Category: Newswire

Tesla’s new insurance program prompted some early questions amid a bumpy rollout

Tesla vehicles are, in some cases, more expensive to insure than competing vehicles, a problem the electric-car maker has tried to address by introducing an insurance product, Tesla Insurance, for California customers on Wednesday.While it is not possible to insure a Tesla vehicle and a non-Tesla vehicle together on the same Tesla insurance policy.Tesla may instead see the product as a marketing tool designed to boost vehicle sales by addressing the perception that Tesla vehicles require higher-than-normal insurance costs.

Waymo urges U.S. to ‘promptly’ remove barriers to self-driving cars

Waymo, the self-driving car unit of Google parent Alphabet Inc, on Thursday urged the National Highway Traffic Safety Administration (NHTSA) to “promptly” remove regulatory barriers for cars without steering wheels and brake pedals.Many automakers plan remote controls to pilot autonomous vehicles through factories or onto trucks.In January 2017, GM sought an exemption from NHTSA to deploy fully automated vehicles without steering wheels before the end of 2019.

BMW Hopes to Regain Lost Ground with Facility Expansion

BMW said Wednesday it will invest W30 billion to expand its logistics center in Anseong, Gyeonggi Province in a bid to regain consumer confidence following massive recalls last year (US$1=W1,215).The logistics center in Anseong handles over 86,000 kinds of parts, making it the largest in Korea among imported car brands.BMW also plans to build a large-scale service center on the outskirts of Seoul.

Toyoda Gosei Invests in AI Startup TRYETING Inc.

KIYOSU, Japan–(BUSINESS WIRE)–Toyoda Gosei Co., Ltd. (TOKYO: 7282) has invested in TRYETING Inc. (Nagoya, Japan) for the rapid development of materials using artificial intelligence (AI)1. TRYETING is a startup out of Nagoya University and provides an AI platform that integrates various types of software. One of the strengths of the company is materials informatics, a… Continue reading Toyoda Gosei Invests in AI Startup TRYETING Inc.