VW CEO says German carmakers have only 50 percent chance of staying ahead

FRANKFURT (Reuters) – Germany’s carmakers only have a 50 percent chance of surviving as leading players in the auto industry unless they transform to meet new regulations and adapt their supply chains, Volkswagen (VOWG_p.DE) Chief Executive Herbert Diess said on Tuesday. FILE PHOTO: Herbert Diess, Volkswagen’s new CEO, speaks during the Volkswagen Group’s annual general… Continue reading VW CEO says German carmakers have only 50 percent chance of staying ahead

Ford sales in China dropped 43 percent in September

JOHANNES EISELE | AFP | Getty Images
The Ford Mustang is displayed during the 17th Shanghai International Automobile Industry Exhibition in Shanghai.

Ford's sales in China dropped 43 percent in September from the same month a year earlier, a sign that sales are slowing in the world's largest car market.

This is the third straight month of declining auto sales in China.

The second-largest U.S. automaker has been hit by the ongoing trade war between the U.S. and China, despite the fact that Ford sells cars in China through partnerships with local firms.

Ford shares are down nearly 30 percent since the beginning of the year. The stock hit a 52-week low of $8.57 in trading Friday.

“We are intensely focused on our sales turnaround plan in China, which includes an aggressive cadence of product introductions to meet the needs of our Chinese customers, including the launch of the highly anticipated all-new Ford Focus,” said Peter Fleet, president of Ford Asia Pacific and chairman & CEO of Ford China, in a statement. “We believe the new products, which have been custom-designed and developed with Chinese customers in mind, will help us to regain momentum in the world's largest auto market.”

Auto sales are down across the board in China, said Michael Dunne, president of ZoZo Go, an investment advisory firm that follows Chinese autonomous and electrified vehicle companies. This is the first sustained downturn Dunne has seen since the Asian financial crisis in the late 1990s, he said.

There are three major factors driving this decline in demand. The first is a crackdown on certain types of peer-to-peer lending practices in China, a feature of the Chinese financial system that has typically allowed less wealthy Chinese to borrow money at rates better than what banks are offering.

The second is a general cautiousness among Chinese consumers that has emerged recently.

“When times are good, the Chinese are really bullish and bold,” he said. “But when times are uncertain they become exceptionally conservative.”

There is a particular mentality that can take hold among Chinese consumers that is more pronounced than the lack of consumer confidence seen in the United States, for example. “And it is contagious,” he added.

Finally, there is the trade war with the U.S., which has exacerbated the uncertainty many Chinese feel from the overall economic slowdown.

Ford has unique problems in China, Dunne said. The automaker has not brought new products to market for more than a year, and Chinese consumers have sought cars elsewhere. Ford is expected to bring new products to China in the next few months, he said.

Ford was not immediately available for comment.

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Uber Wants To Deliver Groceries, But There Is A Much Bigger Opportunity

Uber has announced its intentions to expand into delivering groceries. Uber may choose to expand its already successful Uber Eats to be the service for grocery delivery or the company may choose to manage grocery delivery through another service. Photo: Getty Like Amazon, Uber is a company that thinks big. Uber and Amazon also share… Continue reading Uber Wants To Deliver Groceries, But There Is A Much Bigger Opportunity

Careem Muscat launches new service in partnership with Marhaba Taxi

From today, Careem Muscat customers will be able to book the “GO+” car type on the Careem app to order an on-demand taxi.

Careem will handle all elements of the service, from matching the customer to their ride, to dispatching taxis, to customer service, payment and marketing. The new service offers on-demand rides that are priced in line with the regular local taxis

The launch of this new service completes Careem’s footprint across the GCC and we are now the only ride-hailing operator to offer a service across all six GCC countries. It’s now the 15th country overall in which Careem operates.

This new service will be priced in line with general Marhaba Taxi rates in Oman and no additional fees will be applied, with OMR1.25 as the starting rate for fares. Careem’s platform provides transparent pricing for customers and Captains, helping to bring about a new standardisation of taxi fares in Muscat.

Having briefly launched a service in May 2017, Careem was asked by the Government of O..

  Gill Pratt of Toyota: Safety Is No Argument for Robocars 10 Oct

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Toyota's Gill Pratt on Self-Driving Cars and the Reality of Full Autonomy

Going for Level 4 autonomy—where the car drives itself and you can go to sleep—is typically justified on the grounds that such cars will be very safe. And they had better be, or we’d never let them loose on the roads.

But the safety-first argument is flawed, says Gill Pratt, who heads up self-driving car research for Toyota. Reason: Safety can be obtained by other means.

“The reason for Level 4 being done—to save lives—is backwards thinking, even if you assume it’ll be 10 times safer,” he tells IEEE Spectrum. “That’s not the only way to save lives; there are multiple ways to do it.”

Pratt allows that there’s a purely economic argument for self-driving cars—remove the driver and you cut expenses in any commercial application, like taxi service and trucking. But that decides things only after self-driving tech can be proven far better than the best human driver. A system that’s just 10 percent better will win over statisticians and philosophers but not the general public.

This isn’t the first time Pratt has poured cold water on the idea that we’re on the verge of getting rid of the steering wheel and pedals, as GM Cruise plans to do in a pilot program next year. Read our Q&A with him from early last year. But nowadays, Pratt’s emphasizing how a system that is essentially Level 4 can be repurposed as a teammate to the driver, rather than a replacement.

Toyota is developing Level 4 systems, he said, but when they’re purposed to drive the car—and thus called Chauffeur—they need vastly more validation than has been done yet to be made into a generally useful product. Toyota doesn’t expect to hand a Level 4 Chauffeur to the public for years, though the company plans to demonstrate one during the 2020 Olympic Games, in Japan, within a relatively limited environment.

But what Pratt calls the “technological equivalent to Level 4” is coming much faster. It’s called Guardian, and he says it’s a lot better than today’s advanced driver assistance systems (ADAS), which offer lane keeping, active cruise control, and emergency braking. “We think Guardian features will trickle into production vehicles soon,” he says.

Here’s how it looks in practice:

Guardian uses a diversity of sensors and maps which, though they might be a little out of date, at least tell the system the most likely environment it’s in and the location of the car in that environment. A prediction system figures out how the environment around the car is likely to evolve, and then a planner works out the car’s trajectory and other behaviors.

“It asks if there’s an unprotected left-hand turn or a highway merge coming up,” he says. “When the system’s functioning as Guardian, it’s there to warn or nudge the driver, and if things are really bad, to take over temporarily.”

We already have a Level 2 system—the Super Cruise function, which is available in the Cadillac CT6. As Lawrence Ulrich reported in April, it’s the current self-driving champion of production cars. But to make sure that the driver doesn’t get lulled into dangerous complacency, the car uses cameras to observe the driver’s eyes and body posture and to jostle him or her back to situational awareness if necessary.

But Pratt suggests that approach reflects backward thinking, too.

“We’ve known since the 1940s that the better the autonomy, the more you tend to overtrust the system,” Pratt says. “That’s why Super Cruise has a monitor that watches you. In Guardian, we’ve flipped the whole nature of who guards whom: We have the person drive.”

Electric scooter startup Grin raises ~$45 million

Grin, an electric scooter startup backed by Y Combinator, has raised a $45.7 million Series A to operate shared, electric scooters in Latin America. Grin, which is based in Mexico City, had previously raised funding from Sinai Ventures, Liquid2 Ventures, 500 Startups, Monashees, Base10 Partners and others. Currently, Grin only operates in Mexico City but… Continue reading Electric scooter startup Grin raises ~$45 million

Panasonic reveals vision for futuristic autonomous car cabin

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Lidar firm SOS Lab lands $6M

09 Oct 2018 Korean startup is the latest to target the future market for autonomous driving; auto parts giant and Hyundai among early backers. SOS Lab, a Korean startup company developing lidar equipment for future autonomous vehicles, has completed a series A round of venture funding worth around $6 million. The firm, founded in 2016 and based at… Continue reading Lidar firm SOS Lab lands $6M

For Bosch, diesel still has a future

Death, the diesel? Rolf Bulander, president of the automotive division of the Bosch group, does not want to believe it. “Diesel is still needed for long distances, big cars, trucks … Especially since modern diesel can meet all emission standards! “, He insists, in an interview with” Echos “. For the world’s largest automotive supplier,… Continue reading For Bosch, diesel still has a future

Judge rejects Lime request to block e-scooter rivals in San Francisco

AP Photo/Jeff Chiu Lime just lost a last-minute bid to delay the launch of San Francisco’s electric scooter pilot program. A judge has denied the company’s request for a temporary restraining order that would have blocked Skip and Scoot from launching their services in the city on October 15th. The company had wanted the San… Continue reading Judge rejects Lime request to block e-scooter rivals in San Francisco