..
Lidl said it is getting into the car retailing business, with a fully digital lease program for Fiat 500 models together with startup company Vehiculum. The chain of discount supermarkets said it will offer the Fiat 500 in Germany at a leasing rate of 89 euros a month through its online shop starting February 4. Read More..
Cluno, a Munich-based company, has been marketing cars under a subscription model since 2017. Maximilian Ehrlich, the startup’s head of data science, talked to automotiveIT about digital business models, the use of artificial intelligence and big data, and cooperation with traditional car dealers. Mr Ehrlich, how much potential do AI and big data offer when Read More..
Volkswagen takes investment in Diconium for digital services, starts Open Source Lab, partners with Cinemo for in-car media
The Volkswagen Group has acquired 49pc of the shares in Diconium, a German digital specialist. Diconium is to become a technology partner to develop new digital business models and services offered via the Microsoft-enabled Volkswagen Automotive Cloud, building on the Volkswagen We ecosystem. Based in Stuttgart, with around 800 employees in Germany, Portugal, the USA Read More..
The We generation: Volkswagen has big plans for its digital app ecosystem including retail tie-ups and Function as a Service (FaaS) in near future
Volkswagen has been steadily building up the capabilities of its digital We platform. The company was at the WebSummit 2018 expo in Lisbon, Portugal, to increase the number of partners and developers contributing to its growing portfolio of digital services. Paul Fisher met Christoph Hohmann, head of customer experience and communication at Volkswagen We, to discuss how Read More..
There are major inconsistencies in automotive industry digital strategy – but also major opportunities, reports a global study by BearingPoint, a management and technology consultancy (developed from the former KPMG and Arthur Andersen consultancies). The research, carried out March-April 2018 included the survey of 90 automotive sector executives across Europe, Asia and the US, as well Read More..
Our snapshot graphic shows the number of hashtag mentions that each car brand gets, not the following for individual official Instagram accounts. This gives a better understanding of the reach of the brand among Instagram’s 1 billion users worldwide. On this score BMW can readily claim to be the biggest auto brand on the Read More..
Retail trends could leave dealers squeezed between the demands of data rich car buyers and OEMs rapidly shifting business models
While disruption in the auto industry is already taking place in manufacturing, some OEMs are pushing change downstream where they feel more vulnerable to new entrants. Increasingly this means transitioning from a product-first focus, to a comprehensive product and service offering that will put customer relationships at the heart of the business. Report by Paul Read More..
Volkswagen has outlined its plan to restructure and digitalize its sales model. From spring 2020, it intends to expand its online business, including direct online sales, and to target customers via some different sales locations. Underpinning this will be a system of unique Volkswagen customer IDs, enabling more precise targeting of products and services to Read More..