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Search resuls for: "SBD Automotive"


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☆ How to stop your internet-connected car from sharing and maybe even selling your driving data
  + stars: | 2024-03-23 | by ( Cheryl Winokur Munk | ) www.cnbc.com   time to read: +8 min
"The amount of personal and car information that car companies collect, share and sometimes sell is beyond what is necessary to get someone from Point A to Point B safely. But there are growing privacy concerns as reports proliferate about car companies sharing driver data with insurers, and as car companies get into the insurance business themselves. To be sure, there can be valid reasons to collect driver and car data for safety and functionality purposes, and some essential services, such as emergency and security-related data sharing, may be difficult or impossible to opt out of. Ford, for example, said it provides customers with a choice regarding any sharing of connected vehicle data. The government is looking at car privacy regulationsThere are various regulatory efforts afoot to understand carmakers' data-sharing practices and reign in potential privacy violations.
Persons: Jen Caltrider, There's, That's, James Hodgson, Parv Sharma, Caltrider, Cobun Zweifel, Mo Al, Keegan, Edward J, Markey, Eric Goldman, Hodgson, It's Organizations: Mozilla Foundation, Mozilla, ABI Research, McKinsey, Counterpoint Technology Market Research, Ford, Hyundai, Nissan, BMW, Keegan, International Association of Privacy, SBD Automotive, Protection Agency, Federal Trade Commission, Zweifel, Senate Commerce, Science, Transportation, Santa Clara University School of Law, Apple Locations: U.S, California , Colorado, Connecticut, California
☆ Don't but an EV — lease one instead. Here's why.
  + stars: | 2023-03-31 | by ( Alexa St. John | ) www.businessinsider.com   time to read: +5 min
Why you might lease instead of ownMany buyers might opt to lease EVs as a way to drive electric but not fully commit to an expensive purchase — especially if they think battery technology will get better. While Teslas have always had a higher purchase rate, EV leasing overall took a tumble in 2022, according to Experian. Car buyers obviously wouldn't get the new EV purchase tax credit with a lease, but there is a sort of loophole. Lucid recently encouraged its customers to consider leasing in order to qualify for the commercial EV credit (for cars that are too expensive or don't otherwise qualify for the purchase credit). It's why companies like Tesla and Ford don't allow customers leasing their EVs to buy the vehicle once its lease contract is up.
☆ Car companies stand to make billions charging monthly fees for features like heated seats. Electric vehicles make that even easier for them.
  + stars: | 2023-03-29 | by ( Alexa St. John | ) www.businessinsider.com   time to read: +4 min
Electric cars are less profitable for automakers than gas-powered ones. There's a simple reason why: EVs aren't very profitable for automakers — and certainly nowhere near how profitable gas-powered cars. Subscriptions and additional offerings post-initial transactions are part of why automakers are especially interested in leasing their EVs. So major changes are in store as automakers navigate shifting consumer behaviors, industry headwinds, and especially, increasingly attractive competition. "This looming threat adds pressure on the traditional dealer model and threatens to impact the bottom line," the report says.
☆ Car companies want to make billions by charging monthly fees for features like heated seats — and electric cars makes it easier than ever
  + stars: | 2023-02-25 | by ( Alexa St. John | ) www.businessinsider.com   time to read: +4 min
Electric cars are less profitable for automakers than gas-powered ones. There's a simple reason why: EVs aren't very profitable for automakers — and certainly nowhere near how profitable gas-powered cars. Subscriptions and additional offerings post-initial transactions are part of why automakers are especially interested in leasing their EVs. So major changes are in store as automakers navigate shifting consumer behaviors, industry headwinds, and especially, increasingly attractive competition. "This looming threat adds pressure on the traditional dealer model and threatens to impact the bottom line," the report says.
☆ Thinking about an electric car? Leasing might actually be a good idea
  + stars: | 2023-02-24 | by ( Alexa St. John | ) www.businessinsider.com   time to read: +5 min
Automakers might want to lean on leasing EVs. A car owner might also get the commercial tax credit through leasing. While Teslas have always had a higher purchase rate, EV leasing overall took a tumble in 2022, according to Experian. Car buyers obviously wouldn't get the new EV purchase tax credit with a lease, but there is a sort of loophole. Lucid recently encouraged its customers to consider leasing in order to qualify for the commercial EV credit (for cars that are too expensive or don't otherwise qualify for the purchase credit).
☆ Faster acceleration is just a click — and a credit card payment — away in new electric cars as the likes of Mercedes jump on a trend set by Tesla
  + stars: | 2022-12-06 | by ( Tim Levin | Alexa St. John | ) www.businessinsider.com   time to read: +3 min
Both brands recently introduced software updates that boost a car's performance for a fee. Tesla pioneered using software updates to unlock special features in its cars. Luxury automaker Mercedes will soon offer an "Acceleration Increase" feature for its EQS and EQE electric sedans and their SUV counterparts. Tesla pioneered remote software updates in cars and offers extra performance to owners of its Model 3 sedan and Model Y SUV who cough up a couple thousand dollars. Big-picture software playEfforts to monetize software-enabled features go beyond performance upgrades.
☆ Lucid owners are reporting glitches like bricking and cars driving the wrong way — just as the EV startup gets production under control
  + stars: | 2022-11-10 | by ( Alexa St. John | ) www.businessinsider.com   time to read: +10 min
Lucid hasn't yet publicly addressed the latest issues, which include reports of cars bricking or driving the wrong way. "It's critical that we maintain our competitive advantages by delivering a unique combination of hardware and software," Rawlinson told investors on a February earnings call. Insider spoke with 19 Lucid owners for this story — all of whom reported some software or hardware problems — as well as seven current former and Lucid software engineers. "If the car sits in the sun for the afternoon, DreamDrive won't read speed-limit signs," an owner in Arizona told Insider. But while Lucid has worked to service individual cars, owners told Insider, it hasn't publicly addressed these issues.
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