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We’re back in our respective Nashville and Syracuse saddles today as we give a flyover of the on-the-ground reaction of the Retail Auto Industry to the Carvana layoffs as well as Toyota’s decline in profitability due to raw material costs. Speaking of ‘flying over’, we talk about one company working to bring flying cars to the masses.
- How the retail auto industry approached the Carvana layoffs: LinkedIn
- People willing to hire
- People willing to consult
- People caring about people
- Take Away: Matter how big or small the organization is, losing sight of the people that make it up is simply not an option. Take time for your people today.
- Toyota seeing decline in profitability due to raw materials costs
- “The Japanese automaker said it expects materials costs to more than double from 1.45 trillion yen, or about $11.1 billion, in its fiscal year that started in April.”
- Toyota on Tuesday said it would suspend operations on 14 lines at eight domestic factories for up to six days in May due to lockdowns occurring in China.
- Take Away: We continue to stress: control what you can. Whether supply chain, or Covid, or inflation, be ready to adjust and pivot but make sure you have your finger on the pulse of what you know best about your business.
- AeroMobil working to bring flying cars to the masses
- “The ultimate vision is to offer millions of customers in the U.S. the ability to use a flying car,” says Patrick Hessel, AeroMobil CEO.
- Hessel, who was named Ernst & Young Entrepreneur of the Year in 2015, says the main challenge of engineering a flying car is the weight due to the automotive technology inside the vehicle.
- Take Away: It may not be the next EV, but you can be sure people that you encounter will have questions. Let’s make sure our industry can answer questions for ALL transportation needs.
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Join Paul J Daly and Kyle Mountsier every morning for the Automotive State of the Union podcast as they connect the dots across car dealerships, retail trends, emerging tech like AI, and cultural shifts—bringing clarity, speed, and people-first insight to automotive leaders navigating a rapidly changing industry.
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