It doesn’t have a radio – not even a touchscreen and it doesn’t even have paint but the stripped down new $20,000 electric Slate Truck is backed by Jeff Bezos and other big-name investors betting that forcing radio out of the dashboard to save consumers money will be a winner.
- As of now the AM Radio for Every Vehicle Act requiring all new cars to include AM radio at no extra cost has not yet passed Congress – the legislation remains stalled with no immediate vote scheduled.
- Loophole alert: Manufacturers producing fewer than 40,000 vehicles annually like Slate Auto would have a four-year compliance window from the rule's effective date – to incorporate AM radio into their vehicles unless they adjust their rollout schedule or the legislation does not pass.
- Ironically, the AM bill does not mandate FM.
Read the full article now
Recent Posts
- The Company Cleaning iHeart’s Clock
- The End of Consolidation
- The Return of Payola
- iHeart Scraping Competitors’ Business
- The Hurry-Up Cumulus Bankruptcy Plan
- Urban One’s Managed Decline
- An Urgent Behind-the-Scenes Cumulus Pivot
- GM Secretly Taking Back In-car Entertainment
- The Podcast Reckoning
- Beasley’s Nepo Problem