All that glitters is not gold: BMW heirs reveal that being a guardian of wealth isn’t that pretty

By Chris Reiter Dealing with the responsibility and jealousy from inheriting wealth is a misunderstood burden, according to Susanne Klatten and Stefan Quandt, the billionaire siblings who together own almost half of BMW AG. “Many believe that we are permanently sitting around on a yacht in the Mediterranean,” Klatten told Manager Magazin in a rare… Continue reading All that glitters is not gold: BMW heirs reveal that being a guardian of wealth isn’t that pretty

Aston Martin CEO claims Valkyrie will attempt a ‘Ring record, report says – CNET

The idea that this 1,200-horsepower monster would show up to set a lap record on an open track day is bananas. Aston Martin The automotive world has been freaking right the hell out about Aston Martin’s technological tour-de-force: the Valkyrie. I mean, there’s every reason to. It’s got a naturally aspirated V12 that revs to… Continue reading Aston Martin CEO claims Valkyrie will attempt a ‘Ring record, report says – CNET

India asks scooter, bike makers to draw up plan for EVs

NEW DELHI, June 22 (Reuters) – India's federal think-tank has asked scooter and motorbike manufacturers to draw up a plan to switch to electric vehicles, days after they publicly opposed the government's proposals saying they would disrupt the sector, two sources told Reuters.
Niti Aayog officials met with executives from companies including Bajaj Auto, Hero MotoCorp and TVS late on Friday, giving them two weeks to come up with the plan, according to one of the executives.
The think-tank, which is chaired by Prime Minister Narendra Modi and plays a key role in policymaking, had recommended that only electric models of scooters and motorbikes with engine capacity of more than 150cc must be sold from 2025, sources have told Reuters.
Automakers opposed the proposal and warned that a sudden transition, at a time when auto sales have slumped to a two-decade low, would cause market disruption and job losses.
India is one of the world’s largest two wheeler markets with sales of more..

Airbus-owned Voom will compete with Uber Copter in the US in 2019

The U.S. air taxi market is heating up: Aeronautics industry giant Airbus will be among the companies operating on-demand air travel service in 2019 in American skies, FastCompany reports. Airbus’ Voom on-demand helicopter shuttle operation will set up shop in the U.S. starting this fall, after previously providing service exclusively in Latin America. Uber announced… Continue reading Airbus-owned Voom will compete with Uber Copter in the US in 2019

AEye Team Profile: Vivek Thotla

On June 26th, AEye Staff Engineer, Vivek Thotla, will be speaking on a panel called “Should We Take CV To The Edge?” at IoT Forum on Computer Vision @ Sensors Expo.
Vivek is a staff engineer at AEye, where he leads product verification and validation, and is responsible for LiDAR simulation and data strategy in producing automotive grade products. Previously, he was a Component Owner / Functional Delivery Owner for point cloud algorithms at Continental, where he was responsible for planning, requirements, design and development of embedded platform-based algorithms for a Hi-Res 3D Flash LiDAR, in addition to enforcing ADAS process stages to meet ASPICE levels and functional safety. He has also held engineering roles at Tribis, AmpliSine Labs, Missouri S&T and Enigma Portal. Vivek holds an MBA in Information Technology Project Management and a PhD and Masters in Electrical, Electronics and Communications Engineering.

We sat down with Vivek to learn more about the advantages of integrating computer vision at the sensor, building automotive grade LiDAR products, and why he decided to move to the Bay Area.

Q: How much of an autonomous vehicle’s computer vision should be done at the sensor, as opposed to a central processor?
The amount of data produced today by a perception system is enormous. And incorporating all the data from the different kinds of sensors used (like radar, camera, and LiDAR) makes it very difficult and expensive to process and store. In a typical perception system, roughly 80% of the data produced by the sensors is thrown out.

However, intelligent sensors – like what we develop at AEye – are software definable. Meaning, you can adjust its settings to get high resolution data from an object and get sparse data in the background, cutting down the overall amount of data processed by more than 80%. This makes computer vision algorithms at the central processor faster and efficient because once you preprocess data, latency becomes less of an issue. Currently, AV companies are spending a tremendous amount of money storing useless data. Preprocessing saves both time and money.

Q: What is the largest challenge in producing automotive grade LiDAR products?
Industry wide, the greatest challenge is maintaining the quality, reliability, and consistency needed on all components and software that go into a LiDAR sensor of over 100,000 samples or more and over the sensor’s lifetime. Another major challenge for bringing LiDAR products to the automotive market is designing the sensor to fit in different regions of the car. There are a lot of constraints based on where the sensor is placed on the vehicle and certain issues that arise from each placement. For example, a sensor placed behind a windshield might need a completely different design than a sensor that’s placed in the front bumper.

There are many interesting LiDAR architectures out there that work really well at smaller samples and in the lab. But the moment the product needs to scale and deal with all the quality and environmental requirements of being an automotive grade product, they fail. AEye is mitigating these challenges by partnering directly with Tier 1’s who know the process of making large-scale, automotive grade products. In my own experience, I’ve found that once a Tier 1 partners with you, they are extremely supportive because they believe in you, and that proves you are capable of achieving it.

In addition to our partners who help us push the sensor to automotive grade, we have a great functional safety team here at AEye. I came to AEye from a Tier 1, so I know what goes into developing an automotive grade sensor, and the AEye team is made up of people from all over the automotive industry that have great, diverse insight into how to bring a product to market.

Q: You moved to the Bay Area from Santa Barbara. What was it about Silicon Valley that drew you here?
It has always been my dream to come to Silicon Valley – you hear about it so much as the epicenter of technology and innovation. And it’s true: Silicon Valley is at the heart of the autonomous driving industry. All the innovative and novel work happening today in the LiDAR industry is happening here and I did not want to miss my chance to help develop the tools for true autonomy.

Connect with AEye at Sensors Expo! Learn more here.

AEye Team Profile: Vivek Thotla — VentureBeat Says iDAR Is “Built for Speed”AEye Team Profile: Dr. Allan SteinhardtAEye Adds VP of AI and Software to Executive TeamAEye Advisory Board Profile: Scott PfotenhauerThe Future of Autonomous Vehicles: Part II – Blind Technology without Compassion Is RuthlessAEye Advisory Board Profile: Adrian KaehlerAEye Team Profile: Indu VijayanAEye Expands Business Development and Customer Success Team to Support Growing Network of Global Partners and CustomersAEye Sets New Benchmark for LiDAR Range

Drivers may overestimate Tesla Autopilot because of its name, study suggests

Sponsored Links Tesla Tesla’s Autopilot system might have a catchy name, but it may send the wrong message to drivers, according to a study by the Insurance Institute for Highway Safety. A survey the non-profit organization conducted revealed that a lot of people don’t fully comprehend newer cars’ actual level of automation, because their driver-assistance… Continue reading Drivers may overestimate Tesla Autopilot because of its name, study suggests

Statistics – Employment Trends in the EU Auto Industry

The automotive sector provides direct and indirect jobs to 13.8 million Europeans, representing 6.1% of total EU employment. Moreover, 11.4% of all EU manufacturing jobs (some 3.5 million) are in the auto industry. The top five countries for direct automotive manufacturing jobs are: Germany, France, Poland, the UK and Italy. Categories Go to Source

Ford to Deliver Exciting Ford GT Supercar News at Goodwood Festival of Speed

About Ford Motor Company Ford Motor Company is a global company based in Dearborn, Michigan. The company designs, manufactures, markets and services a full line of Ford cars, trucks, SUVs, electrified vehicles and Lincoln luxury vehicles, provides financial services through Ford Motor Credit Company and is pursuing leadership positions in electrification, autonomous vehicles and mobility solutions.… Continue reading Ford to Deliver Exciting Ford GT Supercar News at Goodwood Festival of Speed

French car maker PSA Group opens production plant in Morocco

RABAT, June 20 (Xinhua) — The French car manufacturer PSA Group inaugurated on Thursday a production plant near Morocco's northern coastal city of Kenitra, the Moroccan government said.
“This is the first PSA industrial complex in Morocco and is based on the creation of a complete automotive ecosystem,” Jean-Christophe Quemard, vice president of PSA for the Middle East and North Africa region, told reporters.
With an investment of 560 million euros (632 million U.S. dollars), this plant plans to produce 200,000 car engines and 100,000 cars per year by 2020, he said.
The group expects that 90 percent of the plant's products will be exported, especially to the rest of Africa and the Middle East.
This is Morocco's third automobile production plant. French Renault operates a plant in Casablanca, which manufactures 80,000 cars annually, and another site in the northern city of Tangier which has an annual production of 340,000 cars.

Renault and Nissan end standoff over post-Ghosn governance

Renault announced on Thursday that it had reached an agreement with its partner Nissan on the Japanese carmaker’s governance overhaul, paving the way for the French company to back changes decided in the wake of the Carlos Ghosn scandal.The company’s chairman Jean-Dominique Senard will sit on Nissan’s new appointments committee, and CEO Thierry Bollore will sit on the audit committee.Since then Nissan has accused Renault of having too much weight in the alliance, and of keeping it in the dark over its tie-up plans with Fiat Chrysler (FCA).