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Driver assists are now so advanced, we often take technology that can take care of accelerating, braking, and steering in certain situations for granted. But, according to the Insurance Institute for Highway Safety, these convenient assists are still no substitute for human drivers. As reported by Automotive News, the IIHS tested the Level 2 driver assistance systems on vehicles from Tesla, Mercedes-Benz, BMW, and Volvo and found that each system has potentially dangerous weaknesses. During four track-based tests, the IIHS discovered weaknesses in Volvo's adaptive cruise control...
BMW as always stuck to its “Ultimate Driving Machine” mantra, even though many of its models feature semi-autonomous technology designed to take away responsibility from the driver. BMW wants to keep people driving, and believes that modern consumers aren’t ready for fully autonomous cars. Ian Robertson, BMW’s special representative in the UK, said that fully autonomous cars may never happen due to regulatory hurdles. Consumers are excited by the prospect of a self-driving car, but governments haven’t had a chance to step in yet. And Robertson thinks th...
About a third of the 17 million cars expected to be sold in the U.S. this year are leased. The rest of them are purchased. However, there’s a new option for drivers coming in 2018 – car subscriptions. It is addressed to people that do not want to own a car but want to have access to a range of cars whenever they want. So, by paying a monthly fee to access a variety of vehicles they can change up when they want. The flat fee starts from $400 and gets to as much as $3,700, depending on the company, and most often comes with insurance, maintenance, roadside assistance, pick...
A new company is planning on opening a closed-course testing facility for autonomous vehicles, we’re talking about The Toyota Research Institute. The 60-acre site, will open in October at the Michigan Technical Resource Park. It will be used to reproduce scenarios that are too risky to execute on public roads. A TRI spokesman declined to comment on the details of the agreement with the resource park, including the cost of the arrangement and the length of the lease. TRI plans to lease the track, and the land in the inner ring, from the Michigan Technical Resource Park, or MITRP...
The company which is about to set a record fine of $1 billion imposed by two U.S. regulators for its risk management business is none other than Wells Fargo & Co. Lask week the company got a proposal from U.S. Consumer Financial Protection Bureau (CFPB) and the Office of the Comptroller of the Currency (OCC), to resolve probes into auto insurance and mortgage lending abuses at the third-largest U.S. bank. Wells has acknowledged that it charged customers for excessive auto insurance, a burdensome expense that caused some to see their cars repossessed after defaulting on loans. Wells Fa...
