Amazon and Hyundai partner to offer car buying facility on e-commerce platform

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Amazon. Moreover, the report highlights that customers on Amazon can also opt for a financing scheme and finish the complete process of transaction. The customer can also choose to get their cars delivered at their address or they can visit a nearby dealership to get their car models.

Notably, it is the first time that an e-commerce retail has partnered with an automaker offering such a buying facility and may open the way for similar tie ups with other brands as well."This new shopping experience will create another way for dealers to build awareness of their selection and offer convenience to their customers," a joint statement from Amazon.com Inc. and Hyundai Motor Co. However, a spokesperson from Hyundai maintains that the actual dealership model for sales remains paramount.

Meanwhile, it was previously reported that Amazon.com Inc. was cutting jobs in its music division, which encompasses the retail giant’s audio streaming platform and digital storefront for songs, as Chief Executive Officer Andy Jassy continued to reduce expenses throughout the company. The jobs targeted were in Amazon Music’s editorial and audio content team, said people familiar with the matter, who asked not to be named because the details are private.