Connect with us

Automotive

Seeking Out Industry 4.0 For The Automotive Market

Jon Phillip

Published

on

automotive stock

Many companies have been exploring Industry 4.0 in one way or another. The idea can bring value across a number of ideologies.

One is connectivity, being able to receive the right data and send it to the right people in real time. A lot of manufacturing plants operate with partial data, challenges in manufacturing and delays in getting people to make timely decisions. How do we transition from a world where we are relying on humans to make decisions based on old information and opinions to where we can be more fact-based and prescriptive?

A second is advanced analytics. There is so much data that people have access to, it’s very hard for humans to make the best decisions — Industry 4.0 can help improve the quality of decision-making. Organizations can leverage Big Data, artificial intelligence, and machine learning to create predictive analytics. Similarly, these same organizations can take advantage of advanced analytics to more easily understand the main causes of quality issues such as in paint shops.

The third ideology, flexible automation, is where the automotive industry is at its best. OEMs have been relatively pushing the lead of automation for quite some time. They are continuing to look into the next wave of automation, and they are investigating ways to adopt use cases from the other two areas.

Automotive organizations are very satisfied with automation, and they have been looking at collaborative robots along with having long track records of experience in automated guided vehicles. Companies now are implementing predictive analytics use cases. The story’s example of Renault’s Dacia plant in Pitesti, Romania, demonstrates the detection of micro-level deviation and using it as a predictor of reliability.

The Road Ahead

Industry 4.0 has likenesses to lean manufacturing that the industry saw in the 1990s. The application of digital connectivity and teamwork offers a next level performance potential. In lean manufacturing terms, organizations are still looking to eliminate waste, decrease time, increase productivity and jump-start the effectiveness of assets.

Industry 4.0 allows for an opportunity to make major changes to things like time to market and areas of opportunities that span organizational boundaries. If you have a more transparent, analytically driven view of market demand, then not only can OEMs benefit, but suppliers also have greater visibility and can better control inventories. The whole value chain can better respond and better optimize its performance.

This becomes more important as the industry faces a wave of retirements and the loss of tribal knowledge developed over decades. What digital can do is codify the knowledge and provide remote support to technicians in the field. You don’t need to rely just on what’s in someone’s head.

Moving from trials and proofs of concept to full-scale distribution of Industry 4.0 depends on the organization knowing where the business case makes sense. A lot of companies will attempt new technologies to understand them.

Continue Reading
Click to comment

Automotive

Analyzing 2 Big Ride-Hailing Stocks: Uber Or Lyft

Jon Phillip

Published

on

This year has been the year of tech initial public offerings and two of the biggest ones so far this year have belonged to ride-hailing companies, Uber (UBER) and Lyft (LYFT). The IPOs were highly anticipated but both companies had been disappointed in the reception they got from the market. In fact, both went below their listing prices, but eventually, both stocks have proven to be gainers.

[Special] Like Uber Eats? On-Demand Tech Companies Hit Billion-Dollar Valuations; Here’s How Investors Can Capitalize In The Market

In this regard, it would be interesting to see how the two stocks match up and which of Uber or Lyft could be a better investment in the ride-hailing space.

Uber Technologies (UBER)

First and foremost, Uber (UBER) is a far bigger company when compared to Lyft and has a massive presence in some of the most lucrative markets in the world. Uber’s revenues grew by 14% in the first quarter this year and touched $3.1 billion.

UBER stock chart

Meanwhile, gross bookings during the quarter saw as much as $14.6 billion. The gross bookings rose by 34%. On top of that, analysts estimate that Uber users are going to spend a jaw-dropping $60 billion this year.

Lyft Inc. (LYFT)

On the other hand, Lyft (LYFT) presents an interesting dilemma for investors. While it is a far smaller operation, with smaller revenues, the company is growing at a fast rate than Uber. In the first quarter of 2019, the company’s revenues grew by as much as 95%.

However, the company projects the revenue growth for the whole year to be in the 52% to 53% range. Additionally, it does not have the added distraction of Uber Eats to contend with. As a conclusion, it needs to be pointed out that while Uber will continue to grow into a behemoth, Lyft can only hope to make smaller dents into its market share. Therefore, Uber may be a stronger company at this point.

LYFT stock chart

Moreover, if Uber can manage to turn Uber Eats into a profitable food delivery business then the company could grow even further.

Continue Reading

Automotive

Tesla Stock Bounces Back The Recent Slump, What Next?

Joe Samuel

Published

on

tesla delivery news

Electric vehicle major Tesla Inc (TSLA) has not had a particularly great time at the beginning of the year as total deliveries dropped to a disappointing 63,000 and there were fears that the company would struggle for the foreseeable future. However, the company has managed to turn things around in the second quarters and deliveries have picked up again in North America.

Best Ever, Quarterly Delivery?

According to most estimates, Tesla is all set to beat its best-ever quarterly delivery record by hitting 90,700 deliveries in the second quarter. That record had been touched back in Q4 2018. Although it might appear that the company has managed to shake off its disappointing performance in the first quarter, experts believe that Tesla is not completely out of choppy waters yet.

[READ MORE] On-Demand Tech Companies Hit Billion-Dollar Valuations; Here’s How Investors Can Capitalize In The Market

The company’s charismatic Chief Executive Officer Elon Musk had earlier stated that the showing in the 1st quarter was a minor bump and he expected deliveries to improve significantly. Wall Street analysts agree as well and JMP Securities has stated that Tesla registered more Model 3s in April and May than the entirety of the first quarter. However, there are some factors that have had an effect on the delivery figures.

It has emerged that as many as 10,600 vehicles were already on their way to be delivered to customers towards the end of the first quarter but the deliveries were actually made in April. Additionally, Tesla also started delivering its cheaper version of the Model 3 that is priced at $35,000 and that also produced a significant bump in orders.

Model 3

That being said, it is also important to note that Tesla would not be able to deliver the Model 3 for $35,000 for long since the changes in subsidies provided by the government are going to drop.  The tax credit for purchasing a Tesla dropped to $3750 from $7500 at the beginning of 2019 and on 1 July, it will drop by another 50%. In such a situation, it will be interesting to note how the company can keep up the numbers.

Last but not least, the company’s deliveries in China has also declined significantly and the trade tensions are also going to have an effect on Tesla’s business in one of the world’s biggest electric vehicle markets.

Tesla’s stock has bounced back almost 20% in a week from its 52-week low of $176.99.

Like This Article? Check Out How This Technology Could Become A Global Phenomenon

Continue Reading

Automotive

One Name, Two Trucks; Tesla vs. Nikola Motors

Daniel Chase

Published

on

stock_price_nikola

I’ll recount to you a scene from one of my favorite movies of all time if that’s alright. The film, in question, is David Fincher’s “The Social Network,” a biographical drama about the founding of Facebook (FB) and the accompanying legal journey Mark Zuckerberg endures after the idea is born. In the scene, Cameron Winklevoss, Tyler Winklevoss, and Divya Narendra are planning to sue Zuckerberg for allegedly stealing the source code and design of their site, ConnectU, formally known as The Harvard Connection. Zuckerberg had verbally acknowledged helping his new partners with their site but ended up putting all his efforts into Facebook (FB) at the time. The films go on to detail Zuckerberg’s life and eventual major success with his social media platform, but not before showing audiences that he paid the Winklevoss team millions in settlements. 

The film immortalized Mark Zuckerberg as a cultural tech icon, but also depicted the Winklevoss Twins as the guys who didn’t wise up in time. American trucking startup Nikola Motor Company, though not created in retaliation of a colleague who stole their idea, is wise to the country’s desire for environmentally conscious forms of transportation. 

Nikola Motor, named after the famous Serbian-American inventor Nikola Tesla, was founded in Utah to manufacture and distribute electric vehicles for consumers. You can already guess, at least by their name and entire company mission, who their biggest competitor is. If you can’t, we may need to sit down and have a long talk, son. 

Back in 2016, Nikola Motor announced its two initial vehicle offerings; The Nikola Zero, a utility terrain vehicle (UTV) with a max range of 125 miles, not necessarily bringing the electric heat for auto enthusiast and the Nikola One, a semi-truck that’ll get’er done in 1,200 miles or less. Two years have gone by and that other company named after Nikola, Tesla (TSLA) and its CEO Elon Musk, have peaked the curiosity of environmentalists and car owners the world over. In recent news, Tesla (TSLA) has testing and debugging their advanced driver assist system, known as Autopilot. The system, according to tech experts, uses a host of cameras and sensors enabling the car to essentially drive itself. 

Over at the first-name truck company, Nikola Motors, the company announced on Tuesday that a third generation version of their semi-truck, the Nikola Tre, will have a hydrogen-electric fuel cell generating 1000 horsepower, and will begin global production in 2023. 

“This truck is a real stunner and long overdue for Europe. It will be the first European zero-emission commercial truck to be delivered with redundant braking, redundant steering, redundant 800Vdc batteries, and a redundant 120 kW hydrogen fuel cell, all necessary for true level 5 autonomy.” 

Trevor Milton, Founder and Chief Executive Officer, Nikola Motor Company 

Compared to Tesla’s (TSLA) semi which boasts a 500-mile range on an electric battery, Nikola Tre will run solely on hydrogen. According to the company’s official press release, they are currently partnered with Nel Hydrogen, a hydrogen production solutions company based in Norway, to create 700 hydrogen stations across the US and Canada by 2028. This will allow truck drivers operating Nikola Tre vehicles to refuel with ease as they transport goods along the highways and roadways of the country. 

“Nel has been good to work with for our USA station design and rollout. We will work with Nel to secure resources for our European growth strategy. We have a lot of work ahead of us, but with the right partners, we can accomplish it.”

Kim Brady, Chief Financial Officer, Nikola Motor Company 

Continue Reading

Join Our Newsletter

Get stock alerts, news & trending stock alerts straight to your inbox!


We keep all user information pricate & promise to never spam.*

Privacy Policy

Search Stock Price (StockPrice.com)




Trending

Subscribe Now & Begin Receiving Free Stocks News, Articles, Trade Alerts & MORE, all 100% FREE!

We are your #1 source for all things Stock Market & Finance, Subscribe Below!

Privacy Policy: We will NEVER share, sell, barter, etc. any of our subscribers information for any reason ever! By subscribing you agree we can send you via email our free e-newsletter on stock market & finance related, articles, news and trade alerts. Further questions please contact privacy@stockprice.com