Category: Automotive

FCA Group merger could have ensured Renault’s ‘durability’

The French finance minister has described a potential merger between FCA Group and Renault as a “good opportunity” as signs began to emerge that politicians could attempt to reignite merger talks. The comments came just five days after it emerged that FCA Group had withdrawn its proposal of a “transformational” €33 billion merger with Renault… Continue reading FCA Group merger could have ensured Renault’s ‘durability’

SoftBank, Toyota self-driving car venture to launch in SE Asia next year

The self-driving car joint venture of SoftBank Corp and Toyota Motor plans to begin operating in Southeast Asia next year, in its first overseas foray, its chief executive said on Tuesday. Monet, which is developing an on-demand self-driving service platform, is planning to export a basic version of the system, Chief Executive Junichi Miyakawa told… Continue reading SoftBank, Toyota self-driving car venture to launch in SE Asia next year

Kenya to promote electric vehicle to reduce air pollution

NAIROBI, June 10 (Xinhua) — Kenya plans to promote use of electric vehicles in order to reduce air pollution in the country, a government official said on Monday.
Martin Eshiwani, director of road and railway transport in the ministry of transport, infrastructure, housing and urban development told a forum in Nairobi that standards for electric vehicles and motorcycles were put in December 2018.
“Kenya wants to move towards green vehicles so that it can also achieve its commitments under the Paris climate agreement,” Eshiwani said during the Urban Mobility Summit.
Eshiwani said that Kenya has approximately 350 electric vehicles and motorcycles on the roads.
He noted that the government is considering implementing a number of fiscal and regulatory measures that will increase e-mobility in the country.
Eshiwani observed that most vehicles standards are geared to the fossil fuels that are most prevalent in the country.
According to the government official, the number of motorbikes licens..

Hertz shares jump after rental car company unveils subscription service starting at $999 a month

Passengers wait to get on a Hertz shuttle bus at Los Angeles International Airport.Patrick T. Fallon | Bloomberg | Getty ImagesHertz Global Holdings stock jumped more than 8% Tuesday after the car rental company announced a new vehicle-subscription service called Hertz My Car, which will launch as a pilot program in Atlanta and Austin, Texas.
Hertz is up more than 5% over the past 12 months and more than 12% so far this year.
The monthly subscription service is an alternative to traditional vehicle ownership, which the company said has become less popular in urban areas. It will cost subscribers between $999 and $1,399 per month, depending on which vehicle package they choose.
The pilot program will grant customers access to various automobiles through the two subscription tiers and allow them to exchange vehicles twice a month for different models. The subscription will cover vehicle maintenance, roadside assistance, damage and limited liability protection, the company said.
Hertz said the service is part of a greater shift away from traditional vehicle ownership. The company shared a survey by Cox Automotive where roughly 40% of respondents said that while access to transportation is necessary, owning a vehicle is not.
“We feel well positioned to lead in vehicle subscription services,” said Jayesh Patel, Hertz Senior Vice President of Brand. “We've seen growth in our longer-term rentals in recent years which we believe is one of several positive indicators the time is right for this service.”
Hertz's stock has fallen more than 20% since the beginning of March, when long-time investor Carl Icahn said he trimmed his stake in the company.
WATCH: Turo CEO on future of car sharing
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Ford denies it is in the self-driving slow lane

TEL AVIV (Reuters) – Ford Motor Co may be taking a cautious approach to its autonomous driving program, but its chairman rejected claims that the U.S. automaker was falling behind its peers. FILE PHOTO: The Ford logo is seen on a vehicle at the New York Auto Show in the Manhattan borough of New York… Continue reading Ford denies it is in the self-driving slow lane

JAGUAR LAND ROVER REPORTS MAY 2019 SALES

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The GM-backed robo-taxi startup Cruise Automation is reportedly struggling to refine its self-driving car technology

The autonomous-driving startup Cruise Automation, which was acquired by General Motors in 2016, is facing technological issues as it seeks to launch an autonomous ride-hailing service by the end of this year, The Information’s Amir Efrati reported on Friday.Among the issues reportedly experienced by Cruise vehicles are near-accidents, according to The Information; getting stuck in the middle of a trip, taking 80% longer to complete a trip than a human driver would, and erratic braking and steering.Cruise had reportedly set a goal of lowering that rate to once every 1,000 miles by the end of 2018.

Renault/Fiat case ‘not closed’, says French transport minister

French Transport Minister Elisabeth Borne delivers a speech during the official inauguration of the CMA CGM Antoine de Saint Exupery container ship in Le Havre, France September 6, 2018. REUTERS/Benoit Tessier PARIS (Reuters) – Plans to merge carmakers Renault and Fiat Chrysler could re-emerge despite the breakdown of negotiations last week, France’s transport minister said… Continue reading Renault/Fiat case ‘not closed’, says French transport minister

Continental and Leia´s new 3D Lightfield Display bring the third dimension into Automotive vehicles

Innovative Lightfield technology generates an unprecedented 3D experience for all vehicle passengers without special eyewear Comprehensive display technology and content platform for increased safety and comfort demands within the vehicle Continental works together with Silicon Valley company Leia Inc. Babenhausen (Germany), June 11, 2019. A stop-sign, shining red hovers in front of the screen. Rows… Continue reading Continental and Leia´s new 3D Lightfield Display bring the third dimension into Automotive vehicles