UPDATE 2-Fiat Chrysler paid $77 mln in U.S. fuel economy penalties in 2018

WASHINGTON (Reuters) – Fiat Chrysler Automobiles NV told Reuters on Thursday it paid $77 million in U.S. civil penalties late last year for failing to meet 2016 model year fuel economy requirements, the first significant sign the industry is facing hurdles meeting rising emissions rules. FILE PHOTO: A Fiat Chrysler Automobiles (FCA) sign is seen… Continue reading UPDATE 2-Fiat Chrysler paid $77 mln in U.S. fuel economy penalties in 2018

GM’s incentive plan for Cruise chief points to IPO: SEC filing – Reuters

DETROIT (Reuters) – General Motors Co on Wednesday outlined an incentive plan for the head of its self-driving car unit that points the way toward a possible initial public offering for the business. FILE PHOTO: General Motors President Dan Ammann speaks during GM’s press conference at the North American International Auto Show in Detroit, Michigan,… Continue reading GM’s incentive plan for Cruise chief points to IPO: SEC filing – Reuters

Addressing Health and Wellbeing Through Better Transportation

Since 2016, Lyft has been focused on reimagining the way healthcare organizations and their patients get around. Every year, over 3.6 million people can’t get the care they need due to a lack of transportation — an issue we are uniquely positioned to address through our work with leading organizations across the healthcare ecosystem and… Continue reading Addressing Health and Wellbeing Through Better Transportation

UPDATE 1-Ford investing $1 bln, adding 500 jobs in Chicago

The Ford logo is seen at the North American International Auto Show in Detroit, Michigan, U.S., January 15, 2019. REUTERS/Brendan McDermid WASHINGTON (Reuters) – Ford Motor Co said on Thursday it is investing more than $1 billion in its Chicago operations and adding 500 jobs as it prepares to launch three new SUVs this year.… Continue reading UPDATE 1-Ford investing $1 bln, adding 500 jobs in Chicago

Amazon just invested in self-driving car company Aurora

Leonard Ortiz | Digital First Media | Getty Images
Jeff Bezos, founder and CEO of Amazon, speaks to a group of Amazon employees that are veterans during an Amazon Veterans Day celebration, to honor the Warriors@Amazon, a group of employees who have served in the military and their spouses, in an event outside a hanger at the Long Beach Airport in Long Beach on Monday, November 12, 2018. The event included the unveiling Amazon's 40th airplane named Valor in honor of the group. (Photo by Leonard Ortiz/Digital First Media/Orange County Register via Getty Images)

Self-driving car startup Aurora announced on Thursday that it has raised more than $530 million in funding, from investors including Amazon, Sequoia and the investment arm of energy giant Shell.

“This funding and partnership will accelerate our mission of delivering the benefits of self-driving technology safely, quickly, and broadly,” Aurora said. Aurora's management has a lot of experience in the automotive industry.

The company's CEO and co-founder Chris Urmson is the former CTO of self-driving cars at Alphabet, which owns the autonomous vehicle firm Waymo. Co-founder and chief product officer Sterling Anderson led the design and launch of the Tesla Model X, according to Aurora's website. Drew Bagnell, Aurora's chief technology officer and co-founder helped found Uber's Advanced Technology Center.

“We are always looking to invest in innovative, customer-obsessed companies, and Aurora is just that,” Amazon told CNBC in a statement. “Autonomous technology has the potential to help make the jobs of our employees and partners safer and more productive, whether it's in a fulfillment center or on the road, and we're excited about the possibilities.”

The Wall Street Journal said last year that Amazon has a team dedicated to building autonomous vehicle technology. Amazon also announced a partnership with Toyota last year that will help Amazon explore ways to use self-driving cars to deliver food. Earlier this week, CNBC reported that Amazon is already hauling cargo in self-driving trucks developed by Embark.

Rather than manufacturing its own vehicles, Aurora is working with incumbents like VW and Hyundai, as well as Byton in China, to develop self-driving cars. It competes with Waymo, other venture backed autonomous vehicle start-ups like Zoox, and self-driving companies that were acquired by Ford and GM, Argo.AI and Cruise, respectively.

Neither Amazon nor Aurora revealed just how much of the new funding round came from Amazon. The e-commerce titan's investment in Aurora follows its addition of risk language in its 10K filings, that Amazon views “transportation and logistics services” as competition.

Amazon's delivery costs exceeded $27 billion in 2018. Using advanced driver-assistive technology, or fully self-driving vehicles, could help it curb delivery costs.

-CNBC's Deirdre Bosa and Lora Kolodny contributed to this report.

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Amazon Echo is a key part of company's future, says NYT columnist
12:16 PM ET Fri, 1 Feb 2019 | 04:19

GM electric vehicles could be profitable early next decade, says CEO

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Cadillac electric crossover SUV based on GM BEV3 modular platform
Incentives, credits, and compliance schemes can only get the electric vehicle market so far. The real test of its success will be when large, established automakers can get to a point when they can call them profitable.

On Wednesday, on a call with analysts to discuss the company’s fourth-quarter 2018 financial results, GM CEO Mary Barra said that’s a distinction could come in the early 2020s.

DON'T MISS: GM to launch two new electric vehicles within 18 months, 20 by 2023

While Barra deflected a question about GM’s potential electric-pickup project, she pointed to GM’s battery-development partnership with Honda and its strong position in China. “So I think we’re in a good position, driving our cell costs down,” she said.

Cadillac electric crossover SUV based on GM BEV3 modular platform

Although other vehicles are still due to take advantage of the platform used for the Chevrolet Bolt EV, the first profitable electric vehicle from GM may have a Cadillac badge. GM revealed earlier this year that, with a vehicle to launch around 2022, Cadillac will be the “vanguard” brand for a completely new electric-vehicle architecture termed BEV3.

CHECK OUT: GM, Honda partner on next-generation electric-car batteries

In 2017, Barra called GM’s pivot toward EVs, autonomous-vehicle tech, and changing ideas about mobility “the biggest business opportunity since the creation of the internet.” At that time, Barra’s comments signaled a goal of profitability by 2021.

The company, which reported positive financial results for 2018 and for the most recent quarter, announced a massive restructuring in November, affecting thousands of manufacturing related cuts and five assembly plants at least temporarily shut down. It this week confirmed that 4,000 white-collar jobs are affected by this.

READ MORE: GM promises it can make money on all-electric cars by 2021

Barra reiterated yesterday that GM believes in an all-EV future, and noted that the company is being repositioned “from one that was trying to be all things to all people in all markets to a very strategic, agile, and profitable company.”
“We are intent on reinventing personal transportation, capitalizing on a trillion-dollar opportunity, while making the world safer, better, and more sustainable,” said Barra.

Startup Aurora gets $530 mln boost to build self-driving cars

SAN FRANCISCO, Feb 7 (Reuters) – Self-driving car startup Aurora has raised more than $530 million in fresh funding, bucking recent skepticism by investors and industry players that autonomous vehicle technology has been overhyped. Autonomous driving is one of the most capital intensive startup businesses, and such a large sum of money is critical for… Continue reading Startup Aurora gets $530 mln boost to build self-driving cars

Fiat Chrysler shares tumble as 2019 guidance disappoints

MILAN (Reuters) – Fiat Chrysler (FCA) shares fell 11 percent on Thursday after weaker-than-expected guidance for profits and industrial free cash flow this year raised doubts about the Italian-American carmaker’s longer-term targets. FILE PHOTO: A Fiat Chrysler Automobiles (FCA) sign is seen at its U.S. headquarters in Auburn Hills, Michigan, U.S. May 25, 2018. REUTERS/Rebecca… Continue reading Fiat Chrysler shares tumble as 2019 guidance disappoints

Toyota debuts new Tacoma to protect its crown as No. 1 midsize pickup from encroaching US rivals

Source: Toyota
2020 Toyota Tacoma TRD Off-Road

The pickup wars are spreading.

Toyota refreshed its best-selling Tacoma mid-size pickup trucks with Apple Car Play, larger touch screens and other features drivers have come to expect in today's utility vehicles, the company said Thursday. The Japanese automaker's move comes as American automakers — not content to rule the full-size segment —release smaller trucks that threaten the one category where Toyota has managed to hold its own with the Big 3 in Detroit.

Source: Toyota
2020 Toyota Tacoma Limited

The Tacoma has led the mid-size pickup segment in sales in the U.S. for the last 14 years, and the company is anxious to hold onto that crown. Ford just brought back the Ranger mid-size pickup truck, and Chevrolet has been successful with its Colorado.

Even Jeep is getting into action. Fiat Chrysler's brand known mostly for sport utility vehicles launched the Gladiator pickup at the Los Angeles Auto Show late last year. As the historical leader in the segment, Toyota has the most to lose.

The good news is this segment is growing overall, as the broader market turns toward utility vehicles. Mid-size pickup sales are expected to grow from about 3 percent of the total market in 2018 to 4 percent by 2021, according to data from LMC Automotive, a firm that tracks the auto industry.

Source: Toyota
2020 Toyota Tacoma Limited

The number of models is also expected to grow, reversing a multi-year pullback in the segment. In 2010, there were 11 mid-size pickup trucks to choose from, according to LMC. But there were only five models from 2014 to 2018. But again, by 2021, that is expected to more than double again back to a total of 11.

Source: Toyota
2020 Toyota Tacoma TRD Off Road

Toyota's refresh is not a dramatic redesign, said IHS Markit analyst Stephanie Brinley. But it's adding some key upgrades, such as an improved infotainment systems with Apple Car Play, and a few other features that customers have come to expect in new vehicles. A larger touchscreen in the truck's console will come standard on every model. Each trim level will come with upgrades specific to that variant, such as new grille designs and new headlights and taillights.

Source: Toyota
2020 Toyota Tacoma TRD Pro

In addition to overhauling the Tacoma, Toyota is beefing up its TRD Pro off-road racing lineup, adding a TRD Pro version of its three-row Sequoia sport utility vehicle. Toyota already makes TRD Pro versions of its Tacoma and Tundra pickups and its 4Runner SUV.

Source: Toyota
2020 Toyota Tacoma TRD Pro

Off-road and sporty on-road variants of pickup trucks and SUVs have been around for a long time, but automakers seem to be beefing up their selection of packages and options. Automakers are looking to leverage the shift to trucks and SUVS as an opportunity to find new ways to package features and capabilities to net a few more customers wherever they can.

“Every type of vehicle, every capability, every price point is looking to be exploited,” Schuster said. “It is a fight for customers and a fight for market share.”

AAA confirms what Tesla, BMW, Nissan electric car owners suspected — cold weather saps EV range

Source: YouTube
A Tesla Model 3 in the snow.

Hoping to increase the appeal of their battery-electric vehicles, automakers have begun rolling out an assortment of “long-range” models, such as the Tesla Model 3, Chevrolet Bolt EV, Jaguar I-Pace and Nissan Leaf Plus.

Under ideal conditions, these products can deliver more than 200 miles per charge and, in some cases, even 300. But as many owners discovered last week as winter storms slammed much of the country, cold weather conditions do not qualify as “ideal.” A new AAA study finds that when the thermometer drops to 20 degrees Fahrenheit, range falls by an average of 41 percent on the five models it tested.

“We found that the impact of temperature on EVs is significantly more than we expected,” said Greg Brannon, AAA's director of Automotive Engineering.”

Some EV drivers — including this correspondent — recently found that range can drop by half when the mercury tumbled into negative territory. But the AAA study appears to be the first to have used standard, repeatable methodology to confirm the problem and compare the effect of winter temperatures on different models.

Chesnot | Getty Images
Visitors look at a BMW i3 electric automobile during the Paris Motor Show on October 14, 2014 in Paris, France

There were several surprises that emerged from the research, according to Brannon, starting with the fact that the impact on range was pretty much uniform among all five of the battery-electric vehicles AAA tested: the BMW i3s, the Chevrolet Bolt EV, the Nissan Leaf, the Tesla Model S and the Volkswagen e-Golf.

“It's something all automakers are going to have to deal with as they push for further EV deployment because it's something that could surprise consumers,” said Brannon.

Different factors can affect the loss of range, he and other experts have noted. Simply turning on the electric vehicles, or EVs, AAA studied in 20 degree weather revealed a 12 percent loss in range. On a vehicle like the Chevy Bolt, with an EPA rating of 238 miles per charge, that would drop range to 209 miles. But that part of the test assumed operating the vehicle with neither cabin heat or even seat-heaters turned on.

Using climate control revealed an even bigger surprise, according to Brannon, as range dipped by an average 41 percent — which would bring an EV like the Bolt down to just 140 miles of range.

The problem is that unlike a car with an internal combustion engine that can warm the cabin with waste heat, EVs have to tape into their batteries to power the climate control system.

Part of the problem, said the AAA director, is that “lithium-ion batteries like the same sort of temperatures that we do, around 70 degrees.”

Andy Cross | The Denver Post | Getty Images

Much below that and the chemistry used to store energy runs into various problems. Among other things, battery components develop increased resistance that limits how much power they can hold, as well as how fast a battery pack can be charged or discharged, explained Timothy Grewe, chief enginer for electric propulsion systems at General Motors.

Grewe has experienced sharp reductions in the range of his own Chevy Bolt, but he also said there are ways to limit the impact of cold weather. That includes storing a battery car in a garage, preferably one that's heated. And wherever it is parked, it helps to keep the EV plugged in. Onboard electronics will prevent overcharging. But many battery vehicles are programmed to use some of the energy from the grid to keep the battery pack warm, improving its efficiency.

Motorists are also advised to “pre-condition” their EVs, both Grewe and Brannon agreed. That means heating up the cabin while still connected to the grid, rather than drawing energy from the battery pack. Most new battery-electric vehicles have custom smartphone apps that allow a driver to switch on cabin heat remotely when plugged in. Commuters can even pre-program the system to automatically start at a particular time of day.

Josh Lefkowitz | Getty Images
The Chevrolet Bolt EV is displayed during the Los Angeles Auto Show at the Los Angeles Convention Center on November 20, 2016 in Los Angeles, California.

While cold weather is especially hard on a BEV's range, batteries don't like hot weather, either, said Brannon, noting that, “Much like when it's cold, in hot weather EVs suffer some decrease in range, but not as much as in the cold.”

The AAA study found range fell 4 percent from EPA numbers at 95 degrees. But, again, that number was assuming the motorist didn't mind sweating. Turn the climate control system down to 70 degrees, AAA found and range fell by 17 percent.

One thing that EVs and conventional vehicles have in common is that energy efficiency — whether measured by range or miles per gallon — can be affected by a variety of factors. These can include your driving style, as well as the terrain.

Do a lot of hill climbing and you're going to waste energy. EVs, however, are especially sensitive to any accessory drawing power, whether the car's climate control or even headlights, meaning that driving at night, whatever the weather, will hurt range.