Cheers to this week’s automotive advancements! Read about GM’s pot of EV gold, and why the luck of incentives saved February sales. Plus, can OEMs see a light at the end of the coronavirus tunnel?
FROM AUTOMOTIVE NEWS: ‘Crazy’ Spiffs, Leap Year Lift Feb. Sales
Last month, unprecedented incentives kept the market afloat and are only expected to rise as consumer demand fluctuates. Analysts predict spending could reach as high as $5,000 per unit by the end of the year.
FROM BLOOMBERG: Coronavirus Could End Auto Shows, Once and for All
Could the cancellation of major events be a stroke of luck for the future of industry communication? Many brands are embracing social-media and live streaming as an opportunity to share new products directly with a greater number of interested parties.
FROM THE NEW YORK TIMES: Carmakers Worry About Sales Collapse Due to Coronavirus
Although manufacturers are coping with blows to production, the virus’ impact on the economy might start hindering consumer demand. Unfortunately only time will tell how the global impact will trickle down to storefronts in the weeks to come.
FROM THE VERGE: GM Unveils a New Electric Vehicle Platform and Battery in Bid to Take on Tesla
GM’s new pot of EV gold is equipped with cutting edge batteries designed to provide more range and faster charging times at a lower cost to shoppers. The automaker plans to roll out 20 different battery-powered nameplates in the next three years.