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While Tesla Inc is developing a long-haul, electric semi-truck that can drive itself and move in “platoons” that automatically follow a lead vehicle, and is getting closer to testing a prototype, California officials are meeting with the automaker’s officials to talk about its efforts with autonomous trucks. The correspondence and meeting show that Tesla is putting self-driving technology into the electric truck it has said it plans to unveil in September, and is advancing towards real-life tests, potentially moving it forward in a highly competitive area of commer...
Analysts have been predicting that 2017 will be the year when US car sales will slow down, and considering the low sales presented by the automakers for last month, it’s not that hard to believe them. But, after missing the sales boom on the past two years and serially downgrading their expectations for traditionally automaker stocks while sending speculative investments on profitless Tesla in the stratosphere, they've now lined up to foretell the vast disruption that ride-sharing will bring the business. All this talk about catastrophe and the future of US car sales is be...
According to the National Safety Council, there are more than 27,000 car accidents each and every day in the United States. Nobody is seriously injured in the majority of these crashes, but the vehicles definitely sustain damage, and not all of that damage is reported to insurance agencies or repaired. In most cases accident damage is "typically reported by an insurance agency or body shop," while other times "visible paintwork or damage was highlighted by an inspector, but un-flagged by a vehicle history report." Here is the list of the vehicles most likely to be involved ...
The U.S. auto boom that fueled record sales and profits is winding down. General Motors CEO Mary Barra claims that the auto industry is changing more today than it has in the past 50 years. It's true that the U.S. auto sector had a close call during the 2008 financial crisis, when both GM and Chrysler needed federal bailouts to survive bankruptcy. But that was a pretty straightforward crisis, caused by excess labor costs and a plunge in auto sales due to a wrecked economy. The challenge today is posed by electric and self-driving cars, and it is far more fundamental. Automakers ...
Thanks to leadership changes, strategy doubts and new startup dreams luring self-driving technology Google’s car projects have been a talent sieve. It’s been found out that early staffers had a different system that awarded them based on project’s value. By the end of 2015 the payments have become this high that many veteran members didn’t need the job security anymore. In December, the car unit morphed into a standalone business called Waymo, and the system was replaced with a more uniform pay structure that treats all employees the same, according to a...