Buying a Chevy? You May Want to Wait Until This Summer

Chevy to Include 4G LTE in many 2015 models -- no phone required.

Jan 19, 2014 at 3:00PM

Couldn't make it to the 2014 International Consumer Electronics Show? Never fear -- the Fool was there to check out the tech and report back on who was there and what was new. With thousands of products in more than 15 categories, the next big thing was surely making its debut at the CES in Las Vegas.

Many carmakers are looking at built-in wireless connectivity, and Chevrolet has taken the plunge. Starting this summer, several models of Chevy will come with 4G LTE and a suite of apps for information, entertainment, navigation, and more.

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A full transcript follows the video.

Eric Bleeker: Hey, Fools. I'm Eric Bleeker at the CES convention, and we're on the floor. This is very much now a car show -- cars are taking over -- it's quite unbelievable!

We're at Chevrolet right now, and one of the major announcements has been that you guys are actually going to begin building 4G or LTE service into cars. Could you tell me a little bit about this?

Chevy Representative: Absolutely, and thank you for coming to the Chevrolet booth today. Basically, we made an announcement that on 2015 models -- so this summer -- we're including OnStar 4G LTE into our vehicles. What this allows us to do is that you don't need to use your cell phone anymore to power the app, the idea being that as a consumer you don't have to worry about your phone; it just works.

In addition to the 4G announcement, we've also announced the Chevrolet App Shop. This is actually an application ecosystem that is embedded into the vehicle, so again, no need for a phone whatsoever. We're launching with 11 different apps in kind of a broad category -- music, to schedule hotels -- it looks close to you.

Our big thing, we're not going after the total quantity of applications. We're going after quality, so we work with developers to really create apps that enhance the life of someone who's driving a vehicle. It has to give a benefit, so that means changing icons, making buttons larger, making it easier for someone who's driving a vehicle to use.

Bleeker: Sure. Just as a couple examples, what are some media applications that you guys would have?

Chevy Representative: We're launching with iHeart Radio, TuneIn, we have Slacker -- those are some great examples of some music-based apps -- we also have Kaliki and Glympse.

Glympse allows you to share your GPS location, for a set period of time, with a friend. Say for instance we're meeting somewhere, and I'm from out of town. Instead of you constantly pestering me -- "Where are you? Where are you?" -- for a set period of time it's actually going to let you track me. Then always is a very popular app.

Bleeker: Great. What percent of your fleet size will this be an option on?

Chevy Representative: I couldn't really give you a percent. I could actually tell you the specific models. For 2015 we're going to put this on our Spark, Spark EV, Silverado, Silverado HD, Impala, Malibu, and Equinox, and finally the Volt.

Bleeker: Great. Final question -- pricing, we had talked before, to be determined. Who are you working with to bring the actual connectivity here?

Chevy Representative: Correct. The OnStar 4G LTE is an agreement with AT&T (NYSE:T).

Bleeker: Great. Thank you very much for taking our questions.

Chevy Representative: No problem; thank you.

Eric Bleeker, CFA, has no position in any stocks mentioned. The Motley Fool recommends General Motors and and owns shares of Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

4 in 5 Americans Are Ignoring Buffett's Warning

Don't be one of them.

Jun 12, 2015 at 5:01PM

Admitting fear is difficult.

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This past May, The Motley Fool sent 8 of its best stock analysts to Omaha, Nebraska to attend the Berkshire Hathaway annual shareholder meeting. CEO Warren Buffett and Vice Chairman Charlie Munger fielded questions for nearly 6 hours.
The catch was: Attendees weren't allowed to record any of it. No audio. No video. 

Our team of analysts wrote down every single word Buffett and Munger uttered. Over 16,000 words. But only two words stood out to me as I read the detailed transcript of the event: "Real threat."

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KPMG advises we're "on the cusp of revolutionary change" coming much "sooner than you think."

Even one legendary MIT professor had to recant his position that the technology was "beyond the capability of computer science." (He recently confessed to The Wall Street Journal that he's now a believer and amazed "how quickly this technology caught on.")

Yet according to one J.D. Power and Associates survey, only 1 in 5 Americans are even interested in this technology, much less ready to invest in it. Needless to say, you haven't missed your window of opportunity. 

Think about how many amazing technologies you've watched soar to new heights while you kick yourself thinking, "I knew about that technology before everyone was talking about it, but I just sat on my hands." 

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David Hanson owns shares of Berkshire Hathaway and American Express. The Motley Fool recommends and owns shares of Berkshire Hathaway, Google, and Coca-Cola.We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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