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Almost a week passes without some announcement from automakers, suppliers – even ride-hailing services – about the impending arrival of self-driving cars. Experts claim that a fully automated vehicle that is 100 percent safe 100 percent of the time and can operate on any street in any weather condition in the U.S. is not right around the corner. The obstacles to perfecting and mass producing fully automated vehicles that can safely transport a passenger door-to-door with no human intervention are formidable: sensing equipment, such as cameras, lidar and radar, has to ge...
It's not a secret that U.S. auto sales are on a tear. Earning reports out of Detroit have been a stunning counterpoint to the recent gloomy economic news. For one segment of the auto sector, however, the news hasn’t been so rosy. Despite the ongoing recovery and volume growth of the North American automotive sector, the profitability of dealers has been stagnating over the past three years. As a percentage of total sales, the 2.2% figure represents sales in the new- and used-vehicle departments and the service and parts departments. Some 42% of dealers report declined sto...
Meet and greet a new car luxury marque, the first one of the 21st century. It's been more than 25 years since a major automaker launched a luxury brand, the times of Infiniti and Lexus joining the U.S. market as the luxury vehicles of Nissan and Toyota. In the next 18 months you need to expect for the Korean carmaker to peddle its G80 and G90 sedans, both are descendants of products which used to be once under Hyundai's brand. Meanwhile, the brand is challenging its brand image, promoting it from scratch to scratch, and conveying it to consumers. The automaker know...
A Silicon Valley startup called “Otto” has just been bought by Uber, with the goal of putting a fleet of the self-driving trucks on the nation’s highways in as little as two years. At 55 miles an hour, with no one behind the wheel, Otto has tested its technology on closed roads. For test runs on the busy freeway, a safety driver sits behind the wheel, just in case. "We're living in an on-demand era where we all want to press a button and have something arrive as fast as possible. Well, there's a truck behind all of those products." said Lior Ron, cofoun...
Volvo has announced a partnership with the ride-sharing company Uber to develop fully autonomous cars together. In this joint project, Volvo will manufacture the base vehicles which will then be bought by Uber. The two companies are each investing $300 million towards this project. Uber’s chief executive, Travis Kalanick, said: “Over one million people die in car accidents every year. These are tragedies that self-driving technology can help solve, but we can’t do this alone.“That’s why our partnership with a great manufacturer like Volvo is so important. Vol...
