To achieve this during a time of unprecedented change in the automotive industry, DENSO is focused on strengthening global collaboration, overall North America functions and regional business units. The executive changes announced today will accelerate those focuses to help DENSO meet its goals to: Improve performance in areas like electrification and automated driving Increase sustainable… Continue reading DENSO Announces Executive Leadership Changes in North America
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+++ Newsblog +++: Continental, Post, Vonovia – an overview of the business figures of large companies
Editorial Editorial Newest first Oldest ones first Highlights Show new post Show new posts No contribution available 07.03.2019 – 09:28 Lars Ophüls The flood of balance sheets also marks the start of trading on the stock market. One of the biggest losers is Axel Springer with a price drop of five percent. Analysts were disappointed… Continue reading +++ Newsblog +++: Continental, Post, Vonovia – an overview of the business figures of large companies
We’re rebranding! Taxify is now Bolt ⚡
Yup, you read it right. Today is a big day for us – Taxify is now Bolt! We are changing our name and logo, but the app with great ride prices and fast arrival times will stay just as good as ever. Taxify started five years ago with a mission to make urban transportation easier… Continue reading We’re rebranding! Taxify is now Bolt ⚡
Taxify in Portugal: giving back to the community
Our aim is to make urban travel easier, quicker and more reliable. That’s big, but it doesn’t stop there. We want to have a truly positive impact on our environment and the people in it. This is why we decided to paint suit up and give back to the community. At the beginning of February… Continue reading Taxify in Portugal: giving back to the community
In China, automakers forced to adapt to falling sales
Faced with a rapid drop in car sales in China it is an entire industry (manufacturers, equipment manufacturers, dealers) that is forced to adapt to this new situation. The blow is hard for companies that have often invested billions of dollars over the past decade in hopes of taking advantage of the extraordinary growth of… Continue reading In China, automakers forced to adapt to falling sales
Fiat-Chrysler: the twelve works of Mike Manley
He donned the sweater of Sergio Marchione at the death of the handyman of the Agnelli family . At Fiat-Chrysler, it’s Mike Manley who’s been driving since last July . The former boss of Jeep was at the Geneva Motor Show on Tuesday, to explain to the European public with his deep voice and asked… Continue reading Fiat-Chrysler: the twelve works of Mike Manley
ubitricity raises €20 million in Series C funding
EV charging provider ubitricity has raised €20 million in Series C funding to expand its mobile metering technology for EV charging. A new shareholder, automaker Honda, joined existing shareholders EDF and Next47 in the investment. The funding will be used to accelerate the deployment of ubitricity’s charge points, including retrofitted lamp posts and real-estate installations,… Continue reading ubitricity raises €20 million in Series C funding
The Tesla Model 3 I Bought 8 Months Ago Just Got Even Better (& Cheaper!)
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Autonomous Vehicles Published on March 1st, 2019 | by Kyle Field
The Tesla Model 3 I Bought 8 Months Ago Just Got Even Better (& Cheaper!)TwitterLinkedInFacebookMarch 1st, 2019 by Kyle Field
Tesla just announced that after several years of hard work, the Model 3 Standard Range is finally here. The news came in concert with a tsunami of smaller updates that will take some time to pick through.
Amidst the flood of updates that was pushed out was news that the Long Range, Rear Wheel Drive Model 3 will get an increase in range per charge from the current 310 miles (500 kilometers) to 325 miles (523 kilometers). The update also comes with a 5% boost in performance that results in a lower 0–60 mph time of just 5.0 seconds.
Tesla CEO Elon Musk said on the press call announcing the news that, “We do find ways over time, and we’ve done this many times in the past, where we’re able to improve the efficiency of the drive inverter or the motor or we get a bit more comfortable with how much energy you can extract safely from the battery pack without causing long-term damage.”
The updates will be pushed out to owners for free as part of the March 15th software update for the Model 3. The very same update is also slated to bring a host of other improvements, including the ability for the car to change lanes automatically on the freeway without confirmation when using “Navigate on Autopilot.”
The approach at Tesla to its vehicles represents a sharp detour from traditional automakers in that it does not focus on short-term profits, but on building, delivering, and maintaining the best vehicles they can make with the hardware they have. This mindset translates to Tesla pushing out as many features as it can to all of its vehicles, new, used, or otherwise.
“As we get more road validation and we’re able to find optimizations and people get more comfortable widening the margins, we just update the car and make it better for free,” Musk said. “That’s been our philosophy for years.”
At the same time, Tesla continues to slash prices on its new vehicles, passing savings from one area of the company directly on to the customer. When Tesla eliminated the referral program earlier this year, it passed the savings resulting from the elimination directly on to new customers in the form of lower prices. The company is doing the same today, by passing the savings coming from eliminating its sales stores and staff on to customers of all Tesla vehicles.
The price reductions are significant. In the 8 months since we purchased our Tesla Model 3, the price has come down from $49,000 to $43,000. It feels strange, but I was happy with the price I paid when I bought it and the car has not changed one bit — aside from the improvements Tesla keeps pushing out to it. In that sense, it is a better car than it was on the day that I bought it, which is nice.
On the press call announcing the Standard Range Model 3, Musk said that, “I think this is the lowest we can possibly sell this car at.” He went on to say that, “it’s excruciatingly difficult to make this car $35,000 and still be financially sustainable.”
That doesn’t mean that the prices and margins won’t improve over time, because they inevitably will. It just shows how much muscle Tesla had to put into the Model 3 to squeeze out every penny in order to get the price down to $35,000. Musk called it a “Game of Pennies,” as a play on the popular book and TV series Game of Thrones — and effort at Tesla to squeeze every last discretional penny out of every single part in the car.
Tesla has performed a minor miracle delivering the Model 3 at $35,000, but just because the prices have fallen in recent months, don’t expect the price to keep going down anytime soon. He said that he could envision a future where Tesla introduced lower cost models, but that it would be 2–3 years away at the earliest. Then again, would he really announce a lower priced Tesla on the horizon, knowing how it would force even more buyers to hold off? Time will tell, but for now, the Tesla team is likely taking a well deserved 5 or 10 minute break before getting back to achieving the impossible.
Tesla is on a mission to take down internal combustion automakers, but it’s not doing it for profit or out of a desire to gain more market share. Tesla’s desire to make the best EVs in the world, push them out of its factories by the tens of thousands per month, and get them into the hands of customers around the world is driven by a fierce desire to slash emissions stemming from transportation and help stop more catastrophic, society-threatening global heating and climate change.
About the AuthorKyle Field I'm a tech geek passionately in search of actionable ways to reduce the negative impact my life has on the planet, save money and reduce stress. Live intentionally, make conscious decisions, love more, act responsibly, play. The more you know, the less you need. TSLA investor.
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Introducing V3 Supercharging
Tesla has more than 12,000 Superchargers across North America, Europe, and Asia and our network continues to grow daily: more than 99% of the U.S. population is covered by the network, and we anticipate similar coverage in Europe by the end of 2019. Recently, we passed 90% population coverage in China and are growing that… Continue reading Introducing V3 Supercharging
AEye Advisory Board Profile: Luke Schneider
We sat down with each of our Advisory Board Members to ask them why they’re excited about working with AEye…
Mr. Schneider was most recently the CEO of Silvercar. Acquired by Audi in 2017, Silvercar has offerings in the rental car segment (Silvercar by Audi), auto dealership fleet management (Dealerware) and vehicle subscriptions (Audi select). Prior to joining Silvercar in early 2012, Schneider served as CTO of Zipcar, the world’s largest car-sharing company. He came to Zipcar by way of Flexcar, the United States’ first car-sharing company, where he served as CTO and VP of Strategy. Schneider conceived and drove development of new products, including the award-winning Zipcar iPhone app, which he debuted during a keynote presentation at Apple’s 2009 Worldwide Developer Conference.
Schneider began his career at Ford Motor Company in 1992. Luke earned a bachelor’s degree in Mechanical Engineering from the University of Texas at Austin and a MBA with specialization in Operations and Strategy from the Tepper School of Business at Carnegie Mellon University.
Q: What in your past experience ultimately drew you to the autonomous vehicle arena?
For the better part of 25 years, I have worked at the intersection of transportation and technology. Starting as a powertrain engineer at Ford Motor Company, and through executive tenures at Flexcar, Zipcar and Silvercar, I have seen the industry begin the most profound, tectonic shift in its 120 year history. You need to do little more than look at the accelerating pace of change in vehicle product development — beginning with the shift from vacuum systems and mechanical linkages, to semiconductors and electronics — to appreciate how dramatically personal transportation is changing. Add to that the evolution of the consumer model, consistent with what we’ve seen in countless other categories (buy what you want, pay for what you need, and do it on your phone), and it’s clear the revolution is not coming, it is upon us!
For me personally, as I seek a convergence point for the many disparate aspects of the automotive ecosystem, I am certain that the future will be indelibly shaped by 4 primary drivers: autonomous, electric, shared, and connected. Of all of those, the one that inspires the most hope, excitement, and wonder is autonomous. Autonomy has the power to all but eliminate 40,000 fatalities per year in the US alone, and hundreds of thousands of injuries. It will make our journeys faster, less stressful, and more enjoyable. And, it will make our ever more crowded cities more livable, walkable, and sustainable. I want to live in a world like that.
Q: Why AEye?
AEye has a fantastic set of technologies that they’ve combined in a new way to deliver breakthroughs in perception. I’m also very impressed with the unique history of the leadership team. They have a tremendous amount of experience with LiDAR from their work in aerospace. It is unusual to find a start up in the United States with this kind of experience, and a team that has worked with LiDAR for decades.
Q: Where do you see ADAS solutions, autonomous vehicles, and/or artificial perception, heading within the next few years? The next decade? Beyond? How do you see AEye playing a pivotal role in this vision?
The first thing anybody notices about AEye is the exceptional caliber of people who comprise the place. They have attracted such a talented, diverse team — and not only scientists, engineers and developers. It’s clear to me that the staff is drawn in by a brilliant central concept at the heart of the company: recasting a daunting problem in an entirely new light.
Successful technology companies take real-world problems, apply fresh, innovative thinking to them, and tum those problems into business opportunities. The rarest of the rare are able to not only conceive and theorize, but also build and grow. It is harder than it looks to take a complicated technology concept and properly characterize it in a way that accurately describes it without oversimplifying it. But, at the same time, to paraphrase Dr. Richard Feynman: “If you can’t explain something in simple terms, you don’t understand it.”
One of the things I admire most about AEye is the way the company lives this statement, commanding the respect of customers, employees, and industry veterans. With its compelling technology case, dedicated team, and vast reach into the expertise of advisors, investors, and customers, how not AEye?
Q: Where do you see ADAS solutions, autonomous vehicles, and/or artificial perception, heading within the next few years? The next decade? Beyond? How do you see AEye playing a pivotal role in this vision?
Already, ADAS is penetrating the automotive world at a pace not seen by any technology in my career. As cars get safer, whole industries change or are disrupted. The auto insurance and car rental industries are obvious early examples. I am excited, encouraged, and hopelessly optimistic about the direction we are headed, led by AEye and other kindred spirits. Besides making personal transportation safer, artificial perception — coupled with machine learning, AI, and a dozen other technologies — will begin to re-shape an industry model that is desperately in need of evolving.
As a society, we have solved the personal transportation problem in the most expensive way imaginable — financially, socially, and environmentally. It may have worked for the first 100 years, but it won’t work for the next. Our cities have become less livable, even as their populations continue to swell.
In this next decade, I believe we will begin to see the first concrete examples of artificial vehicle perception accelerating the pace of change for the benefit of all. Imagine what happens to profitability in the ride share business when the cars can drive themselves. Think about what choices we will have during our morning commutes when our bandwidth isn’t fully consumed in the act of driving. Imagine how much cleaner, more walkable, less congested our cities will be using vehicles equipped with this innovative technology.
AEye finds itself defining, even accelerating, the arrival of this future state. I can’t think of a more exciting place to be (and a better equipped group of people) to make it a reality.
AEye Advisory Board Profile: Luke Schneider — AEye’s iDAR Shatters Both Range and Scan Rate Performance Records for Automotive Grade LiDARAEye Advisory Board Profile: Elliot GarbusAEye Advisory Board Profile: Tim ShipleThe Future of Autonomous Vehicles: Part I – Think Like a Robot, Perceive Like a HumanDeconstructing Two Conventional LiDAR MetricsAEye’s $40M Series B Includes Numerous Automotive Leaders Including Subaru, Hella, LG, and SKBlair LaCorte Named President of AEyeAEye Extends Patent Portfolio, Creating Industry’s Most Comprehensive Library of Solid-State Lidar Intellectual PropertyHella and AEye Extend Strategic Partnership to Deliver Sensing and Perception Solutions for ADAS and Autonomous DrivingAEye Advisory Board Profile: Scott Pfotenhauer