Geely Mulls $1.9 Billion Revival Plan for Lotus Cars

LISTEN TO ARTICLE SHARE THIS ARTICLE The Chinese owner of Lotus Cars is considering an investment of at least 1.5 billion pounds ($1.9 billion) to revive the iconic British brand featured in James Bond movies, according to people familiar with the matter. Zhejiang Geely Holding Group Co., which also controls Volvo Car Group, plans to… Continue reading Geely Mulls $1.9 Billion Revival Plan for Lotus Cars

Musk tweet sparks debate on Tesla leadership

As a corporate governance expert, Atkins also sits on the board of at least four public companies, including Cognizant, Wynn Resorts, SL Green Realty and Schneider Electric, as well as the privately held Volvo Cars. “Tesla’s board knows they have a rogue CEO. Why aren’t they doing more?” Atkins said Wednesday on CNBC’s “Squawk on… Continue reading Musk tweet sparks debate on Tesla leadership

  Insurance Institute Spots Problems in Driver Assistance Systems 8 Aug

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Adaptive Cruise Control and Traffic-Jam Assistants

Electronic safety systems in today’s vehicles don’t always measure up to claims made for them, says a report published Tuesday by the Insurance Institute for Highway Safety (IIHS), a nonprofit supported by auto insurers.

“We zeroed in on situations our staff have identified as areas of concern during test drives with Level 2 systems, then used that feedback to develop road and track scenarios to compare vehicles,” IIHS senior engineer Jessica Jermakian said, according to the report.

Level 2 autonomy employs advanced driver assistance systems (ADAS), which as the phrase implies are meant to help drivers, not replace them. A Level 2 car has the two functions of lane keeping and adaptive cruise control, a feature that maintains a safe distance from the car in front.

The Insurance Institute isn’t yet at the point of ranking Level 2 systems for safety, although it does say that all of the five cars it has just tested have excellent emergency braking systems. That function is the sole criterion for Level 1 autonomy.

The tested cars were the 2017 BMW 5-series with Driving Assistant Plus; the 2017 Mercedes-Benz E-Class with Drive Pilot; the 2016 Model S and the 2018 Tesla Model 3 with Autopilot (using different software versions); and the 2018 Volvo S90 with Pilot Assist.

When starting at a speed of 50 kilometers per hour (31 mph) and with the adaptive cruise control turned off, the two Teslas were not able to brake in time to completely avoid hitting an obstacle. The other cars were able to stop well short of the obstacle. With the adaptive cruise control turned on, all the cars stopped in time.

When set to follow a lead vehicle that first slowed and then stopped, all five cars were able to keep their distance and to stop in time. When the lead vehicle moved out of the way to reveal a stopped vehicle in the lane, all five cars were able to avoid hitting it.

So far, so good. But these tests were conducted on the track; in traffic, things weren’t always so smooth. Engineers found that all of the cars except the Tesla 3 would sometimes be baffled by a stopped car. And even the Tesla 3 had a problem: excessively cautious braking.

“In 180 miles, the car unexpectedly slowed down 12 times, seven of which coincided with tree shadows on the road,” the report recounts. “The others were for oncoming vehicles in another lane or vehicles crossing the road far ahead.”

Such braking isn’t dangerous, the researchers note, but it could be annoying enough to induce drivers to turn off the adaptive cruise control. They’d then give up the safety edge that the function normally provides.

As for the other Level 2 function—keeping to the right lane—all the cars had a little trouble. In one set of tests, only the Tesla 3 consistently stayed within its lane; other models sometimes oversteered enough to require that the driver intervene. But in another set of tests, on hilly roads, even the Tesla 3 sometimes required the driver to intervene.

The Insurance Institute says that though lane keeping is a somewhat less potent safety function than adaptive cruise control, it could—if properly implemented—prevent 8,000 deaths a year.

No need to buy a Cadillac, Mercedes-Benz or Volvo when you can simply subscribe

In a world awash in hassles, this seemed like a dream come true. A near-new Cadillac delivered to your home, office or wherever else you’d like. No insurance or maintenance to worry about. If there are issues, a “concierge” is an email or phone call away. Grow tired of the car? Just go to the… Continue reading No need to buy a Cadillac, Mercedes-Benz or Volvo when you
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New Geely platform to spawn sedan and crossover

Geely Auto Group has confirmed that two new forthcoming models will utilise its BMA global architecture, which it revealed to the world yesterday. The China-based automotive manufacturer says its latest compact sedan, the Bin Rui, and a crossover SUV code-named SX11, will be the first two models produced on the BMA platform. The Bin Rui… Continue reading New Geely platform to spawn sedan and crossover

Geely BMA modular platform – more details released

Geely has released more details of its B-segment Modular Architecture (BMA), its first modular platform designed fully in-house. The Chinese conglomerate says that BMA shares the flexibility and scalability of the larger Compact Modular Architecture (CMA), which was developed in partnership with Volvo. Developed over four years with nearly 100 modular architecture experts from over… Continue reading Geely BMA modular platform – more details released

Uber self-driving cars back on public roads, but in manual mode

Uber is putting its autonomous vehicles back on Pittsburgh’s city streets, four months after a fatal accident involving one of its self-driving cars prompted the ride-hailing company to halt testing on public roads. But for now, Uber’s modified self-driving Volvo XC90 vehicles will only be driven manually by humans and under a new set of safety… Continue reading Uber self-driving cars back on public roads, but in manual mode

Geely-owned Volvo’s IPO sees lower valuations in initial investor feedback

July 24, 2018 Initial investor feedback has valued Volvo Cars far below owner Zhejiang Geely Holding Group Co.’s top-end estimates for a potential listing, people familiar with the matter said. Institutional investors have indicated the Swedish carmaker is worth about $12 billion to $18 billion in early meetings to discuss an initial public offering, the… Continue reading Geely-owned Volvo’s IPO sees lower valuations in initial investor feedback

Robot Truck Upstart Embark Hauls In $30 Million To Take On Waymo And Uber

Embark co-founders Alex Rodrigues, left, and Brandon Moak with their fleet of autonomous semi-trucks at the startup’s operations center in Ontario, California. Embark Trucks What makes a couple of brash 22-year-old entrepreneurs think they can take on Waymo, the clear leader in self-driving vehicle technology, when it comes to putting autonomous trucks on the road? … Continue reading Robot Truck Upstart Embark Hauls In $30 Million To Take On Waymo And Uber