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General Motors Co. and Toyota Motor Corp. officials will tell a U.S. House panel that need changes to automotive safety rules to allow the deployment of self-driving cars on American roads. Mike Abelson, vice president of global strategy at GM, said that without changes to those regulations, it may be years before the promise of today’s technology can be realized and thousands of preventable deaths that could have been avoided will happen. On Monday, Sen. Gary Peters, D-Mich., and Senator John Thune, the Republican chairman of the Commerce Committee, said in a joint statement...
Volvo was doing really good in 2016 and its revealed double-digit earning improvements proves that. The automaker forecasts a fourth consecutive year of record sales for 2017, in this goal it will be helped by the arrival of new models such as second-generation XC60 and the all-new XC40. Operating profit rose 66 percent to 11.0 billion Swedish crowns ($1.24 billion) and revenue increased 10 percent to 180.7 billion crowns. That helped improve the automaker's profit margin to 6.1 percent compared with a 4 percent margin in 2015. Since being bought by China's Zhejiang Geely Ho...
The latest study revealed by specialists reveals that policy would deliver the sharpest blow to Jaguar Land Rover while giving a leg up to Ford Motor Co. and Tesla Inc. It seems like most automakers would need to raise vehicle prices by thousands of dollars, which is more than $17,000 per vehicle in Jaguar Land Rover’s case, because it imports all its vehicles. Ford, with significant domestic manufacturing, would need to mull the smallest price hike among major automakers, at about $282 per vehicle, followed by General Motors at $995, according to the report. The estimates aim...
Not even a week has passed since Uber introduced a fleet of self-driving Volvo XC90s to the streets of San Francisco, all in defiance of California regulators telling Uber to stop. Since then, the autonomous Volvos have been seen running red lights, ignoring stop signs, and failing to yield to pedestrians, obviously all dangerous and illegal moves. It seems there is one more problem to add to that list, as Uber has admitted to The Guardian that its vehicles have problems navigating through bike lanes. Like with the other incidents, there have been first-hand reports of Uber's Vo...
A group of automakers and tech firms advocating for autonomous vehicles has called on U.S. regulators to change federal auto safety standards that effectively prohibit the operation of a car without the presence of a driver. The Self-Driving Coalition for Safer Streets wants the National Highway Traffic Safety Administration to amend certain Federal Motor Vehicle Safety Standards that it says limit fully autonomous vehicles, the group said in a statement. The group, whose founding members are Ford Motor Co., Google, Volvo, Uber and Lyft, also called on Congress to enact legislation ...
