NetworkNewsWire Editorial Coverage: Technology is transforming the automotive industry.
- Data is changing vehicle manufacturing and the way customers buy.
- Connectivity is transforming the relationships between customers and their vehicles.
- New technology such as blockchain provides alternative approaches to existing issues.
- The change affects entire value chain, from manufacturing to maintenance and sales.
Some of the innovation feeds off ideas from other industries, such as the vehicle repair app created by SinglePoint Inc. (OTCQB: SING) (SING Profile). Innovation is also focused on marketing solutions, as with Bitauto Holdings Limited (NYSE: BITA), and sales. PowerBand Solutions Inc. (OTCQB: PWWBF) (TSX.V: PBX) is providing the automotive industry with an effective, innovative alternative to physical auctions as a method to buy and sell vehicles. A leading provider of connected-car and location-based services, Telenav Inc. (NASDAQ: TNAV) just announced that it is integrating Amazon Alexa into its automotive navigation system offering. And Autoliv Inc. (NYSE: ALV) has dedicated itself to the mission of…
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