AutoFlow’s Post

Autoflow, in partnership with Auto Service Leader magazine, presents an insightful interview with Chris Cloutier, founder and CEO of Autoflow. In this brief discussion, Chris shares how failure can serve as a valuable learning experience, helping to build a stronger business for the future. Watch it now! https://zurl.co/HEci #automotiveindustry #autorepairshop

I’m absolutely delighted to announce that Warrantywise has achieved an outstanding 30% growth in Q1 2024 (May - July) compared to the same period last year. 📈 Back in 2008, we created the 'UK's Best Used Car Warranty' by removing the all-too-common weasel words that were used by many in our industry to decline claims; things like Betterment, Compulsory Excess, Cooling Off Periods, and Consequential Damage were all banished! In the last 12 months, we've gone even further by increasing our cover levels across our range of products to ensure we can confidently continue to use the word 'BEST'! This laser focus on our customers' needs, supported by strategic investments in our technology, systems, and data, is the reason behind our success over the last 24 years. I want to say a huge thank you to our entire team—your passion and dedication have been the driving force behind this success. Let’s keep pushing the boundaries and delighting our customers. Onwards and upwards! 👍 #Innovation #Leadership #StrategicGrowth #CustomerFirst #TeamSuccess

Fisker stops production, warns it may need to seek bankruptcy: Filed under: Earnings/Financials,Plants/Manufacturing,Fisker Continue reading Fisker stops production, warns it may need to seek bankruptcy Fisker stops production, warns it may need to seek bankruptcy originally appeared on Autoblog on Mon, 18 Mar 2024 11:10:00 EDT. Please see our terms for use of feeds. Permalink |  Email this |  Comments #car #cars #awesome

As the great hype-man, DJ Khaled would say.... "Another one!" Fisker Group, a well-known name in the EV auto industry, has just filed for Chapter 11 bankruptcy. Interestingly, they aren't alone. In 2024, over 20 suppliers to EV car manufacturers also filed for bankruptcy. Just a few years ago, the EV sector was booming — today, we’re seeing shifts that no one could have predicted. It’s a reminder that what’s "hot" can cool down quickly, and staying prepared for uncertainty is critical for long-term success. #Bankruptcy #EVMarket #BusinessTrends #FinancialHealth #RiskManagement

Too many bolt-on solutions have been a problem in our industry for years. As technology has advanced, the traditional DMS just can’t keep up. It’s time for a whole-new way to work. That’s why CDK created the CDK Dealership Xperience. Learn about the Dealership Xperience, its benefits and how you can use it for your auto dealership in our latest blog ➡️ https://ow.ly/HaB650Rmy7x #automotiveindustry #dealership #carsales

California carmaker, once worth $2.9 billion, warns of looming bankruptcy: … relief from debt holders, the carmaker expects it will need to … in 2020 that valued the carmaker at $2.9 billion; such … company, which was called Fisker Automotive, also burned through more than … relief from debt holders, the carmaker expects it will need to … #car #cars #awesome

🛑 My Experience with Spinny - Transparency Matters! 🛑 Recently, I purchased a vehicle through Spinny, enticed by their thorough inspection and promised reliability. However, my experience has been quite the opposite. 🚗 Just a short time after my purchase, I visited a trusted SKODA service center, only to receive a substantial repair bill totaling ₹36,000. The issues? Major parts like the gear mounting, engine mounting, clutch, coolant flush, and tank cap were all in need of replacement. This was surprising, given that Spinny’s inspection report had assured me everything was in top condition. Spinny, I trusted your process, but now I’m left questioning the reliability of your inspection standards. How can such significant issues go undetected? Sharing this to raise awareness and encourage transparency in car inspections. Customers deserve vehicles that meet the standards they’re promised. Let’s ensure this industry maintains its commitment to integrity! Ticket ID: 598536 #Spinny #CarInspection #CustomerExperience #TransparencyMatters Niraj Singh Azeem Ahmed Khan

It's Tuesday, and today we're diving into Fisker's Bankruptcy, Toyota's Governance, and Apple's Wireless CarPlay: 🔹 Fisker's Chapter 11 Bankruptcy https://lnkd.in/eUurd556 -Fisker has filed for Chapter 11 bankruptcy, citing quality problems with its Ocean crossover and an unsuccessful partnership attempt. This marks Henrik Fisker's second car company to declare bankruptcy. -Fisker faced quality issues and financial losses, including a $463 million net loss in Q4 2023. -The Ocean crossover had distribution problems, incomplete software, and safety investigations by NHTSA. -Failed partnership negotiations with Nissan strained Fisker's finances. -Henrik Fisker stated, "Proceeding with a sale of our assets under Chapter 11 is the most viable path forward." -Production halted at Magna Steyr's plant in Austria, causing a $400 million revenue loss for Magna and 500 job cuts. 🔹 Toyota Motor Corporation Re-elects Akio Toyoda Amid Governance Concerns https://lnkd.in/eYzBKQnG -Toyota Chairman Akio Toyoda and nine other board members were re-elected, despite governance and certification test scandals. -Proxy advisers opposed Toyoda's re-election due to governance issues. -Toyoda's approval rating dropped from 96% in 2022 to 85% last year, but he was re-elected. -NYC's public employee pension funds and Institutional Shareholder Services called for better governance. -Toyota's shares fell 10% due to certification irregularities but are still up 18% for the year. -CEO Koji Sato apologized for the certification problems but did not address the advisers' recommendations. 🔹 Future of Apple's Wireless-Only CarPlay https://lnkd.in/eaNB_Grg -Apple's next-gen CarPlay aims to unify the car's interface wirelessly, but adoption is slow with only Aston Martin and Porsche on board as automakers remain skeptical. -Apple announced a wireless-only CarPlay, integrating more car controls like speedometers and climate control. -A design toolkit allows automakers to customize CarPlay’s interface, using their own systems for certain features through “punch-through UI.” -After two years of development, only Aston Martin and Porsche have committed, with no launch dates specified. -Automakers like Mercedes-Benz prefer to maintain control over their cockpit interfaces and customer interactions. -Connectivity stability remains a concern, especially for critical display functions, as wireless CarPlay connections have historically faced issues. #fisker #electricvehicles #automotiveindustry #automotivenews #apple #carplay #toyota Paul J Daly Kyle Mountsier

💥 Rev up your sales engine! 1803 Capital is here to turbocharge your car dealership's growth. Our financing options are the spark plugs you need for a booming bottom line. Drive into a future of increased profits and unparalleled success with us by your side. #AutoFinance #DealershipGrowth #SalesAccelerator #1803Capital

The #usedcar market is bustling with activity this spring, and car dealers must ensure their pre-owned operational strategies align with current market conditions. Joining us today on #CBTNow is John Ellis, #automotive industry expert, economist, and serial entrepreneur, to discuss the latest shifts in the used car market, including current trends in sales and inventory. https://bit.ly/4a8WKdA