Amazon(NASDAQ: AMZN) will start listing Hyundai vehicles on its site starting next year, and that could give the company footing in the auto business. It's not just auto sales Amazon is interested in -- the cloud and technology stack within cars is up for grabs.
In this video, Travis Hoium covers the latest news and why Amazon will be a big force in the auto industry.
*Stock prices used were end-of-day prices of Nov. 20, 2023. The video was published on Nov. 20, 2023.
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John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool's board of directors. Travis Hoium has positions in Alphabet, Apple, and General Motors. The Motley Fool has positions in and recommends Alphabet, Amazon, Apple, and Tesla. The Motley Fool recommends General Motors and recommends the following options: long January 2025 $25 calls on General Motors. The Motley Fool has a disclosure policy. Travis Hoium is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.
