- Rising Material Costs Drag Down Chinese Automakers - Honda Adds Google Gemini To U.S. Lineup - BMW Launches ChatGPT Vehicle Configurator - Ford Reimagines 1964 Aurora Concept Using AI - Volkswagen Launches Affordable ID. Polo Electric - Stellantis Revives 50-50 Supplier Cost Saving Reward - Ford WEC Hypercar Engine Fires Up Successfully - Honda Backs Out of EV Segment Temporarily - Lexus Uses 3D Printed Faux Bamboo Trim - Range Rover Sport Electric Coming Soon

AD #4336 - Ford Reimagines 1964 Concept Using AI; Rising Costs Drag Down Chinese Automakers; Range Rover Sport Electric Coming Soon

Autoline Daily

This is Autoline Daily, the show dedicated to enthusiasts of the global automotive industry. Even though China controls the market for many raw materials, its automakers are still vulnerable to rising commodity prices. Six major Chinese automakers have issued earnings forecasts for the first half of the year, and four of them expect losses, mainly due to rising prices of raw materials and components.

While the other two expect to remain profitable, they've seen their net profits tumble by 60% or more. And like other global automakers, Chinese companies are also dealing with the chip shortage caused by growing demand from data centers, which is leading to higher chip prices. In addition to the rising costs, car sales in China slumped 20% in the first half of the year, and that's putting even more pressure on automakers' cash flow and margins.

Did you know that yesterday was National AI Day? We didn't, but Generative AI sure is showing up in all parts of the auto industry. Yesterday, Honda announced it's adding Google Gemini to most of its lineup in the U.S. for more conversational voice assistance in their cars. Today, BMW announced it's using ChatGPT for customers to configure cars using their smartphones, tablets or laptops.

And Ford is using Gen AI to bring a 1964 concept car back to life. The Aurora was a futuristic station wagon that Ford showed off at the 1964 World's Fair in New York. Yep, the same World's Fair where the Mustang made its debut. So Ford used Gen AI to bring the car back to life and show off how forward thinking its designers were 62 years ago.

AD #4336 - Ford Reimagines 1964 Concept Using AI; Rising Costs Drag Down Chinese Automakers; Range Rover Sport Electric Coming Soon

Read the full transcript

The candid version is on a podcast,
not the earnings call.

AD #4336 - Ford Reimagines 1964 Concept Using AI; Rising Costs Drag Down Chinese Automakers; Range Rover Sport Electric Coming Soon

Read the full transcript

The candid version is on a podcast, not the earnings call.

The candid version is on a podcast,
not the earnings call.