Automotive service providers like NVS and Telsa have been losing money for a long time.
But with the introduction of more efficient, connected cars, there is more competition for those services.
Now that the next generation of connected cars is in place, services like NPS are experiencing a renaissance.NVS Automobile Services lost a whopping $11.8 million in the third quarter of this year, according to Axios.
In the second quarter, the automaker lost another $6.3 million.
Telsas automotive services division, which includes its automotive service division, saw a big loss in the same period.
Telsa said it’s making some moves to help the company recover its losses, including shifting to a new, more competitive pricing model.
Testers for the new model will be hired and replaced with new people who have similar backgrounds and expertise, the company said.
But the NVS brand will remain unchanged.
Talks are underway to get rid of the NPS brand altogether, according a Telsais statement.