AIADA Leaders Discuss Concerns and Advancements in EV Transition – Cody Lusk & Anthony Brownlee

First Up 05/07/24

AIADA Leaders Discuss Concerns and Advancements in EV Transition – Cody Lusk & Anthony Brownlee

AIADA has been at the forefront of advocating for the interests and tackling the challenges faced by international nameplate auto dealers in the United States. In this episode of CBT News’ Inside Automotive, we welcome Cody Lusk, the President and CEO of AIADA, and Anthony Brownlee, the Chairman of AIADA, to provide valuable insights into the present circumstances and ongoing initiatives within the automotive industry. During the interview, Lusk expressed concerns about the EV transition and mandates imposed by the Biden administration and the EPA. He emphasized the importance of consumer choice and gradual transition, noting the current popularity of hybrids and plug-in hybrids in the market. Moreover, Lusk discussed geopolitical concerns, particularly regarding tariffs and potential impacts on the industry. He mentioned legislative efforts to increase tariffs on Chinese vehicle imports and the bipartisan concerns about Chinese vehicles’ role in the U.S. market. Nevertheless, Brownlee highlighted the rapid evolution of vehicle technology, acknowledging Toyota’s leadership in electrified vehicles and the industry’s ongoing advancements. He emphasized the excitement and challenges posed by technological innovations. Click here for the full interview.

UVeye, WarrCloud Honored at Automotive News PACE Awards

Two service-related companies were among the winners of the Automotive News PACE Awards handed out April 29. UVeye, an automatic vehicle inspection system developer, and WarrCloud, which automates cloud-based warranty claims, were honored at the ceremony. WarrCloud was named one of the "Innovations to Watch" as part of the Automotive News PACEpilot program. It spotlights innovations that have not reached commercialization. "We want to thank Automotive News and their independent judges for honoring WarrCloud, and congratulate the WarrCloud team on this recognition," said WarrCloud CEO Jim Roche. "WarrCloud is modernizing a $25 billion part of the business that has operated the same way for 80 years. The PACEpilot award recognizes innovations in the automotive ecosystem. WarrCloud is getting vehicle quality data into the hands of the OEMs faster, while saving dealers time and money." The Automotive News PACE Awards, now in its 29th year, go to auto supplier technical innovations in product or process that have been embraced by a customer and made it into commercial production. Click here for the full story.

White House Pledges $100 Million to Help Small Suppliers Shift to EV Parts

The Biden administration said it will spend more than $100 million to help small and medium-sized suppliers retool or expand their factories and improve their energy and cybersecurity infrastructures. According to Automotive News, that spending includes $50 million set aside by the Department of Energy to help suppliers of parts for internal combustion engine vehicles begin making parts for electric vehicles. It provides another $50 million to help companies with up to $300,000 to improve their factories' energy and material efficiency, boosting cybersecurity and reducing greenhouse gas emissions. The White House aide, announced Monday, comes after years of suppliers, particularly smaller companies, being financially squeezed by higher material and labor costs, reduced new-vehicle assembly volumes compared with pre-pandemic levels and a wide range of supply chain issues that have periodically snarled automotive production. MEMA, which represents more than 1,000 companies in the automotive supply chain, praised the White House in a statement, saying the funds will help domestic suppliers remain competitive as they transition to EVs. The group has advocated for more federal support for small suppliers in recent months, including during last year's UAW strike, when the business interruption hurt supplier finances. Click here for the full story.

Toyota to Get an Earnings Lift from Hybrids as EV Hype Cools

Toyota Motor is expected to get a big lift from demand for hybrids when it reports annual earnings on Wednesday, illustrating how the world's top-selling automaker is poised to benefit as hype around battery electric vehicles cools. But the forecast record results, to be helped in part by a boost from the weak yen currency, belie the considerable challenges it faces in critical markets, reports Reuters. In China it is pressured by a ferocious price war and in the U.S., the fallout from consumers grappling with higher borrowing costs. Globally, it has felt the pinch of growing competition from Chinese rivals rapidly expanding production of low-priced vehicles. Meanwhile, a safety test scandal at its Daihatsu compact car unit has hurt sales in Japan and the Toyota group's reputation for quality and safety. In February, the Japanese automaker raised its operating profit forecast for the financial year ended March 31 to $31.87 billion, a result that would mark a record profit and an 80 percent increase on the previous year. Click here for the full story.

Redesigned Forester Remains Subaru’s Capable, Practical Tool

Climbing a steep, snow-covered grade pocked with deep, icy ruts might appear daunting to many CUV drivers, but not those behind the wheel of the 2025 Subaru Forester. Engaging the Snow & Mud setting in the high-riding Forester’s X-Mode traction-control system takes nearly all the drama out of the endeavor as Wards scoots up the incline. Forester owners over the years have come to take this kind of capability for granted, but it often remains a revelation for the rest of the driving community, most of whom own competitors such as the mid-CUV segment sales leader Toyota RAV4 and another half-dozen including the Honda CR-V, Nissan Rogue, Chevrolet Equinox, Hyundai Tucson, Mazda CX-5, and the Forester’s larger sibling Outback. Not to take too much away from the non-Subaru competition, but the Japanese automaker has built its franchise on fulltime all-wheel drive, dubbed Symmetrical AWD for its ability to shift power where it is most needed or most effective. That latter part is key in the all-new 2025 Forester, which now offers the capability to anticipate cornering (via steering angle) and shift power on the fly to corner where it can be of the most benefit in making a turn. Click here for the full review.

 

 

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