BENGALURU: Electric vehicle start-up Strom Motors (E14 Technologies Pvt Ltd) on Thursday said it has secured angel funding from Indian Angel Network (IAN). The investment would help the Mumbai-based start-up consolidate its leadership position in the technology-enabled mobility industry, setting up product sales, accelerate its geographical expansion and increase its consumer base across markets, a… Continue reading Indian electric vehicle start-up gets angel funding to bolster leadership status
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In-car commerce startup Cargo raises $22 million led by Founders Fund
Cargo, the startup that helps ridesharing drivers earn money by bringing the convenience store into their vehicles, has raised $22 million in a Series A round led by Founders Fund. Additional investment came from Coatue Management, Aquiline Technology Growth as well as a number of high-profile entertainment, gaming, and technology executives who include Zynga founder Mark… Continue reading In-car commerce startup Cargo raises $22 million led by Founders Fund
Volkswagen targeting further boost in factory productivity
Goal of the new TRANSFORM.TOGETHER production strategy: 30 percent increase in productivity worldwide by 2025 Board Member for Production Andreas Tostmann: “Efficiency potential in Production through 2025 totals €2.6 billion” Paradigm shift from product to process orientation to be implemented worldwide in eight action areas Production makes major contribution to achieving profitability target of over… Continue reading Volkswagen targeting further boost in factory productivity
Mechanical and plant engineering
27.09.2018 Ι Advancing digitization will greatly change the German mechanical and plant engineering industry – both as a user and as a provider of digital products. “In order to retain its strong role in innovation and customer access, mechanical engineering must position itself strategically in platform economics and cooperate more closely,” emphasized Wolfgang Lemb, Executive… Continue reading Mechanical and plant engineering
Le Groupe PSA et Punch Powertrain annoncent le projet de création d’une co-entreprise pour les futures transmissions électriques du Groupe
RUEIL-MALMAISON, France–(BUSINESS WIRE)–Regulatory News: Groupe PSA (Paris:UG): Le 27 septembre 2018, le Groupe PSA et Punch Powertrain annoncent leur intention de créer la co-entreprise « Punch Powertrain PSA e-transmissions » qui produira la future génération de transmissions électrifiées e-DCT à partir de 2022. De conception révolutionnaire, la boîte de vitesses e-DCT en configuration 48V, équipera les futurs… Continue reading Le Groupe PSA et Punch Powertrain annoncent le projet de création d’une co-entreprise pour les futures transmissions électriques du Groupe
Leipzig closes earlier, Saarbrücken loses more jobs: Management of Halberg-Guss pulls the emergency brake
DPA Strikers in Leipzig: The factory is already closed at the end of March 2019 The automotive supplier Neue Halberg-Guss (NHG) will close its plant in Leipzig earlier and reduce more jobs in Saarbrücken. The company reacts to a weaker order situation due to the long conflict with the union IG Metall, said the management… Continue reading Leipzig closes earlier, Saarbrücken loses more jobs: Management of Halberg-Guss pulls the emergency brake
Mitsubishi Motors Announces Production, Sales and Export Figures for August 2018
*1 Beginning fiscal 2012, locally branded models produced in China, which to date had been included in the output figure for China, are now excluded *2 Includes imports to Japan [ Summary : August 2018 ] < Domestic Production > August 2018・・・Sixth consecutive monthly year-on-year increase since February, 2018 ( 115.8% year-on-year ) <… Continue reading Mitsubishi Motors Announces Production, Sales and Export Figures for August 2018
Ford, Lyft, and Uber to Share Data to Improve Urban Mobility
The partnership gives mayors unparalleled access to road traffic data, allowing them to make better planning and investment decisions as shared and autonomous mobility arrive in their cities. Photo courtesy of Ford. Ford Motor Company, Uber, and Lyft have announced a commitment to SharedStreets, a new data platform designed to make it easier for the private sector to work with cities around… Continue reading Ford, Lyft, and Uber to Share Data to Improve Urban Mobility
Most drivers don’t understand limitations of car safety systems, AAA finds
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Most drivers don't understand the limitations of advanced safety technology installed on new vehicles, according to a new study by AAA Foundation for Traffic Safety.
The study indicates that drivers overestimate the capabilities of features such as blind-spot monitoring systems, automatic emergency braking and adaptive cruise control.
“A substantial proportion of respondents demonstrated what we believe was a concerning lack of awareness of some of the key limitations of the technologies,” said Brian Tefft, senior researcher for the AAA Foundation.
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The findings raise questions about whether Americans are ready to adapt to partially self-driving vehicles, which typically require drivers to remain alert and ready to take over the steering wheel if the car can't handle the conditions it encounters.
Problem spots flagged by AAA:
• Blind-spot monitoring: Nearly 80 percent of drivers don't understand the limitations or thought that the system had greater capability to detect fast-approaching vehicles, bicycles and pedestrians. Relying too much on blind-spot monitoring, about 25 percent don't look for oncoming vehicles when they change lanes.
• Forward-collision warning and automatic emergency braking: Many drivers confuse the two. One is a warning system, while the other takes action. More than 40 percent of drivers don't know these limitations.
• Adaptive cruise control: About 29 percent of drivers who use this system, which accelerates and brakes on its own, are sometimes comfortable “engaging in other activities” while the system is activated, according to the study.
To be sure, the researchers emphasized that advanced driver assistance systems are generally helpful. Such technologies can prevent about 40 percent of crashes and 30 percent of crash deaths, according to federal estimates.
The problem is that technology backfires when people don't understand how it works.
“I think there's a general assumption among members of the public that technologies in vehicles today will do things for us,” said Jake Nelson, director of traffic safety advocacy and research for AAA. “These technologies are not meant to replace us behind the wheel. They're meant to help us out.”
Nelson said that it's important for dealers, automakers and rental-car companies to educate drivers, at the time they take delivery of their vehicle, on how these systems work.
And “we shouldn't be marketing them in a way that could potentially mislead folks,” Nelson added.
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Uber to pay $148 million to settle data breach cover-up with U.S. states
SAN FRANCISCO (Reuters) – Uber Technologies Inc [UBER.UL] will pay $148 million for failing to disclose a massive data breach in 2016, marking a costly resolution to one of the biggest embarrassments and legal tangles the ride-hailing company has suffered. The Uber application is seen on a mobile phone in London, Britain, September 14, 2018.… Continue reading Uber to pay $148 million to settle data breach cover-up with U.S. states