Top Automotive Industry News for Week of October 29 – November 4, 2018

Here is the most important news associated with the automotive industry
identified by the AEA for the week October 29, 2018 -November 4, 2018.

We hope it helps you stay up to speed on the key developments in our
industry:

-Automotive Manufacturing News-

Every Mid-Size Luxury Crossover and SUV Ranked from Worst to Best

(Car and Driver)

Faraday Future's Rough Road: Funds Sought As Cofounders Depart, Workers
Furloughed

(Forbes)

Ford could provide a 40% return in the year ahead as restructuring
takes hold, Goldman says

(CNBC)

GM memo: We must cut costs, can't wait to see what happens in industry

(Detroit Free Press)

GM Throws Weight Behind Nationwide Electric-Car Quota

(Cars.com)

GM to offer buyout to some workers in cost-cutting move: DJ

(CNBC)

Jaguar Land Rover undergoes $3.2 billion turnaround plan as sales slump

(autoblog)

Tesla electric vehicles will park themselves in 2019, Elon Musk says

(USA Today)

Tesla’s third-largest shareholder says it’s willing to pump more money
into the company

(CNBC)

The brutal and extreme tests Ram, Ford, Chevy run on trucks

(Detroit Free Press)

US regulators subpoenaed Tesla Model 3 production forecasts, data

(USA Today)

Volvo and Baidu join forces to mass produce self-driving electric cars
in China

(CNBC)

-Automotive Evolution News-

Cadillac cancels its car subscription program after just two years

(autoblog)

Ford, Volkswagen explore driverless venture to challenge Tesla, Waymo

(MarketWatch)

GM is making e-bikes as it expands beyond cars

(autoblog)

Hyundai, Kia Motors to develop new solar charging tech for vehicles

(Reuters)

Uber details why its driverless SUV killed a pedestrian and how it's
working to fix safety problems

(LA Times)

Uber says it's ready to start testing self-driving cars again

(Mashable)

VW and Intel's Mobileye Will Launch Autonomous Ride-Hailing Service In
Israel Next Year

(Forbes)

Waymo Gets California's Okay For Human-Free Driving Tests As Robo-Car
Skepticism Rises

(Forbes)

-Automotive Retail News-

5 hottest-selling U.S. vehicles in October: Tesla, Toyota, Subaru make
the list

(USA Today)

FCA, Honda and VW Lead October Auto Sales

(The Detroit Bureau)

GM Financial: More Loans, Fewer Leases in Q3

(Auto Dealer Monthly)

Luxury car owners trade up for American pickups as Ford, GM and Dodge
trucks dominate market

(CNBC)

New Vehicle Prices Continue to Rise in Fourth Quarter

(The Detroit Bureau)

Rising interest rates and prices hurt October auto sales, with SUVs
still faring better than cars

(USA Today)

Rising interest rates pinch U.S. auto sales, consumer confidence

(Reuters)

Vehicle sales reached 11-month high in October

(MarketWatch)

-Automotive Wholesale News-

Car Depreciation Reaches 10-Month High

(Vehicle Remarketing)

Lane watch: Wintry chill hits wholesale prices

(Auto Remarketing)

-Automotive Ownership News-

A Comfortable Place to Spend 38,000 Hours Behind the Wheel

(The New York Times)

-Automotive Enthusiast News-

140-car collection headed to Mecum’s Las Vegas auction

(ClassicCars)

Here are the most Googled car brands of 2018

(autoblog)

-Automotive Servicing News-

AAA offers free Lyft rides to and from repair shops

(autoblog)

New car safety technology saves lives — but can double the cost of
repairs

(NBC)

Stalling prompts recall of 2019 Jeep Cherokees with 2.4-liter engines

(Detroit Free Press)

Subaru, Toyota recall 165,000 U.S. cars with defect that could lead to
engine stalling

(USA Today)

-General Business & Executive News-

Broadcom makes $1 billion patent claim against Volkswagen: Der Spiegel

(Reuters)

New Autotrader Experience Helps Car Shoppers Accelerate Their Deal, Buy
Faster From The Palm of Their Hands

(PR Newswire)

U.S. Auto Industry's October Surprise

(Forbes)

With $50M investment, AutoNation obtains 7% stake in Vroom

(Auto Remarketing)

-AEA Reminder-

Did we miss something? Let us know via our

Contact Us Page >>

. If you have specific important news going public soon that you would like
to share with your fellow AEA Members, submit your

PR Distribution Request >>

Have a great week,

Member Services

memberservices@automotiveexecutives.com

Automotive Executives Association

www.automotiveexecutives.com

Why we invested in WeTrip – the adventure travel platform

We recently announced our investment in WeTrip (here), building on our previous investments in the adventure travel space. Sam Clifton, Associate at InMotion Ventures, explores why we invested in WeTrip. The anguish was fresh in my memory. Plans for a holiday with a group of friends had just fallen through, on account of too many… Continue reading Why we invested in WeTrip – the adventure travel platform

Top Automotive Industry News for Week of November 5 – November 11, 2018

Here is the most important news associated with the automotive industry
identified by the AEA for the week of November 5, 2018 -November 11, 2018.

We hope it helps you stay up to speed on the key developments in our
industry:

-Automotive Manufacturing News-

First ex-UAW official sentenced in FCA-related scandal; gets 1 year

(Detroit Free Press)

Ford plans construction on Michigan Central Depot by year's end

(Detroit Free Press)

Former Tesla employee charged with embezzling $9.3 million from Elon
Musk's company

(MarketWatch)

Is Toyota Next to Pare Back its Passenger Car Line?

(The Detroit Bureau)

Tesla picks an insider to be chairwoman, fueling doubt Elon Musk will
be reined in

(LA Times)

The gas engine still has a long life to live, Aston Martin CEO says

(CNBC)

VW planning $21K EV to challenge Tesla

(The Detroit News)

VW takes another shot at compact pickup market

(The Detroit News)

White House, California to discuss vehicle emissions rules next week

(autoblog)

Why GM is moving 3,000 workers from Pontiac to Warren

(Detroit Free Press)

-Automotive Evolution News-

8 concept cars that show how technology will dominate the drive of the
future

(CNBC)

Autonomous Cars Face Big Hurdles; They Will Succeed, But When?

(Forbes)

Daimler And Bosch Choose San Jose For Their Silicon Valley Robo-Taxi
Service

(Forbes)

GM's future lineup will run on electricity, drive itself — and fly

(Detroit Free Press)

Mercedes-Benz, Bosch to offer self-driving car rides in San Jose,
California

(USA Today)

Tesla Drivers Report Autopilot Disengaging While Driving Due To
Software Bug

(Forbes)

This Robot Truck Startup May Have An Edge Over Waymo In Bad-Weather
Driving

(Forbes)

Uber rival Taxify says it can grow 100 times bigger in the scooter and
ride-hailing market

(CNBC)

Uber ups its driver perks with 'Pro' program, including free college
education

(USA Today)

-Automotive Retail News-

Better inventory listings, lead management anchor more sales

(Auto Remarketing)

CarGurus Helps Dealerships Solve for Attribution with More Insight

(PR Newswire)

Dealertrack Looks to Speed Car Buying Process

(Auto Finance News)

Jumpstart: Car Buyers Want to Negotiate

(Auto Dealer Monthly)

Lithia and Shift to operate separately and share technology

(Auto Remarketing)

Luxury car owners trade up for American pickups as Ford, GM and Ram
trucks dominate market

(CNBC)

Millennials Spending Big on Cars — With Auto Loans to Match

(The Detroit Bureau)

Used car payments hit record $400 per month as prices top $20,000

(USA Today)

Used-Car Prices Reach 13-Year High in Third Quarter

(Vehicle Remarketing)

Used Vehicle Prices Rising, Pushing Buyers to Look at Leasing

(The Detroit Bureau)

-Automotive Wholesale News-

Compact Van Values Dip at Start of November

(Vehicle Remarketing)

-Automotive Ownership News-

Where your car is most likely to be stolen in every state

(USA Today)

-Automotive Enthusiast News-

Inside the World's Most Valuable Hot Wheels Collection

(Car and Driver)

With millions at stake, car collectors scour Earth for lost classics

(Detroit Free Press)

-Automotive Servicing News-

Mazda to recall 640,000 vehicles globally over diesel engine issue

(Reuters)

Subaru recalls nearly 400K vehicles to fix stalling problems

(Detroit Free Press)

U.S. agency probes 1.7 million GM SUVs over wiper failures

(Reuters)

-General Business & Executive News-

CDK Global Names Brian Krzanich President and Chief Executive Officer

(CDK)

Ford buys electric scooter startup Spin, joining competitors Bird and
Lime

(USA Today)

Harley-Davidson's electric motorcycle signals a big change for the
legendary, but troubled, company

(CNBC)

Tesla’s Booming Model 3 Sales and More This Week In The Future Of Cars

(Wired)

Time Dealer Of The Year

(Automotive News)

VW Considers Investing in Ford-Backed Autonomous Unit Argo

(Bloomberg)

-AEA Reminder-

Did we miss something? Let us know via our

Contact Us Page >>

. If you have specific important news going public soon that you would like
to share with your fellow AEA Members, submit your

PR Distribution Request >>

Have a great week,

Member Services

memberservices@automotiveexecutives.com

Automotive Executives Association

www.automotiveexecutives.com

Elon Musk Is Right: LiDAR Is a Crutch (Sort of.)

By Luis Dussan

Tesla founder Elon Musk recently declared that LiDAR is a “crutch” for autonomous vehicle makers. The comment sparked headlines and raised eyebrows in the industry. Given that this vision technology is the core of many companies’ self-driving car strategies, his view strikes many as anathema or just plain nuts.

But for the moment, let’s ignore the fact that LiDAR is vital to self-driving cars from GM, Toyota and others. Forget that the most advanced autonomous vehicle projects have focused on developing laser-sensing systems.

Even disregard that the alleged theft of LiDAR secrets was at heart of the legal battle between Uber and Alphabet’s Waymo. Waymo claimed that LiDAR is essential technology for autonomous vehicles and won a settlement recently worth about $245 million.

The truth is: Mr. Musk is right. Relying solely on LiDAR can steer autonomous vehicle companies into innovation cul-de-sacs.

LiDAR is not enough. Autonomous vehicles require a rapid, accurate and complete perception system. It is a system-level problem that requires a system-level solution.

My agreement with Mr. Musk may seem surprising given that our company, AEye, sees LiDAR as playing a significant role in making driverless cars a commercial reality.

But we too have realized that if autonomous vehicles are ever going to be capable of avoiding accidents and saving lives, LiDAR is not the answer. At least not by itself.

Not THE answer, but part of the answer…
At Tesla, Mr. Musk is forsaking LiDAR for a 2D camera-based vision system. While Mr. Musk is known for disruptive thinking, it is hard to escape the fact that autonomous vehicles move through a 3D world and successful navigation of that world requires the seamless integration of both 2D and 3D data precisely mapped to both time and space.

At AEye, we believe LiDAR is the foundation of the solution when it seamlessly integrates with a multi-sensor perception system that is truly intelligent and dynamic. Our research has produced an elegant and multi-dimensional visual processing system modeled after the most effective in existence — the human visual cortex.

In fact, AEye’s initial perception system, called iDAR (Intelligent Detection and Ranging), offers a robotic perception system that is more reliable than human vision. LiDAR integrates with a low-light camera, embedded artificial intelligence and at-the-edge processing to enable a car’s vision system to replicate how the human visual cortex quickly interprets a scene.
In short, iDAR enables cars to see like people.

Why this is the superior approach?
In his skepticism of LiDAR, Mr. Musk has curiously bet on a “camera-mostly” strategy when building a vision system for autonomous Tesla vehicles. He has previously made bold (many say unrealistic) predictions that Tesla would achieve full Level 5 autonomous driving with camera-mostly vision in 2019. Navigant Research, in their annual ranking of self-driving vehicle makers, says this is “unlikely to ever be achievable” and rates Tesla at the back of the pack.

The company’s Autopilot system relies on cameras, some radar, and GPS. It has suffered setbacks due to a split with its camera supplier in 2016 after a fatal accident that investigators have blamed partly on Autopilot. Last month, a Tesla smashed into a firetruck in Culver City, California, and the driver said it was “on autopilot.”

The evidence strongly argues against Mr. Musk’s decision to bet on passive optical image processing systems. Existing 2D image processors and 2D to 3D image conversion concepts have serious flaws that can only be addressed with massive computing power and more importantly — algorithms that have not been invented, and are many years away from becoming a reality. This makes this approach too costly, inefficient and cumbersome to achieve Level 5 autonomous driving at commercial scale.

At AEye we know that integrating cameras, agile LiDAR, and AI equals a perception system that is better than the sum of its parts. It surpasses both the human eye and camera alone, which is required if you don’t have the sophistication of the human brain yet replicated.

In his “crutch” comments, Mr. Musk predicted that LiDAR-based systems will make cars “expensive, ugly and unnecessary,” adding: “I think they will find themselves at a competitive disadvantage.” The truth is that size, weight, power, and cost are decreasing for vehicle navigation grade LiDAR. And they will fall further. AEye, and maybe others, will see to that.

We respect Musk’s innovations and are grateful to him shedding light on where LiDAR needs to go to reach full autonomy. But in the end, as we see LiDAR as a lever, rather than a crutch, we can only give him partial credit for his understanding of the way forward.

ALL NEWS & VIEWS
Elon Musk Is Right: LiDAR Is a Crutch (Sort of.) — AEye Introduces Groundbreaking iDAR TechnologyObserve, Orient, Decide, Act: How AEye’s iDAR System Adopts Principles of the OODA Loop to Achieve Intelligent, Long-Range DetectionAEye Introduces Next Generation of Artificial Perception: New Dynamic Vixels™AEye Announces the AE100 Robotic Perception System for Autonomous VehiclesThe Future of Autonomous Vehicles: Part I – Think Like a Robot, Perceive Like a HumanAEye Announces Addition of Aravind Ratnam as Vice President of Product ManagementCB Insights Unveils Second Annual AI 100 Companies at A-ha!AEye Granted Foundational Patents For Core Solid-State MEMs-Based Agile LiDAR And Embedded AI TechnologyGartner Names AEye Cool Vendor in AI for Computer VisionAEye Welcomes James Robnett to Executive Team as Vice President of Automotive Business Development

SEAT named leader in digital transformation by Financial Times study

SEAT named leader in digital transformation by Financial Times study

The report by the Financial Times singles out 100 leading European companies in the field of digitalisation
The selected companies stand out for their ability to adapt to new technologies in an innovative way
SEAT, recognised for tackling digital challenges in manufacturing

MARTORELL, 23-Nov-2018 — /EuropaWire/ — SEAT has been acknowledged as a leader in digital transformation by a study carried out by the prestigious British daily the Financial Times. This publication, together with Google, Nesta and The Innovation Foundation, selected 100 organisations, people and companies from 4,000 entries, that are spearheading digital transformation in Europe, a key factor in economic growth, job creation and entering new markets. In recognising SEAT, the Financial Times cited the Company’s open innovation programme at its flagship plant in Martorell, to help tackle digital challenges in manufacturing.

SEAT President Luca de Meo stated that “digitalisation is a strategic priority. SEAT is one of the companies that invests the most in R&D in Spain, and has concentrated its efforts on developing new technologies in order to boost productivity and diversify its business. We are working on becoming a benchmark in future mobility. Having been selected by the Financial Times as one of the 100 leading European companies in digital transformation is a significant recognition of the efforts made by the company and the entire team.”

Industry 4.0, key to SEAT’s digitalisation

SEAT is promoting an ambitious transformation process whereby all of its production activities are being adapted to the digital environment with the most disruptive technologies on the market. The Spanish carmaker is developing and applying digital tools and solutions aimed at vehicle production that enable the company to gain in efficiency, flexibility and agility. For example, by implementing artificial intelligence, the use of collaborative robots as well as virtual reality and big data in the Martorell factory to revolutionise vehicle design and production.

Furthermore, SEAT has a biomechanical laboratory which stands out for its contribution to developing more ergonomic workstations. This one-of-a-kind facility in Spain features more than 20 cameras that process workers’ musculoskeletal characteristics in 3D with the aim of preventing pathologies resulting from the production process as well as improving rehabilitation in the event of injuries. In addition, SEAT has implemented training programmes using an innovative method that explains industrial transformation in a way that is easy, interactive and digital. Since the programme began, more than 2.500 employees have attended the courses.

Designing future mobility

In the framework of the Easy Mobility strategy, SEAT’s goal is to build a portfolio of products and services to offer customers new urban mobility solutions. In this sense, SEAT created Metropolis:Lab Barcelona in 2017, a centre of excellence dedicated to researching and developing new urban mobility solutions which is integrated in the Volkswagen Group’s IT Lab network. This year the company launched XMOBA to test and commercialise mobility services. In addition, SEAT acquired Respiro, a pioneering hourly car sharing service in Spain.

Last week at the Smart City Expo World Congress, SEAT presented its latest developments that will contribute to boosting its global transition towards smarter, more sustainable mobility. The initiatives developed by the SEAT Metropolis:Lab include ride-sharing and Bus on Demand, which XMOBA is going to roll out as a pilot test in 2019. Other novelties included the evolution of the SEAT Cristobal concept car, now with 5G technology; the new socially responsible navigation project together with Waze and the Barcelona City Council; and the brand’s first vehicle in its urban micromobility strategy, the SEAT eXS powered by Segway.

SEAT Communications

Cristina Vall-Losada
Head of Corporate Communications
T / +34 93 708 53 78
M/ +34 646 295 296
cristina.vall-llosada@seat.es

Aurora Vidal
International Corporate Communications
T / +34 93 708 40 05
M/ +34 608 483 266
aurora.vidal@seat.es

SOURCE: SEAT, S.A.

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Self-Driving Trucks Will Transport Limestone in a Norwegian Mine

Rock Carriers An often-overlooked use for autonomous driving technology is in industrial applications, where raw materials have to be shipped from point A to point B. In what automaker Volvo calls its “first commercial autonomous solution transporting limestone from an open pit mine to a nearby port,” six existing autonomous trucks will be upgraded with sophisticated… Continue reading Self-Driving Trucks Will Transport Limestone in a Norwegian Mine

Ford hits the road in Miami, in a big bet on autonomous vehicles, ride sharing and delivery services

Ford's autonomous vehicle fleet
10:04 AM ET Fri, 16 Nov 2018 | 02:45

Ford is road testing its autonomous vehicles in partnership with the city of Miami, as the legacy automaker hopes to capitalize on the emerging technology in ride-share and business delivery.

The automaker has been testing a Ford Fusion equipped with autonomous vehicle tech, or AV, in Miami since February. It chose the city because of its congestion and the unpredictability of the traffic there. Tests are also being done in three other cities: Pittsburgh, Detroit and Washington, D.C.

Ford has said it plans to begin selling self-driving cars by 2021, but it is also testing out ways it can use these vehicles to carry people and things. Sherif Marakby, CEO of Ford Autonomous Vehicles, told CNBC the company is focused on profitability and scalability.

“We're laser focused on profitability,” said Marakby, who said autonomous vehicles provide transportation at a lower cost than current vehicles. “While the vehicle is expensive, initially we're deploying it in service so the cost per mile for transportation for a person or a business is going to be lower and will be profitable for us,” he said.

Ford has said it plans to invest a total of $4 billion into AV technology through 2023.

On Wednesday, the company announced a partnership with Walmart and Postmates to collaborate on a delivery service that will one day use autonomous vehicles.

During a test ride with CNBC, Ford used a car that was autonomous, however, it did travel along a predetermined and pre-programmed route. Ford also manned the vehicle with a safety driver, whose hands hovered over the wheel, which the company said was a “precaution.”

Source: Ford
Ford AV Argo autonomous vehicle test car

Waymo, the self-driving car unit of Alphabet, will launch its first AV service by the end of the year and expects to attract business customers. General Motors' Cruise says it will have an autonomous ride-share service by next year.

Some analysts have said Ford is lagging behind in self-driving technology, but Marakby pushed back on that notion.

“I want investors and I want everyone to know that we are developing an autonomous vehicle service that means a whole lot more than the car,” Marakby said. “What that means is … when we launch these cars it's not just going to be the car. It's going to be an app. It's going to be the cloud … The autonomous car will know where to go when someone orders it.”

Ford is phasing out its manufacturing of most cars and increasing production of trucks and SUVs. Marakby said Ford's ride-share vehicle will be designed for that business.

“We feel that what we're building is an autonomous vehicle mobility service and we think the future is going to continue to have more and more of these transportation methods,” he said.

WATCH: Ford is using bionic suits to help employees work safer

Ford is using bionic suits to help employees work safer
6:24 PM ET Fri, 20 April 2018 | 02:20

A Waymo self-driving car sent a motorcyclist to the hospital — but the human driver was at fault

Human error is to blame in the case of a Waymo autonomous car side-swiping a motorcycle in California, the company says, in an accident that sent the rider to the hospital last month. The incident occurred on October 19 near the company’s Mountain View headquarters, according to the official state accident report, when a car… Continue reading A Waymo self-driving car sent a motorcyclist to the hospital — but the human driver was at fault

SEAT rolls out Amazon Alexa in Spain, Italy and France

SEAT, the first automotive brand in Europe to roll out Amazon Alexa, Amazon’s cloud-based voice service, launches today the service in Spanish and Italian, and in French as of Monday November 12th, giving customers access to a host of functions accessible through simple voice commands. As our lives become increasingly busy, bringing Amazon Alexa into… Continue reading SEAT rolls out Amazon Alexa in Spain, Italy and France