Saturday, January 11, 2014

How the Smartphone Is Changing the Auto Industry

One trend you should be aware of as an investor is that of the "connected car". Your vehicle can connect with the outside world through a dedicated modem, such as General Motors' (NYSE: GM  ) 17-year-old OnStar service, or -- increasingly these days -- through your smartphone.

At the recent Connected Car Conference in New York City, Roger Lanctot of Strategy Analytics spoke about the role of smartphones and modems in the vehicle: Besides entertainment, they can help sell cars, route motorists, and facilitate commerce through various payment options for tolls, parking, etc. If done properly, a connected car even can save lives and make driving safer.

Our roving reporter Rex Moore attended the conference, and was able to speak to Roger about the role of the smartphone in the car. In today's video, the question of why the smartphone is forcing a move away from an OnStar-like subscription model is explored.

Who's really smart?
Want to get in on the smartphone phenomenon? Truth be told, one company sits at the crossroads of smartphone technology as we know it. It's not your typical household name, either. In fact, you've probably never even heard of it! But it stands to reap massive profits NO MATTER WHO ultimately wins the smartphone war. To find out what it is, click here to access the "One Stock You Must Buy Before the iPhone-Android War Escalates Any Further..."

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