Amazon launches car dealership service for Hyundai vehicles in 48 U.S. cities

Amazon has officially entered the car dealership business, allowing customers in 48 U.S. cities to buy Hyundai vehicles through its platform. Customers can also finance their purchases and arrange for trade-ins via the Amazon app, with plans for more manufacturers to join next year. Traditional car dealerships are assessing the impact of this new model, weighing the benefits of increased volume against potential profit sacrifices. Meanwhile, companies like Carvana, which focus on used cars, are less concerned, viewing Amazon's move as a secondary priority. In related news, General Motors is shutting down its Cruise robotaxi unit after investing up to $10 billion since 2016. This decision reflects growing investor impatience and the challenges of achieving fully autonomous driving, a goal that many companies have struggled to realize.