Day: June 26, 2021

Apple’s car obsession is all about taking eyes off the road

At first glance, the forays Apple Inc., Google and other technology giants are making into the world of cars don’t appear to be particularly lucrative.

Building automobiles requires factories, equipment and an army of people to design and assemble large hunks of steel, plastic and glass. That all but guarantees slimmer profits. The world’s top 10 carmakers had an operating margin of just 5.2% in 2020, a fraction of the 34% enjoyed by the tech industry’s leaders, data compiled by Bloomberg show.

But for Apple and other behemoths that are diving into self-driving tech or have grand plans for their own cars, that push isn’t just about breaking into a new market — it’s about defending valuable turf.

“Why are tech companies pushing into autonomous driving? Because they can, and because they have to,” said Chris Gerdes, co-director of the Center for Automotive Research at Stanford University. “There

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Car part shortage makes it more difficult to buy off the lot

Charlie Walters, general manager of the Findlay Chrysler Jeep Dodge Ram dealership, said the shortage stems from a series of global challenges.

POST FALLS, Idaho — If you’re looking to purchase and drive a car straight off the dealership lot today, good luck.

A shortage of available parts has slowed manufacturing down by months as reported by our news partner, Coeur d’Alene Press.

During a Post Falls Chamber of Commerce event Wednesday, Charlie Walters, general manager of the Findlay Chrysler Jeep Dodge Ram dealership, said the shortage stems from a series of global challenges that began with COVID-19.

“Back when COVID first hit, all of a sudden, we saw a drop in demand, and no one knew what to expect,” Walters said.

At the time, inventory was high, he said, cars sitting on lots ready for purchase. Once those cars are purchased, they are dealership-owned and financed through what

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