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AI Forecast: Sunny with a Side of Sales

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  • AI Forecast: Sunny With A Side Of Sales

AI Forecast: Sunny with a Side of Sales

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From data leaks to electrified versions of classic models, we’ve rounded up this week’s most buzz-worthy industry news. We also took a look at VDP view distribution per VIN for both New and Used/CPO vehicles from June 2018 – and we think you’ll be surprised by the results. Let us know what you think in the comments below!

FROM AUTOMOTIVE NEWS: Mitsubishi Operating Profit Soars 36% On Sales Surge, Cost Cuts

Forecasts show the automaker’s worldwide profit to increase by at least 12% – and North American retail sales to expand as much as 19%. Sales of crossovers, SUVs, and the company’s new alliance partnership with Nissan are a few factors that supported this boost.

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FROM AXIOS: Leaky Data Exposes Big Auto’s Secrets

This week is buzzing with a big story about assembly line schematics, factory floor layouts, and robotic configuration data being leaked. The good news? Reports show that no sensitive or proprietary data was exposed – and the area of exposure was sealed quickly upon discovery.

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Source: http://www.vw.com/

FROM ENGADGET:  VW Will Build Its Electric Microbus and Crossover in the U.S.

Following their $40 billion investment in artificial intelligence in 2017, the German automaker’s effort to localize electric mobility in North America focuses on releasing an all-new, battery-powered microbus and crossover SUV by 2022.

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FROM THE MOTLEY FOOL:  Will BMW’s Move Open Doors for More Profits at GM and Ford?

China has recently decided to allow foreign automakers to own 50%+ of their joint ventures, allowing OEMs to take home more of their profits. BMW is the first in line to negotiate for more ownership – setting a precedent for other major automakers to follow suit.

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