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Amazon says it will soon sell cars on its website
Amazon says it will soon sell cars on its website
Amazon has announced plans to start selling cars on its website, marking a major new product category for the online retail giant that made its start selling books. The e-commerce firm said on Thursday that it will launch vehicle sales in the US in the second half of 2024, allowing local car dealers to sell directly to customers on its site. In a joint announcement with South Korean car manufacturer Hyundai, the two companies said Amazon will begin by offering Hyundai vehicles. In turn, Hyundai will name Amazon’s cloud computing unit AWS as its preferred cloud provider and integrate its next-generation vehicles with Alexa, Amazon’s popular voice assistant. The idea, according to Amazon, is to have customers purchase a new car online and pick it up – or have it delivered – from their local dealer. Amazon did not say how many dealers would be participating in the program or if customers across the US would be able to make purchases. An Amazon spokesperson said the company would release more details as it builds the program, which is expected to begin with Hyundai franchised dealers and launch during the later part of next year. Currently, Amazon sells vehicle equipment online and offers a showroom for consumers who want to research different types of cars they may want to buy. But consumers can not directly purchase a vehicle on its platform. The announcement shows Amazon’s ambitions to grow its footprint through dealers in an industry that has strong lobbying forces and heavy state regulations. Nearly all states require manufacturers to sell their vehicles through dealerships to ensure the automakers don’t undercut their own network of franchised dealers. Despite its vision, Amazon might face challenges convincing consumers who might not feel comfortable making such a large purchase on its platform. In a statement, an Amazon spokesperson said customers are increasingly purchasing vehicles online and the company will provide a “range of solutions that add transparency” to the car buying process to help them make an informed decision. The latest move comes as Amazon faces another class action lawsuit over refunds on returned products, with plaintiffs accusing the retailer of failing to issue refunds for returned products. The lawsuit was filed in federal court in Amazon’s hometown of Seattle this week. Additional reporting from agencies. Read More ‘We are broken’: Armenia looks to technology to rebuild Ring to preview security features with abuse charity to boost safety SpaceX is launching the world’s biggest rocket – follow live Battery breakthrough brings ‘unprecedented performance’ to next-gen cells
2023-11-17 18:46
Tesla Business Grinds to a Halt Where Unions Still Hold Sway
Tesla Business Grinds to a Halt Where Unions Still Hold Sway
For the past week, not a single Tesla has passed through Sweden’s four biggest ports. Starting Friday, broken
2023-11-17 18:23
Panasonic plans to sell stake in autos business to Apollo Global-managed funds
Panasonic plans to sell stake in autos business to Apollo Global-managed funds
TOKYO Japan's Panasonic Holdings said on Friday it plans to sell a stake in its automotive systems business
2023-11-17 17:55
Reaction to Alibaba's scrapping of cloud unit spin-off
Reaction to Alibaba's scrapping of cloud unit spin-off
HONG KONG Hong Kong-listed shares of China's Alibaba Group plunged 10% on Friday, wiping about $20 billion off
2023-11-17 17:49
China's Li Auto to mass produce first fully electric EV in Feb
China's Li Auto to mass produce first fully electric EV in Feb
SHANGHAI (Reuters) -Li Auto said on Friday it will start mass production and delivery of its first fully electric car
2023-11-17 17:47
Gang says ICBC paid ransom over hack that disrupted US Treasury market
Gang says ICBC paid ransom over hack that disrupted US Treasury market
By James Pearson LONDON (Reuters) -China's biggest lender, the Industrial and Commercial Bank of China, paid a ransom after it
2023-11-17 15:23
Sasol Picks Baloyi as CEO to Lead Firm Through Emission Plan
Sasol Picks Baloyi as CEO to Lead Firm Through Emission Plan
Sasol Ltd. picked energy operations and technology executive Simon Baloyi as the next chief executive officer of the
2023-11-17 15:19
Australian telco Optus tells lawmakers it had no plan to address total outage
Australian telco Optus tells lawmakers it had no plan to address total outage
By Byron Kaye SYDNEY Australia's second-largest telco, Optus, had no crisis plan when a network-wide outage left nearly
2023-11-17 10:24
Meta launches AI-based video editing tools
Meta launches AI-based video editing tools
Meta Platforms on Thursday launched two new AI-based features for video editing that could be used for posting
2023-11-17 07:48
PG&E Wins Approval to Raise Rates by 11% in California
PG&E Wins Approval to Raise Rates by 11% in California
PG&E Corp. won permission to hike rates by 11% this year with more increases through 2026 as it
2023-11-17 06:57
California Cuts Rooftop Solar Credits for Apartments and Schools
California Cuts Rooftop Solar Credits for Apartments and Schools
California regulators voted to cut incentives for schools, apartment buildings and farmers to install rooftop solar panels, delivering
2023-11-17 06:30
US wraps up antitrust case against Google in historic trial
US wraps up antitrust case against Google in historic trial
WASHINGTON (Reuters) -The U.S. government hammered away at its main arguments against Alphabet's Google on Thursday, wrapping up the evidentiary
2023-11-17 06:28
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