October 25, 2018 French car parts maker Faurecia SA is set to buy a majority stake in Japanese car navigation system maker Clarion Co from Hitachi Ltd for around 80 billion yen ($710 million), the Nikkei reported on Thursday. The report said Hitachi agreed to sell most of its stake to Faurecia, making the French… Continue reading Faurecia to buy car navigation unit Clarion from Hitachi for $710m
Tag: Mobility
General Motors bets €4.3bn on the long road to safe driverless taxi
By Heather Somerville It’s one of the biggest bets going in the world of cars: Since May, General Motors (GM) and its Cruise self-driving car unit have landed €4.35bn in investment commitments from Japan’s SoftBank and Honda Motor to develop a robot taxi service that could safely navigate the city streets of San Francisco by… Continue reading General Motors bets €4.3bn on the long road to safe driverless taxi
Volkswagen expects an SUV share of 50% by 2025
The Touareg is at the top end of Volkswagen‘s SUV range, while the T-Roc is currently the brand‘s smallest SUV. In this respect, it will be succeeded by the new T-Cross, which will make its world debut this Thursday. Volkswagen anticipates especially strong SUV growth in North and South America, as well as in China… Continue reading Volkswagen expects an SUV share of 50% by 2025
Tesla ‘obviously’ plans to take on Uber and Lyft, says CEO Elon Musk
Tesla just posted a big earnings beat — Here's what three experts say investors should know
2 Hours Ago | 02:05
On a third-quarter earnings call, Tesla CEO Elon Musk said the company “obviously” plans to jump into ride-hailing in the era of self-driving cars.
“Tesla will operate its own ride-hailing services and compete directly with Uber and Lyft, obviously.” Musk said.
Tesla's platform, which is not yet operational, will give customers the ability to “offer their car, add or subtract to the fleet at will,” Musk said. Tesla plans to run a company-owned fleet of autonomous vehicles to pick up passengers wherever or whenever there are not enough customer cars to be lent out, he said comparing this service to the peer-to-peer lodgings business of Airbnb.
Tesla, along with the rest of the automotive industry, is racing to develop true self-driving capabilities for its vehicles that go well beyond the company's current Autopilot offering.
Today's Autopilot is a “driver assistance” system that can handle some driving tasks but requires drivers to keep their hands on the wheel at all times. In the second quarter of 2018, Tesla announced that it was developing its own chips to increase the capability of the computer that enables Autopilot features in its vehicles.
Tesla sells a “full self-driving” option to customers who are willing to pay now and wait– but the option is “off-menu,” not listed on the car company's website.
While full self-driving tech is still in development, Tesla's newest Autopilot Navigate features will enable drivers to automatically change lanes, handle forks in the road and take highway exits along a planned route, according to Tesla VP of Engineering Stuart Bowers who spoke on the third-quarter earnings call alongside Musk.
Both Uber and Lyft are expected to go public, potentially next year.
WATCH:
How Zoox plans to take on Uber and Lyft with its self-driving car
Start-up Zoox is working on making the roads safer with self-driving cars
12 Hours Ago | 06:11
Ford Delivers Third Quarter $1.0B Net Income; $1.7B Adj. EBIT; On Track to Achieve Full-Year Adjusted EPS Guidance in the Range of $1.30 to $1.50
About Ford Motor Company Ford Motor Company is a global company based in Dearborn, Michigan. The company designs, manufactures, markets and services a full line of Ford cars, trucks, SUVs, electrified vehicles and Lincoln luxury vehicles, provides financial services through Ford Motor Credit Company and is pursuing leadership positions in electrification, autonomous vehicles and mobility solutions.… Continue reading Ford Delivers Third Quarter $1.0B Net Income; $1.7B Adj. EBIT; On Track to Achieve Full-Year Adjusted EPS Guidance in the Range of $1.30 to $1.50
Uber to bank London surcharge toward electric vehicles for its drivers
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Uber announced Tuesday that it will levy a surcharge for its ride-hailing passengers in London. The goal: to get 20,000 drivers to go all-electric by the end of 2021, on the way to make every car using its ride-hailing app an electric vehicle in the smog- and congestion-prone city by 2025.
The surcharge, which is part of the company’s clean-air strategy announced in 2017, will go into effect in early 2019. It’s potentially as much an environmental image move as it is a response to ever-tightening rules governing the vehicle types that can pass through central London.
DON’T MISS: Uber urges Portland drivers to lease electric cars
Beginning early next year, Uber will charge riders about 19 cents (15 pence) extra per mile. That money will go directly into a piggy bank for the support of drivers looking to upgrade to an electric vehicle.
Uber app
Based on the average London trip, that will amount to an extra 58 cents per trip. And through that surcharge Uber hopes to raise $260 million (200 million pounds) over several years.
Uber is offering a significant amount of upgrade money. Every driver will be eligible for assistance in moving to an EV, but the level of assistance will be based on how many miles they’ve driven on the app. It’s anticipating that will add up to about $3,900 (3,000 pounds) for two years of driving—40 hours a week—or $5,800 (4,500 pounds) for three years.
CHECK OUT: London's $27 entry charge for pre-2016 diesel cars to start April 2019
The program complements Uber’s own diesel-scrappage scheme that aims to get 1,000 pre-Euro 4 diesel models—older, dirtier ones—off London streets and highways.
So far in the U.S., Uber’s strategies to electrify have been a bit different. Through a pilot program it calls EV Champions, it’s paying drivers up to $20 per week for driving electric—and giving riders a feel-good alert. Whether it will incentivize electric vehicles more or less effectively than the London program remains to be seen.
Nissan LEAF to help stabilize German electricity grid
As the first of its kind, Nissan LEAF prequalifies as a large power station under the German Transmission System Operators’ (TSO) guidelines HAGEN, Germany – Nissan has helped reach an important milestone on the road towards emission-free energy and mobility in Germany. With an innovative charging and energy management solution, the project partners – technology… Continue reading Nissan LEAF to help stabilize German electricity grid
Volvo Cars Tech Fund invests in electric car charging company FreeWire
Volvo Cars Tech Fund invests in electric car charging company FreeWire Volvo Cars has acquired a stake in electric car charging company FreeWire Technologies via the Volvo Cars Tech Fund, deepening the company’s commitment to a fully electric future. While Volvo Cars’s electrification strategy does not envision direct ownership of charging or service… Continue reading Volvo Cars Tech Fund invests in electric car charging company FreeWire
Aston Martin opens first overseas design studio in China
Aston Martin opens first overseas design studio in China
Published: Oct 24, 2018
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Neil Allison
The iconic producer of hand-crafted luxury sports cars, Aston Martin Lagonda (AML), today announced the opening of a brand new design studio in Shanghai.
24 October 2018, Shanghai, China: The iconic producer of hand-crafted luxury sports cars, Aston Martin Lagonda (AML), today announced the opening of a brand new design studio in Shanghai.
The British brand’s first design studio to be located outside of the UK, the ‘Aston Martin Lagonda Creative Lab, NICE 2035’ is a partnership with Tongji University in Shanghai, one of the world’s leading universities for the study of design and innovation.
Marek Reichman, Aston Martin Executive Vice President and Chief Creative Officer commented: “The Chinese market is incredibly important to the future success of Aston Martin. Collaborating with industry leaders and talented students at Tongji University will allow us to have a deeper understanding of the trends in China, ensuring we are focused on the needs of our Chinese customers.
“The first project of the new studio will be a collaboration on future interior designs for our sports cars and our first SUV, which will be launching in 2019.”
Speaking at the opening of the design studio in Shanghai, Dean and Professor of the Tongji University College of Design and Innovation, Professor LOU Yongqi said: ”I am sure this unique design studio has the potential to produce some truly inspirational ideas by combining the history of two century old organisations, in the culture rich city of Shanghai.”
President of Aston Martin China, Mr. Peng Mingshan said: ”Shanghai is one of the world’s most energetic and vibrant cities, a real hub for technology, art and design. The Yangpu District is full of world-class universities and institutions, an ideal location to set up Aston Martin’s first overseas design studio.”
Reichman, who became a visiting professor of the university, delivered his first lecture to over 100 students sharing his knowledge on the importance of beauty in design.
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AV Maker Navya Ramps Up US Production
SALINE, MI – French autonomous-vehicle outfit Navya, which boasts of operating the first self-driving shuttle service in the world, begins production in North America after a successful IPO and brokers a supply agreement with a leading private-sector mobility services provider based in Cincinnati. Navya CEO Christophe Sapet says details about the partnership with First Transit,… Continue reading AV Maker Navya Ramps Up US Production