MAY 5, 2023

General Motors Tops the Auto Industry in R&D Spending

The Volkswagen Group spends more money on research and development than any other automaker, but General Motors devoted the biggest share of its 2023 revenues to R&D.

Autoline Daily 2023: Top Industry News for May 5

Ferrari Hits 20% Net Profit Margin; BMW Tells Thousands Not to Drive Their Cars; Tesla’s Sales Slide in China

Mercedes-Benz Promises Thrills With Most-Seen Auto TV Ad

A new spot promoting the German automaker’s “Electric Dream Days” sales event collects the most national TV ad impressions, per iSpot.

Europe is Accelerating Hydrogen Mobility Plans, Says Deloitte

From TU-Automotive
Europe may be behind Asia in the race to make hydrogen powered vehicles a credible alternative to BEVs but it’s catching up fast.

Electrification Not Only Clean-Mobility Solution, Tavares Says

In Case You Missed It ...
Consumers have demonstrated a preference for the automobile even though alternative modes of transport, such as public transportation and bicycles, have been around for more than a century, Stellantis CEO Carlos Tavares says.

Automakers Face Cost, Confusion Hurdles With Subscriptions

For Wards Intelligence Subscribers
As automakers introduce more subscription features, how much will vehicle buyers be willing to shoulder every month? And does it differ between those owning or leasing mass-market and luxury models? What will be the biggest impact on the industry and its stakeholders from the increased move by OEMs to jump into subscriptions? And how will it mesh with an aging U.S. car parc? We go in-depth on those topics in this report.