OF NASA WALKING OUTSIDE THE
INTERNATIONAL SPACE STATION
BACK TO NEW YORK.
>> ALL RIGHT, THANK YOU SO MUCH
OUR OWN HIGHS
ARE THERE.
>> AND STICKING THIS
TRANSPORTATION ELASTIC IT HAS
SEEN AN UNPRECEDENTED
NUMBER OF SAFETY RECALLS AND
GOVERNMENT INVESTIGATIONS INTO
THE GLOBAL AUTO INDUSTRY
BECAUSE I DID DISCUSS THE STATE
ABOUT IT
INDUSTRY HEADING INTO 2020 IS
LAUREN FIX AUTOMOTIVE ANALYST
AT THE CAR COACH LAUREN GREAT
TO
SEE YOU CONSIDERING THE OVER
320 A MILLION VEHICLE RECALL
CALLS IN THE LAST 10 YEARS WHAT
SAFETY CHANGES CAN WE EXPECT
HEADING INTO 2020.
>> YOU'RE GOING TO SEE A LOT
MORE STANDARD SAFETY FEATURES
LIKE WE'RE NOTICING BACKUP
CAMERAS HAVE BECOME STANDARD
DURING THIS
WLEX DECADE. AROUND YOU
CAMERAS, FORD COLLISION WARNING
EMERGENCY BRAKING WHICH IS TOPS
ACCIDENT IN A BLIND SPOT
DETECTION ALL THAT'S REALLY
GOOD AND IT SORT OF A STEP
TOWARD AUTONOMY WHICH WE ARE
FAR FROM ACTUALLY HAVING THAT
WORKING ON THE ROADWAYS
FOREVER.
I THINK YOU'RE STARTING A LOT
MORE BACK TOGETHER.
>> IT'S
LIKE WE'RE HAVING SOME AUDIO
ISSUES HERE BUT YET THESE
RECALLS ARE OBVIOUSLY VERY
DETRIMENTAL TO BUSINESSES
BECAUSE AT THE TIME IT TO
RECALL PARTS OF TO RECALL
THESE CARS, BUT ALSO
LONGSTANDING DAMAGE FROM A PR
PERSPECTIVE IF YOU HEAR THAT A
TOYOTA VEHICLE HAS A BRAKE
ISSUE MIGHT PREVENT YOU FROM
WANTING TO
BUY TOYS. THE ANSWER A LOT OF
SCRUTINY WE TALK SO MUCH ABOUT
ELECTRIC VEHICLES
AUTONOMOUS VEHICLES RIDE
SHARING THAT SORT OF THING WE
HAVE TO REMEMBER THESE ARE
ISSUES THAT PLAGUE. THE AUTO
INDUSTRY YOU'RE IN YOU'RE IN
AND
YOU'RE OUT.
>> ALL RIGHT IT LOOKS LIKE
WE'VE GOT LAUREN FIX UP BACK
HERE WITH US LAUREN EXECUTIVES
FROM TOYOTA VOLKSWAGEN ODDS,
GM, SO MANY OTHERS
THEY WORK HOLD EARLIER IN THE
YEAR TO WASHINGTON TO ANSWER
QUESTIONS FOR ALLEGED
CORRUPTION ISSUES MISDEEDS ALL
THOSE OTHER SORTS OF THINGS DO
YOU THINK THE LAST DECADE IT
SET ITSELF UP PAR FOR THE
AMOUNT OF CORRUPTION THAT WAS
OUT IN THE SPOTLIGHT. THIS
LAST DECADE.
>> WELL THERE WAS A LOT OF
CORRUPTION THOSE LAST DECADE.
I MEAN THINK ABOUT VOLKSWAGEN
AND DIESEL GATE AND OF COURSE
NOW
YOU'VE GOT GENERAL MOTORS
SAYING THAT CHRYSLER WAS
WORKING AGAINST THEM WITH THE U
A W IS A PRETTY SERIOUS
THREATS. PLUS THERE'S OTHER
THINGS GOING ON BEHIND THE
SCENES
WE HAD CARLOS GOAN WAS ACCUSED
OF DOING SOME ILLEGAL ACTIVITY
THROUGH NICE. I'M AGO I
THINK IT WAS A SUPER COUP
TRYING TO GET RID OF TIMING AND
AS OF THIS MORNING, YOU LUCKILY
HAS ESCAPED AND MADE HIS WAY TO
LEBANON WHERE HE WILL NOT BE
EXTRADITED BACK
TO JAPAN. SO YOU'RE SEEING A
LOT OF SCANDAL GOING ON THIS IS
VERY UNUSUAL FOR THE AUTO
INDUSTRY ALIVE, IT'S USUALLY
SMALL THINGS BUT THE LAST
DECADE, IT'S BEEN PRETTY BIG TO
HAVE A
SENSE OF.
>> THE LONGSTANDING
IMPLICATIONS OR AFFECTS AT
THESE KINDS OF SCANDALS HAVE ON
CONSUMER PERCEPTION OF THESE
OUT OF SCIENCE. I THINK IT
HAS IMPACT.
>> CONSUMERS MAY LOOK AT NISSAN
THEY'RE DOWN 90% OF PROFITS YOU
SAW HERE HUGE ARE HURT FOR THEM
WHEN IT
COMES TO SOME OF THE IN THEIR
PRODUCTS THAT ARE
OUT THERE. AND THIS IS NOT
GOOD. I MEAN CONSUMER SEE IT
WHAT THEY'RE NOT STOOP AND THEY
WANT GOOD PRODUCT THEY WANT
SAFE PRODUCT. BUT THEY ALSO
WANT A GOOD VALUE, BUT THERE'S
A LOT OF COMPANY THAT'S GOING
TO SUPPORT THEM AND IT DID HURT
VOLKSWAGEN TO WELL OVER BILLION
FOR DIESEL K I STILL OWN TO
DIESEL VEHICLES BECAUSE THEY
COULD BE STARTED TO KEEP A
WHY NOT A LOT OF PEOPLE DEAD
AND SO YOU START SEEING
THAT IMPEDE WELL NO LONGER HAVE
THAT CONFIDENCE IN THOSE BRANDS
WHICH ALLOWS COMPANIES LIKE
TESLA TO SAY GIVE US A SHOT OR
OTHER COMPANIES THAT HAVE COME
ON A SUCH AS BALLINGER
RIVIAN ELECTRIC CARS AND OTHER
CAR MANUFACTURERS SUCH AS AUDI
WHICH IS REALLY HAD GOOD SALES
THIS YEAR COMING OUT ELECTRIC
VEHICLES AND NOT ELECT BECAUSE
JUST SANK. WE'VE GOT OTHER
VEHICLES OUT HERE
YOU'RE DON'T LOOK AT THOSE BAD
GUYS SO THEY'RE KIND OF USING
IT TO
THEIR ADVANTAGE.
>> ALONG THE OTHER HEADLINE
DEFINITELY OVER THE COURSE OF
THE LAST DECADE, A LOT
OF PLANT CLOSURES A LOT OF JOB
LOSSES AS A LOT OF THESE
COMPANIES IN AN EFFORT TO SAVE
BILLIONS OF DOLLARS ARE
EVOLVING TO MORE ELECTRIC
VEHICLES THAT ARE DONE BY
ROBOTS
AS WELL.
>> WHAT DOES THIS SIGNAL FOR
THE FUTURE OF THIS INDUSTRY,
ESPECIALLY WHEN IT COMES FOR
THE WORKERS.
>> A LOT OF THE INDUSTRY STILL
REQUIRES THE HUMAN TOUCH OF
MINK YES ROBOTS CAN WELL THEN
THEY CAN DO UP
PERFECT JOB MUCH BETTER THAN
ANY HUMAN, BUT WHEN YOU START
LOOKING AND WHAT ROBOTS CAN DO
WHEN THEY
CAN'T DO STILL WE NEED TO HAVE
THAT HUMAN INTERACTION, IT'S
GOOD FOR CHECKING, BUT YOU
STILL NEED HUMAN TO DOUBLE
CHECK BECAUSE JUST LIKE OUR
PHONES AS WE'VE
JUST SEEN JUST LIKE TECHNOLOGY.
IT'S NOT A 100% IT CAN'T BE
RELIED ON A 100 PER
SET SO WE STILL NEED THAT HUMAN
INTERACTION, BUT THERE WILL BE
A LOT OF PEOPLE THAT WILL HAVE
TO RETRAIN THERE'S A HUGE
SHORTAGE
THIS DECADE IN PLUMBERS AND
ELECTRICIANS AND OTHER TRADES
AND DON'T PUT YOUR NOSE UP AT
THAT IF YOU GET A DEGREE
BECAUSE THOSE PEOPLE ARE MAKING
6 FIGURES A YEAR BECAUSE YOU'RE
SUCH A SHORTAGE AND DIESEL
TAXES
WHAT OUT SO THAT YOU'RE GOING
TO SEE A LOT OF HEAT UP TOWARD
THE TRADES WHILE PEOPLE THAT
WERE WORKING IN FACTORIES MAY
HAVE TO LOOK AT
OTHER OPPORTUNITIES.
>> YOU MENTION RIVIAN THE
ELECTRIC VEHICLE COMPANY
LOOKING AT IN THE NEXT DECADE.
DO YOU THINK IT'S GOING TO
BE THOSE PLAYERS THAT ARE
FOCUSED ON IN ON ELECTRIC
VEHICLES LIKE RIVIAN LIKE TESSA
THAT ARE GOING TO WIN THE AUTO
SPACE IS PEOPLE ARE MORE
INCLINED TO BUY ELECTRIC
VEHICLES OR IS IT GOING TO BE
THE
BIG TRADITION AUTOMAKERS WHO
HAVE THE CAPITAL AND THE
RESOURCES TO TRY TO PUSH
THEMSELVES THROUGH IN ANY V'S.
>> WELL IT'S DEFINITELY GOING
TO BE THOSE WITH THE BIG MONEY
AND THEN LOOK AT AUDI AND EAT
RIGHT JAGGER NYPD'S THEY HAVE
AND DOES SO WELL, BUT THIS IS
THEIR FIRST FORAY
AT IT. FORD CAME OUT WITH THE
MUSTANG MACH E THEY'VE GOT A
TON OF PEOPLE THAT ARE UNHAPPY
ABOUT IT IS A BOARD PERSON
MYSELF BY THE
MUSTANG ENTHUSIASTS IT WAS THE
WRONG NAME TO CHOOSE THAT'S A
MARKETING STRATEGY THAT THEY
CAN SHIFT, BUT WE'RE LOOKING AT
BRANDS LIKE RIVIAN THEY'RE
GETTING FUNDING FROM FORD FROM
AMAZON FOR
T ROWE PRICE I MEAN THAT SOME
HUGE MY AND YOU NEED THAT MONEY
IN
ORDER TO AND IT HAS PROBABLY
LOOK SOMETHING LIKE TESLA 9 OR
EVERYONE LOVES TESLA THE
WATCHES YOUR NETWORK BECAUSE I
HEAR ABOUT EVERY AND I SAY
SOMETHING NEGATIVE BUT I WILL
TELL YOU HE'S GOT TO START
MAKING A PROFIT.
YOU CAN'T HAVE A LOSS OVER A
PERIOD OF TIME THERE'S NO
ELECTRIC CAR MAKER AS OF TODAY
OVER THIS LAST DECADE EVEN THAT
HAS MADE A DOLLAR A PROFIT
OFF OF THE ELECTRIC CAR SALES.
SO THAT HAS TO TURN AROUND
WHICH MEANS BATTERIES UP TO GET
LESS EXPENSIVE THE ASSEMBLY OF
THESE HAVE TO BE LESS EXPENSIVE
AND THE RARE EARTH MINERALS WE
HAVE TO FIND ANOTHER RESOURCE
OR ANOTHER WAY TO DO IT BECAUSE
THE WAY THERE COMING UP ON
THOSE WEREN'T MINERALS AND THAT
RIGHT HE'S ONLY ALL OF AMERICAN
AIRLINES THAT IS CERTAINLY
PUTTING A HURT ON THE POTENTIAL