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Several models of the Tesla S cars were hacked by researchers who were able to abruptly stop the car in its tracks, pop open the trunk while the car was being driven, and remotely turn on and off the windshield wipers. Tesla Motors Inc. announced that it released a software update to fix bugs that allowed Chinese "white-hat hackers" to remotely break into the Model S' control system and disrupt actions including turn signals, seat positions, displays and the door lock system. Cyber-security researchers from Keen Security Lab, a unit of China’s Tencent Holdings Lt...
Federal Auto Safety Regulators made it official, the nation's highways will be safer with more cars driven by machines and not humans.The Obama administration promised strong safety oversight, but sent a clear signal to automakers that the door was wide open for driverless cars. The director of the National Economic Council, Jeffrey Zients said that they envision as in the future, we will be able to take our hands off the wheel, and our commute will become restful or productive instead of frustrating and exhausting. He considers that automated vehicles will save time, money and ...
This is not the first time when Tesla Motors is blocked from selling its electric cars directly to customers in Michigan. Over the past couple of years, Tesla has been engaged in a battle with Michigan's franchised car dealers who – like dealers in several other states – view Tesla's direct-sales model as a threat. Most recently, Tesla submitted an application for a Michigan dealership license. That application was denied by the Michigan government after a hearing earlier this month. This indicates that the home state of Ford, General Motors, and Fiat Chrysler Au...
The US auto sales have been booming for the past few years, and some of the upsurge has been driven by so-called “subprime” lending and by extended terms on loans. As we tend to have the most positive expectations, we can not exclude the worry among market observers who don't think sales can be sustained at their current near-record levels. When the counting is all-done in 2016, we will possibly not see such good sales results as in 2015 when a record of 17.5 million new cars and trucks rolled off dealer lots. We can still expect for 17.3 million this year. A slight ...
The U.S. should maintain President Barack Obama’s 2025 automotive fuel-economy target because the goal spurs innovation and job growth. By setting a long-term target similar to those of the European Union, Japan and China, Obama is providing the auto industry with a stable market big enough to support sustained innovation. Obama wants average U.S. auto fuel economy to rise from 35.5 miles per gallon this year to a projected 50.8 mpg in 2025. His successor will make a preliminary decision next year on whether to stick with that goal. A recent technical assessment report by the...
