BYE, BYE AUTONOMOUS SEMI. Just under two years ago, Uber bought Otto, a startup focused on developing self-driving trucks. Now, Uber is bidding adieu to its plans for autonomous shipping, at least for the time being. On Monday, the company revealed in a statement that it’s closing its self-driving truck division. Uber’s self-driving trucks were seen on… Continue reading Uber Kills Self-Driving Truck Division, Clearing the Road for Tesla
Category: Automotive
Renovo partners with aiPod to deploy self-driving cars in London and beyond
Renovo is licensing its technology to yet another self-driving startup—this time aiPod—in its bid to sell a platform that will enable companies to deploy commercial fleets of fully automated vehicles. Fleets of autonomous vehicles that can safely pick up and drop off people and packages will require more than an AI system that can brake,… Continue reading Renovo partners with aiPod to deploy self-driving cars in London and beyond
Dacia: industrial and commercial audacity
The Dacia brand has been growing for 15 years. What are the keys to this success? Dacia has a unique business model in the automotive industry, for several reasons. The original specifications were to produce a roomy, reliable vehicle at the €5,000 price point. Unlike the vehicle projects of the time, the baseline from which… Continue reading Dacia: industrial and commercial audacity
Lyft will pay you $550 to ditch your car for a month
Lyft is raising the stakes in its mission to dominate all modes of transportation in major cities. Starting in August, the ride-hailing company will offer 100 residents of Chicago $550 each in credit to Lyft and several other mobility services if they ditch their personal vehicles for a month. It’s a bold, if slightly gimmicky,… Continue reading Lyft will pay you $550 to ditch your car for a month
British engine production falls in June but puts in record performance so far this year
31 July 2018 #SMMT News #UK Manufacturing UK engine production falls -3.5% in June as demand from British car plants declines. Exports counterbalance domestic decline, up 5.6% in the month and 14.7% YTD. Production for the first six months highest on record, up 5.7% with almost 1.5 million engines built. Mike Hawes, SMMT Chief Executive,… Continue reading British engine production falls in June but puts in record performance so far this year
Britain’s car industry cautions: No-deal Brexit is our nightmare
LONDON (Reuters) – A no-deal Brexit would seriously damage the car industry in Britain and the European Union by raising costs and sowing chaos for carmakers and consumers alike, the head of Britain’s car industry warned on Tuesday. FILE PHOTO: Workers assemble cars at the plant for the Mini range of cars in Cowley, near… Continue reading Britain’s car industry cautions: No-deal Brexit is our nightmare
UPDATE 1-Honda hikes annual profit view, posts surprise Q1 rise on N.America sales
* Sees annual operating profit 710 bln yen, prior view 700 bln yen * Cuts global group vehicle sales f’cast from previous view * Expects to sell record 5.29 mln vehicles, prior view 5.38 mln (Recasts, adds details on results) TOKYO, July 31 (Reuters) – Honda Motor Co raised its full-year forecast operating profit forecast… Continue reading UPDATE 1-Honda hikes annual profit view, posts surprise Q1 rise on N.America sales
BMW to build 1 billion euro car factory in Hungary
FRANKFURT/BUDAPEST (Reuters) – BMW (BMWG.DE) said it is investing 1 billion euros ($1.17 billion) in a new car factory in eastern Hungary, a project that could contribute to the country’s growth and strengthen its position as a centre for premium car manufacturing in the region. FILE PHOTO: The BMW logo is seen on a vehicle… Continue reading BMW to build 1 billion euro car factory in Hungary
UK commercial vehicle production rises in June, as exports drive demand
31 July 2018 #SMMT News #UK Manufacturing British commercial vehicle manufacturing rises 6.1% in June, with 7,769 units built. Production in first six months declines -5.3% to 41,452 units. Exports remain stable in first half, with nearly 70% of production destined for overseas markets. British CV manufacturing grew 6.1% in June, with 7,769 vehicles leaving… Continue reading UK commercial vehicle production rises in June, as exports drive demand
Update: Celaya Plant Flooding and Recovery
Due to the overflow of a river near Honda’s auto plant in Celaya, Mexico, all auto and component production was suspended beginning June 28. While the Honda transmission plant in Celaya resumed production on July 9, our expert teams have completed an investigation of the damage to the tooling and equipment at the auto plant,… Continue reading Update: Celaya Plant Flooding and Recovery