The Role of Technology In Determining What Auto Makers Will Survive
The CEO of Stellantis appeared on CNBC and predicted tha, in 10 years, there will be 5 major auto manufacturers. Of course, he felt Stellantis would be one.
In this video I expand upon his point and drill down into what will feed into this. I have no idea whether this factored into his thinking but it is best to look at this against an overall technology backdrop. Here is where we can see things changing a great deal.
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In today's world I can't predict how survival rate is going to be and when you turn to look the market caps buyer can not really make it there but for now let's what happens
The speed of hardware and software, robotics and AI, improvement is currently too fast. 10 years is already very long considering where these technologies were 1-2 years ago. I can see Tesla being included in the 5 major manufacturers because of the lead it has built up. But for the rest, I think it will be a matter of who can partner and take advantage of these technologies.
Great video
Summary:
The episode revolves around a statement made by the CEO of Stellantis in an interview regarding the future of the automobile industry. The CEO predicts that in the next decade, there will only be five major car companies, a significant decrease from the current number. The discussion delves into how advancements in technology, particularly robotics and EVs, will impact the industry, leading to cost reductions, job loss, and the need for companies to stay competitive through technological innovation. The episode explores the implications of technological advancements on manufacturing processes, supply chains, and the overall future of the automotive industry.
Detailed Article:
The episode centers on the insightful comments of the CEO of Stellantis regarding the future landscape of the automobile industry. The CEO's prediction of a drastic reduction in the number of major car companies from the current 15 to only five within the next decade sets the stage for a thought-provoking discussion on the evolving dynamics of the industry.
A key focus of the episode is the growing prominence of electric vehicles (EVs) and how they are shaping the market. Stellantis' plan to introduce eight new EV models in the United States emphasizes the shifting industry trends towards more sustainable transportation solutions. The emphasis on EVs as the future of the industry suggests a necessary transition towards more environmentally friendly and technologically advanced vehicles.
The conversation extends to the role of technology, particularly robotics, in revolutionizing the automotive sector. Mention of BYD operating humanoid robots in their factories highlights the integration of advanced technology into manufacturing processes. The potential for robotics to drive efficiency, reduce costs, and enhance overall productivity underscores the necessity for companies to embrace technological innovations to stay competitive in the evolving market.
Furthermore, the episode explores the implications of technological advancements on job security and market competitiveness. The looming threat of job displacement due to automation and technological advancements raises critical questions about the future of employment in the industry. The discussion on deflationary spirals and their impact on job losses underscores the need for companies to adapt to technological advancements to remain viable in a rapidly evolving market environment.
The episode also delves into the competitive landscape of the industry, with a spotlight on companies like Tesla, known for their technological prowess and profitability in the EV market. The mention of other industry players like General Motors, Toyota, and Volkswagen provides a comparative analysis of how different companies are positioning themselves in response to technological shifts and changing consumer demands.
In conclusion, the episode serves as a comprehensive analysis of the future trajectory of the automobile industry, emphasizing the pivotal role of technology, EVs, robotics, and cost efficiency in shaping the competitive landscape. The need for industry players to embrace technological innovations, adapt to changing market dynamics, and prioritize sustainability emerges as a recurrent theme throughout the thought-provoking discussion.
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