Intel Report: The Weekly Mobility News That Matters

BY AUTOMOTIVE VENTURES | Feb 17 2025 | VIEW ONLINE

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Automotive

A vast car theft underworld led to the robbery of 1,020,729 cars in the U.S. in 2023. This continued an unwelcome reversal: Car theft had been falling steadily since peaking in 1991. Then came the pandemic. Since early 2020, auto thefts have increased by about 30%. About 10% of the cars stolen in the U.S. today are smuggled overseas. Nowhere is international stolen-car traffic more robust than in the trade from the eastern U.S. to ports in West Africa. With long-established routes hauling millions of shipping containers each month, car thieves have become bold in their efforts to slip stolen vehicles into this flow of legitimate commerce. Used-car brokers in West Africa know what models their customers will snap up, so they call U.S.-based thieves to beef up inventory of highly desirable models. | Bloomberg ($)

Ford CEO Jim Farley traveled to Washington on Wednesday to warn members of Congress that the 25% tariffs President Donald Trump has proposed on Canada and Mexico would “blow a hole” in the US auto industry. The impact of the tariffs, which Trump delayed for a month last week, would be “devastating” for American automakers, Farley said on Tuesday. They would also provide a “windfall” to Asian and European rivals that wouldn’t face similar levies on cars they import from their home regions, he said at a Wolfe Research, LLC automotive conference in New York. Farley has been among the US auto industry’s most outspoken leaders about the ramifications of steep new levies that could add $60 billion in costs to the sector, according to consultant AlixPartners. Much of those costs are likely to be passed on to consumers, which could see new-vehicle prices rise by about $3,000, Wolfe analysts have estimated. | Bloomberg ($)Ford CEO Jim Farley said in a conference that Trump’s selective approach to tariffs “doesn’t make sense.” “Why are we having this conversation while Hyundai-Kia is importing 600,000 units in the U.S. with no incremental tariff? And why is Toyota able to import a half a million vehicles in the U.S. with no incremental tariffs?” Farley questioned. “If we’re going to have a tariff policy that lasts for a month, or whatever it’s going to be, years — it better be comprehensive for our industry. We can’t just cherry pick one place or the other, because this is a bonanza for our import competitors.” | TechCrunch ($)President Trump's tariffs on U.S. imports from Canada and Mexico could lead to higher domestic vehicle prices and dent profit margins for automakers, according to industry analysts. The average $25,000 price of a car imported from Mexico or Canada could jump $6,250 if the tariffs take effect, according to an analysis by S&P Global Mobility. The automotive research firm forecasts that importers would likely pass most of any increase in their costs along to consumers. | CBS NewsAutomotive retail software giant CDK Global has sued rival Tekion in U.S. court, accusing it of an illegal cyber hacking campaign to scrape confidential data from dealerships’ computer systems in a bid to drive new business. CDK said in its complaint, in the San Francisco federal court on Monday that Tekion was attempting to gain market share “through unlawful practices that damage competition and harm customers.” The lawsuit accused Pleasanton, California-based Tekion and one of its business partners of running a “sophisticated” scheme to breach CDK data systems that dealers use to run daily sales and service operations. CDK said Tekion was interfering with its business relationships with dealers and violating California's unfair competition law. | Reuters ($)A federal judge has dismissed a lawsuit from the Alliance for Automotive Innovation, affirming the Massachusetts Data Access Law and dealing a blow to automakers' efforts to limit third-party access to vehicle repair data. Judge Denise Casper ruled against the automakers’ lawsuit, effectively upholding the Massachusetts Right to Repair law, which was approved by voters in 2020. The law requires automakers to provide vehicle owners and independent repair shops with access to telematics data, allowing consumers greater freedom in choosing where and how their vehicles are serviced. The judge’s written decision remains under seal but is expected to be made public soon. Industry groups that advocated for the enforcement of the Massachusetts law applauded Casper’s ruling, which they said is a major step toward national transparency and fair competition in vehicle maintenance. | Autobody News

Most drivers wouldn’t realize it, but car insurance prices are particularly sensitive to tariffs. That’s because of the impact those levies can have on car parts and used vehicles. This, in turn, is bad news for the inflation outlook. In the surprisingly high inflation reading for January released on Wednesday, auto-related costs were particularly elevated. Besides threatening tariffs against North America trading partners, President Trump also has announced tariffs on steel and aluminum, and said he is planning levies on imported semiconductors. Last week, he said he would soon implement “reciprocal tariffs” that would seek to equal the tariffs that other countries are imposing on the U.S. If these tariffs were to drive up the cost of imported auto parts, they can in turn affect what it costs to repair a car. And if new cars become more expensive, that can drive up demand and prices for used cars as well, which again can make it costlier to insure and replace a vehicle. | The Wall Street Journal ($)

The average underwater vehicle traded in toward a new model carried a record amount of negative equity during the fourth quarter, nearly $800 more than a year earlier, according to Edmunds. The percentage of new-vehicle trade-ins with negative equity remains lower than in the pre-pandemic fourth quarter of 2019, Edmunds said. But the average amount of negative equity is more than $1,000 higher. Twenty-five percent of trade-ins put toward a new vehicle during the fourth quarter had negative equity, up from 20% being underwater a year earlier, Edmunds said. The average amount of debt on those trades was $6,838, up 13% from $6,054 in the fourth quarter of 2023. Thirty-three percent of trade-ins put toward buying a new vehicle had negative equity in the fourth quarter of 2019, with an average of $5,658 owed. Many vehicles were underwater by five figures in the fourth quarter of 2024. Twenty-five percent of all negative-equity new-vehicle buyers owed at least $10,000 on their old model, and 8.5 percent of all underwater new-vehicle buyers owed at least $15,000, Edmunds said. | Automotive News ($)

Honda and Nissan officially scrapped their planned merger less than two months after announcing it, putting pressure on troubled Nissan to look for other partnerships. The two Japanese automakers had said in December that they planned to combine operations by 2026, but talks quickly broke down. Honda had initially agreed to a merger structure in which the two automakers would sit side-by-side under a single holding company. The companies said Thursday that Honda—whose market value is about five times Nissan’s—later sought to make Nissan a subsidiary. | The Wall Street Journal ($)

Talks between Honda and Nissan began to disintegrate when Honda determined that Nissan wasn’t doing enough—or moving quickly enough—to take vital steps to ensure its future. Back in November, Nissan projected a staggering 70% reduction in operating profit for 2024. While 9,000 jobs were cut and CEO Makoto Uchida pledged to give up half his salary, the manufacturer’s supposed refusal to go further or close a number of plants was evidently viewed by Honda as an unwillingness to compromise. Meanwhile, Nissan feared that further downsizing would tank whatever value it had in the arrangement. It seems that in January, Honda concluded that the best path forward, given Nissan’s predicament and unsatisfactory response, was that of an acquisition rather than a merger. The concept of Nissan becoming a subsidiary of Honda was untenable to the former; it wasn’t a part of the plan a month earlier, and Nissan’s top brass was reportedly deeply offended. Sources told Reuters that Honda’s proposal was considered “an affront to the dignity of Nissan, the older automaker.” | The Drive

KKR is considering investing in Nissan, people familiar with the matter said, after the struggling Japanese automaker’s talks to combine with rival Honda failed. The U.S.-based private equity firm is in the early stages of evaluating an equity or debt investment to improve Nissan’s financial position, the people said, asking not to be identified because the deliberations are private. | Automotive News ($)

iPhone manufacturer Foxconn confirmed it would seek to buy Renault Group’s 15% stake in Nissan if up for grabs. | FortuneWatch the 1,064-HP Chevy Corvette ZR1 Break Road Atlanta’s Lap Record. | The Drive

Vietnamese electric vehicle maker VINFAST delivered about 97,000 cars last year, nearly three times as many as in 2023, but sales were almost exclusively in its domestic market. The company said it planned to at least double global sales this year, buoyed by a large increase in deliveries in the last quarter of 2024, when it sold more than 53,000 cars, more than half its total annual sales. However, the company lost nearly $2 billion in the first three quarters of last year, latest available data show, after posting $2.4 billion in losses in 2023. That is putting pressure on its parent company, Vietnamese conglomerate Vingroup. The carmaker also wants to expand abroad but has so far struggled to attract foreign buyers. VinFast said it had sold more than 87,000 units in Vietnam last year. Barring a revision of its own figures, that would mean only about 10,000 cars were sold abroad, around 10% of total sales. | Reuters ($)Tesla, whose chief executive, Elon Musk, has been advising President Trump on how to cut government spending, is likely to receive a lucrative contract to supply armored versions of its Cybertruck pickup to the U.S. Department of State, according to public documents. The department’s procurement forecast for 2025, which details purchases the agency expects to make, includes $400 million for armored Tesla vehicles. The document does not specify which Tesla model, but the electric Cybertruck, which has a body of high-strength stainless steel, would be the most suitable vehicle. Mr. Musk spent more than $250 million to help elect Mr. Trump, who then appointed him as the leader of a cost-cutting initiative that’s been called the Department of Government Efficiency. The purchase of Cybertrucks, an atypical choice for government armored transport, is likely to raise conflict of interest issues, especially as Mr. Musk trumpets his own efforts to root out what he regards as unnecessary spending. | The New York Times ($)U.S. President Donald Trump’s threat to slap tariffs on imported vehicles puts a $240 billion trade route in the crosshairs, with some of the biggest brands in Germany and South Korea most exposed. About 80% of Volkswagen’s U.S. sales are imported, while the share is 65% for Hyundai-Kia, according to figures from GlobalData, a market researcher. Mercedes-Benz brings in 63% of its U.S. deliveries from overseas. Cars are among the products Trump plans to hit with additional levies. | Bloomberg ($)

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Electric Vehicles (EVs)

Global electric and plug-in hybrid vehicle sales in January rose 18% year on year, as growth in Europe and the United States outpaced China for the first time since last February, research firm Rho Motion said on Wednesday. | Reuters ($)New registrations of battery-electric vehicles surged 25% in December as U.S. buyers shopped year-end deals and raced to claim the $7,500 EV incentive amid concerns President Donald Trump would eliminate the generous tax break, data from S&P Global Mobility showed. EV share of the total light-vehicle market reached 9.9% in December, a significant increase from 8.5% in the same month of 2023, S&P Global Mobility said. New electric vehicle registrations, not including hybrids, rose to 144,070 from 115,217 in the previous year. | Automotive News ($)Electric vehicles (EVs) will retain the same share of U.S. retail sales as last year, the result of tariff and incentive uncertainty, according to J.D. Power. The firm predicts the EV retail share will hold steady from 2024 at 9.1% in 2025 with 1.2 million electric vehicles sold. The findings project real-world impacts from the unpredictability wrought by the new administration of President Donald Trump, which has signaled it will end the $7,500 federal clean vehicle tax credit and impose more tariffs on imports crucial to the automotive industry. The report also cites continued issues with public charging as an obstacle to wider EV adoption. J.D. Power said the third quarter of 2024 saw the largest quarterly decline in customer satisfaction with EV charging since 2021. In the longer term, J.D. Power predicts the EV market will reach 26% of the retail market by 2030, roughly half of former President Joe Biden’s 50% target. However, other projections, including those from Recurrent and the International Energy Agency (IEA), show EVs reaching 50% of U.S. sales by 2030. | Automotive News ($)

Automakers are lobbying against Washington lawmakers ending popular electric-vehicle tax credits that President Donald Trump has railed against, pushing instead for a gradual phase-out over several years if he moves to cut them. General Motors and Ford are among the carmakers and industry lobbying groups making pilgrimages to ask the Trump administration and Republican legislators to preserve some EV incentives in the Inflation Reduction Act passed under Joe Biden, according to people familiar with the effort who weren’t authorized to speak publicly on the matter. Among the options being floated if the Trump administration moves to strike EV incentives is a three-year wind down to allow more time for the companies to adjust their businesses, these people said. | Bloomberg ($)

Despite early hype around battery-electric pickups, consumer reaction and easing mandates point to extended-range electric vehicles (EREVs) as the preferred powertrains. | Wards Auto

European automakers are in talks with Chinese battery-electric-vehicle giant BYD to buy credits to avoid punitive fines for missing zero-emission-vehicle sales targets. The legacy brands are desperate to avoid fines amounting to hundreds of millions of euros this year amid slowing consumer demand for BEVs, meaning they are certain to miss sales targets mandated by the European Union. Now a spokesperson for BYD confirms it has been approached by several European carmakers to buy credits it has built up on its cheap BEV products. | Wards AutoSubzero temperatures and winter conditions on The Canadian Automobile Association (CAA) comparative drive between Ottawa and Mont-Tremblant, Que., saw every electric vehicle participating fall short of its federally estimated range, a majority by 30% or more. | Automotive News ($)

Electric vehicle (EV) charging company Go Eve has announced a partnership that aims to cut EV charging time from “hours to minutes” and make it easier to charge vehicles at workplaces, hotels, depots and garages. Go Eve has developed the DockChain technology, which allows users to charge their EVs at scale – so a single charger can be used in parking spaces to support multiple vehicles. Go Eve has said that using the rapid chargers will cut charging time and be a better use of DockChain chargers. Using this, large amounts of power can be deployed when only one or two vehicles are on a site and it can also help some locations reduce their overall grid capacity requirements. The technology charges one vehicle at a time while prioritizing charging sessions based on a number of customizable criteria set in its software such as first-in, first-served, lowest battery level to prioritize urgent charging, and custom settings for priority users or bays. | Irish IndependentJoe Biden's bipartisan infrastructure law he signed early in his term set aside $5 billion to fill in the gaps of a network of 500,000 charging stations that would stretch seamlessly across the nation by 2030. Private companies were already installing charging stations by then — but mostly in urban areas with lots of EVs. Rural areas in particular were left underserved. The law would solve that problem by installing between 1,000 and 1,500 publicly funded stations in the places private companies wouldn’t want to invest in. Nobody would be stranded on Thanksgiving on the way to Grandma’s because their car ran out of electrons. But more than three years after President Joe Biden signed that law, a mere 58 new charging stations are in operation. President Donald Trump regularly cites that paltry figure as evidence of the incompetence of the federal bureaucracy. His administration, no fan of electric cars, is already trying to claw back the money. So what should have been a triumph of progressive policymaking has instead devolved into humiliation. | The Washington Post ($)

General Motors expects to slash battery pack prices further this year, companies are rushing to add more electric-vehicle chargers in the US and power grids are becoming smarter. Those were just three of the encouraging messages from executives at the BloombergNEF Summit San Francisco last week, which convened leaders from across the energy-transition industry. GM battery executive Kurt Kelty described the rapid progress the company is making on reducing battery costs through adoption of prismatic cells, lithium-ion phosphate technology and improved yield rates at battery factories. “Last year we dropped $60/kWh out of the cost of our battery pack. This year we are going to drop another $30/kWh out of our battery pack cost.” — Kurt Kelty, vice president of battery, propulsion and sustainability, GM. The improvements could reduce production costs of the companies’ trucks by $6,000 this year and improve driving ranges and charging performance, he added. The Silverado pickup truck’s range has already been boosted to 492 miles from an original range of 450 miles. | Bloomberg ($)

🇨🇳 China

Michael Dunne from Dunne Insights shares his strategic paper prepared for automotive executives and political leaders in Europe regarding the EU EV and battery industry. Here’s an opening excerpt: "It is the quarterfinals of the 2026 World Cup. Team Europe is down 3-0 at halftime, stunned by an opponent – China – that is bigger, faster, stronger and more skilled. Inside the locker room, silence. The coaching staff huddles in the corner, shaken by the one-sided play in the first half. To forge a comeback, Team Europe's coach understands that he must make dramatic changes. He must take risks. He must do things differently. Otherwise, it's curtains, the end of the tourney run. And possibly the end of an era for Europe." | Dunne Insights

Michael Dunne notes that Europe is 7-10 years behind China when it comes to EVs and batteries. Europe’s first best option to take a page from China’s own tariff and industrial playbook: Since the 1980s, China mandated 50-50 manufacturing joint ventures for every European automaker entering the PRC. Europe should invoke the same terms for both car and battery manufacturing. “If you want to access to the lucrative European market, invest in manufacturing here and give 50% ownership to a European firm.” The 51-49 Stellantis-Leapmotor JV, formed last May, serves as a working template. Europe should also make technology transfer agreements a requisite part of any Chinese investments. Chinese automakers might not like it. But they will get it. | Dunne Insights

China's BYD on Monday started offering advanced autonomous driving features on most of its models including ones priced as low as $9,555, far undercutting competitors such as Tesla in a move analysts say is set to start a new price war. The electric vehicle giant has equipped all of its BYD-branded models priced above 100,000 yuan ($13,688) with the company's proprietary "God's Eye" advanced driver-assistance system, BYD founder Wang Chuanfu told an event live-streamed from Shenzhen. | Reuters ($)The number of cars shipped abroad from China reached 4.7m last year, triple the amount three years earlier, according to Citi (around a third of these came from multinational brands with factories in the country). The surge is set to continue—in 2030 the bank reckons sales abroad will hit 7.3m. That has led to much consternation among incumbent carmakers, with particular attention paid to the growing number of Chinese EVs on European roads. Yet the bulk of China’s car exports—nearly three-quarters last year—are powered by internal-combustion engines (ICEs). And most are aimed neither at western Europe nor America, but at the rest of the world. Car-carrying vessels are departing China’s ports in ever greater numbers in part because the domestic market, where 23m passenger vehicles were sold last year, is neither as fast-growing nor as profitable as in the past. Chinese consumers once opted mostly for foreign brands, but these days domestic carmakers account for around three-fifths of sales in the country. | The Economist ($)In the early 1970s, Japanese automakers had the right product at the right time, churning out well-made economy cars perfect for a global market buffeted by oil shocks. Today, the same could be said of China. One of the reasons Chinese automakers like BYD have seen rapid growth is that they make electric vehicles at multiple price points, enticing a wide range of consumers. Their Japanese competitors meanwhile have been either too early to the EV market or too late. In just the past five years, Japanese carmakers have seen sales plummet in critical countries like Indonesia, Thailand and Singapore. At the same time, Chinese automakers have rapidly expanded their market share. | Bloomberg ($)The Detroit 3 and other legacy automakers are being outsmarted and outhustled by a creative and hungry Chinese auto industry that works with the nation’s communist government to bolster competitiveness. The Chinese government, through an organization called the China Automotive Technology & Research Center, works with its homegrown automakers on industrywide standards for common components, a practice that reduces complexity, lowers costs and boosts speed and efficiency by enabling greater parts-sharing among competing brands. | Automotive News ($)

🤖 Autonomy & Robotics

In recent months, Uber has doubled down on what it calls its “platform strategy,” teaming up with robot taxi companies like Waymo. In Phoenix, riders can order a Waymo car through the Uber app, and in Austin, Texas, Waymo’s robot taxis will soon don the Uber logo. The ride-hailing giant now has 15 autonomous vehicle partnerships, from Waymo to international companies like WeRide and autonomous food delivery services like Avride. But those partners are also competitors. In December, when Waymo said it was expanding into Miami without an Uber partnership, Uber’s stock tumbled 9%. And Waymo’s expansion is far from over: Last month, the company announced that it would test its vehicles in 10 new cities this year. For Uber, the question is whether it will ride on or get run over by the driverless taxi expansion. “No one is exactly sure who’s going to be the winning technology,” said Tom White, a senior research analyst with the financial firm D.A. Davidson. “So everyone is keeping their potential enemies close.” | The New York Times ($)

Uber CEO Dara Khosrowshahi detailed the company’s autonomous vehicle (AV) strategy. Uber is already looking into acquiring depots and electric vehicle charging facilities for fleets of EV robotaxis, the CEO said. In Phoenix, where Uber riders have had the opportunity to select autonomous vehicles for over a year, the driverless vehicles seem to be well received: Customers opt for AVs more after their first ride, he said. But he warned that making robotaxis a profitable business won’t come any time soon. He pegged the cost of a fully autonomous vehicle such as the Waymo robotaxi at over $200,000, a much greater expense than human drivers who use their own vehicles. “The cost of AVs don’t even come close to the cost of [human] drivers,” Khosrowshahi said. He laid out some conditions that will be necessary to make a viable business case for robotaxis: AVs will have to demonstrate they are much safer than human drivers, become cost-effective and come under uniform national regulations. | Smart Cities Dive

Ride-hail giant Lyft plans to bring fully autonomous robotaxis, powered by Mobileye, to its app “as soon as 2026” in Dallas, with more markets to follow. The news comes a day before Lyft reports its fourth-quarter financial results, coinciding with Waymo’s preparations to launch a commercial robotaxi service with Uber in Austin and, later, Atlanta. Tesla has also shared plans to start an autonomous ride-hail operation in Austin in June. Marubeni Corporation, a Japanese conglomerate with experience managing fleets, will own and finance the Mobileye-equipped vehicles that will show up on Lyft’s ride-hailing app. While Lyft has not yet disclosed which carmaker it is partnering with for the launch, Mobileye’s advanced driver assistance technology is already integrated into vehicles from AUDI, Volkswagen, Nissan, Ford, GM, and more. Lyft also didn’t share how many vehicles it would launch in Dallas to start, but Jeremy Bird, Lyft’s executive vice president of driver experience, told TechCrunch that the plan is to scale to thousands of vehicles across multiple cities after the Texas debut. | TechCrunch ($)Elon Musk told investors in late January that Tesla would roll out “autonomous ride-hailing for money” by June in Austin, Texas — a state where the company faces almost no regulation, raising questions about how much safety and legal risk Tesla is willing to take on as it deploys unproven driverless technology on public streets. Tesla has long blamed its customers for accidents involving the driver-assistance systems it calls Autopilot and Full Self-Driving (FSD), noting that it warns Tesla owners to stay ready to take over driving. Now Musk is vowing to deploy truly driverless taxis, a move legal experts say would place crash liability squarely on Tesla. Musk has promised fully self-driving Teslas for about a decade and failed to deliver. The promises have grown more frequent, with more immediate timelines, in recent months as Musk has shifted Tesla’s focus toward autonomous vehicles and away from mass-market EV sales. | Reuters ($)

Poppy, the largest car-share provider in Benelux - has enlisted the support of Vay to have vehicles delivered directly to consumers rather than the customer having to pick up a car from a rental center. Users can then choose to take the wheel themselves or be driven by a remote driver operating from a teledrive station at Ush’s headquarters. Vay is currently operating a commercial service in Las Vegas, Nevada. Vay announced at CES in January that it is expanding its door-to-door remote-driving service to 100 vehicles in Las Vegas in 2025, having recently gone past the 6,000 trips milestone.

| Tech.eu

🚘 Subscription & Sharing

Turo, an online platform for peer-to-peer car sharing, withdrew its plans for an initial public offering on Thursday. It originally filed in January 2022 with an estimated deal size of $300 million. Turo states that it is the world’s largest car-sharing marketplace, where guests can book any car they want, wherever they want it, from a community of hosts. Through its platform, hosts can list vehicles, adjust their availability, and dynamically modify prices to access demand patterns in their market, and guests can search by location, type, price, use case, and other categories to find vehicles for their needs. As of June 30, 2024, Turo had approximately 165,000 active hosts and 3.5 million active guests participating in its marketplace. The San Francisco, CA-based company was founded in 2009 and had planned to list on the NYSE under the symbol TURO. | Renaissance Capital ($)

✈️ Aviation & Space

The 309th Aerospace Maintenance And Regeneration Group, or AMARG, at the Davis-Monthan air-force base in Tucson, is where the Department of Defence and some civilian agencies such as NASA and the Department of Agriculture store surplus aircraft. It is better known simply as “the Boneyard”. AMARG is a perpetual source of fascination on internet forums frequented by aviation nerds, who pore over satellite imagery of the 3,200-odd aircraft of 75 different types scattered over 2,600 acres of desert. AMARG describes itself as “America’s National Airpower Reservoir”. The reservoir is topped up and drawn down as needed. In 2021, as America hastily withdrew from Afghanistan, many Russian-built Mi-17 helicopters purchased for the Afghan armed forces happened to be at maintenance sites abroad. With no question of sending them to the Taliban, they were transferred to AMARG and put into storage. After Russia invaded Ukraine the following year, President Joe Biden included the helicopters in an $800m military-aid package to Ukraine. They still bear their desert camouflage, albeit with blue-and-yellow stripes painted on the sides. In the imagination of the public, the Boneyard is where ex-service planes go to decay. In practice, AMARG is a temporary storage site, a source for spare parts and a “regeneration” facility, where stored planes are made fit to fly again. | The Economist ($)Delta Air Lines announced at CES that it would take part in a test run later this year of Airbus’s “fello’fly” technique, which is inspired by migrating geese, to improve fuel efficiency and reduce emissions. The solution is still years away from being used on commercial flights, but there’s optimism about the long-term potential of fello’fly to help the aviation industry achieve its decarbonization goals. The idea behind fello’fly is to pair two aircraft together on long-haul flights, in a formation inspired by the V-shaped flight pattern geese use when they’re migrating. The technique has been shown to reduce fuel consumption and emissions by at least 5%. | Tech Brew

🚘 Car of the Week

Our Automotive Ventures "Car of the Week": a 1969 De Tomaso Mangusta by Ghia. | RM Sotheby's

Have a great week,Steve Greenfield

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In The News

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At last year's NAVIcon Conference, Steve caught up with Mark Norman from FM Capital, Quin Garcia from Autotech Ventures and Terence Rasmussen from CarMax to discuss the state of Venture Capital for automotive technology startups. | Auto Remarketing

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Automotive Ventures is very excited to announce our latest investment in Upwell. | FreightWaves

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On this week's "Future of Automotive" segment on CBT News, we announce our latest investment: Upwell. | CBT News ($)

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