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Tag: GM
The game of alliances is set up in the autonomous car
Who will win the race for the autonomous car? The car manufacturers multiply in any case the alliances, to give themselves the best chance of one day reaching the finish line. Thursday, Toyota unveiled the creation of a joint venture with SoftBank to develop his “e-pallet”, a sort of wagon capable of making deliveries without… Continue reading The game of alliances is set up in the autonomous car
Despite Higher Upfront Costs, Electric Cars Can Save Money Over Time
DRIVING AN EV CAN PUT CASH BACK INTO AN OWNER’S WALLET IN THE LONG RUN. Despite having higher sticker prices than comparable conventionally-powered models, owning an electric vehicle can still save an owner money over time. For starters, the cost to run an electric vehicle can be considerably less than fueling a gas-powered ride. On… Continue reading Despite Higher Upfront Costs, Electric Cars Can Save Money Over Time
Cadillac beats Tesla as best partially self-driving system, Consumer Reports says
Original Article
Secretive robot-car maker Zoox opens up
As the self-driving car navigated the narrow, winding streets leading to San Francisco’s Coit Tower, Jesse Levinson narrated from the back seat like a proud parent. “Isn’t that cool, how we slowed down for that person and then nudged around him?” said the chief technology officer of self-driving startup Zoox. “See how steep this street… Continue reading Secretive robot-car maker Zoox opens up
Japan’s Toyota and SoftBank to form joint venture for new mobility services
Japanese automaker Toyota and tech giant SoftBank announced Thursday that they are forming a joint venture by April 2019 that will use data to optimize supply and demand in the transportation space.
The company, called Monet Technologies, will coordinate between Toyota's information infrastructure for connected vehicles and SoftBank's so-called Internet of Things platform that collects and analyses data from smartphones and sensors, the Japanese corporations said in a joint statement.
In the first phase, Monet plans to roll out just-in-time vehicle dispatch services for Japanese public agencies and private companies to meet user demand. Those services include on-demand transportation and corporate shuttles.
By the second half of the 2020s, the joint venture will roll out an on-demand mobility service that will use Toyota's self-driving, battery-operated electric vehicle called e-Palette for various purposes. They include meal deliveries, where the food is being prepared inside the vehicle, hospital shuttles that can conduct medical examinations on board and mobile offices.
Monet will roll out its mobility services in Japan before focusing on future expansion on the global market.
Toyota launched plans for the so-called e-Palette earlier this year and described the concept as a “fully-automated, next generation battery electric vehicle” that can be customized and scaled for various mobility services.
The companies said that the joint venture will start at 2 billion yen ($17.49 million), and will be increased to 10 billion yen in future. They did not specify a timeline.
SoftBank will own 50.25 percent of the joint venture while Toyota will take 49.75 percent. SoftBank Corp representative director and CTO, Junichi Miyakawa, will be president and CEO of the new joint venture.
That news came after Toyota's rival Honda said it was taking a stake in General Motors subsidiary Cruise Holdings as part of a plan for the two automakers to work together and build an autonomous vehicle. Honda will invest $2.75 billion over the next 12 years, which includes paying GM $750 million immediately as it takes a 5.7 percent stake in Cruise Holdings.
Both Toyota and SoftBank are separately developing technologies that are used in self-driving cars and related services.
The two companies have also invested in major ride-hailing firms: Toyota is invested in Uber and Grab while SoftBank backs both firms as well as China's Didi Chuxing.
Automakers around the world are making multibillion-dollar investments and creating long-range plans for rolling out autonomous vehicles. Many of them are teaming up with other companies to share risks, technologies and expensesassociated with building self-driving cars since it will take time before those vehicles can be mass-produced and sold for a profit.
Many analysts think the widespread adoption of self-driving cars will start to pick up in 2021 or 2022.
— CNBC's Phil LeBeau contributed to this report.
UPDATE 2-Toyota, SoftBank to team up in self-driving and other technology -sources
TOKYO (Reuters) – Toyota Motor Corp (7203.T) and SoftBank Group Corp (9984.T) will announce a partnership on automated driving and other technology on Thursday, sources with knowledge of the matter told Reuters. FILE PHOTO: The Toyota logo is seen during the first press day of the Paris auto show, in Paris, France, October 2, 2018.… Continue reading UPDATE 2-Toyota, SoftBank to team up in self-driving and other technology -sources
Ex-GM CEO Says Conglomerates No Longer Work
Ex-GM CEO Says Conglomerates No Longer Work BloombergFull coverage Go to Source
GM’s Cruise scores $750 million investment from Honda, teases new autonomous vehicle
As we have been discussing for a while, we are seeing more consolidation within the auto industry when it comes to autonomous driving technology as automakers are trying to bet on the right horse. In the latest example of that consolidation, Honda is betting on GM’s cruise to build autonomous vehicles. GM’s subsidiary, Cruise automation, scored… Continue reading GM’s Cruise scores $750 million investment from Honda, teases new autonomous vehicle
Chevy Bolt EV sales are slumping in the US, GM says production going to Canada and South Korea
GM is scheduled to increase production of the Chevy Bolt EV by the end of the year, but sales are slumping in the US in the meantime. The automaker says that it is because they are focusing production for other markets. Like Tesla, GM decided to stop giving monthly sale numbers and only release quarterly… Continue reading Chevy Bolt EV sales are slumping in the US, GM says production going to Canada and South Korea