Archive for the ‘CES’ Category

Faraday Future May Have a Future, After All

Start-up settles dispute with primary investor.

by on Jan.07, 2019

Faraday Future has been at death's door for several months now, but a new deal with an investor may clear the way for its return to life.

Only a week ago, it seemed, EV start-up Faraday Future was down for the count. Now, however, it may have a new lease on life, after appearing to resolve a dispute with its primary investor.

That said, the California-based carmaker isn’t out of the woods. That investor, China’s Evergrande Health, has simply agreed to step back on its stake in the company. Faraday must now find a new primary investor that will help it resume operations, starting with bringing back a major portion of its workforce laid off in recent weeks.

Beyond the Headlines!

Under the agreement, the two parties will “terminate the previous investment contract, withdraw and waive all litigation and arbitration proceedings, and release all security including the asset preservation pledge and equity financing rights,” Faraday said in a statement. (more…)

Byton M-Byte’s Videoscreen Will Be as Large as Seven I-Pads, Support a Very Different Business Model

Battery-car to “become the most important digital device in your life.”

by on Jan.07, 2019

The 48-inch display in the Byton M-byte will control most of its functions - and more.

At first glance, the Byton M-Byte looks a lot like other new battery-electric vehicles coming to market these days. It’s when you slip inside the SUV that you notice the big difference. Really big, as in a 48-inch videoscreen atop the instrument panel that stretches the full length of the windshield.

The screen can simultaneously display a virtual instrument cluster, navigation information, notes on the music you’re listening to – and still have plenty of room left over for a movie or TV show to entertain passengers. And that’s a key part of Byton’s business strategy.

Auto Show News!

“Our business model will not just be about selling cars, but using the car as a platform,” CEO Carsten Breitfeld said in an impromptu interview with TheDetroitBureau.com following a news conference at the Consumer Electronics Show in Las Vegas. “In the future, we will make more money selling digital content and shared mobility.”

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BlackBerry, Karma Display New Security Technology at CES

New Revero shows off new tech for infotainment, security.

by on Jan.07, 2019

Karma Automotive teamed with BlackBerry to improve the security and performance of its infotainment system.

As vehicles become ever more complex and ever more dependent on computer systems, cyber security has become an increasingly important part of vehicle engineering and will be one of the themes for automotive companies and their suppliers at this year’s Consumer Electronics Show in Las Vegas.

BlackBerry and Karma Automotive will showcase how BlackBerry’s QNX technology is used to safeguard Karma’s Revero luxury electric vehicle. The joint CES display also points towards additional security and management systems that could be incorporated into future products.

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“Karma’s business and product plan is driven in part by collaborating with partners like BlackBerry whose expertise help us accelerate product development and differentiation,” said Karma CEO Lance Zhou. (more…)

Toyota Introducing New Automated Test Vehicle in Las Vegas

New vehicle based on fifth-gen Lexus LS flagship.

by on Jan.04, 2019

Toyota's new automated vehicle, the TRI-P4, is based off the Lexus LS sedan and debuts at CES.

Toyota has offered a glimpse of an automated driving test vehicle it plans to show off next week at the Consumer Electronics Show in Las Vegas.

Toyota Research Institute plans to reveal the TRI-P4, which is based on the fifth-generation Lexus LS flagship sedan and which Toyota plans to use TRI’s development of the two-track Guardian and Chauffeur automated driving system.

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“Our Chauffeur development is focused on full autonomy, where the human is essentially removed from the driving equation, either completely in all environments, or within a restricted driving domain,” said Ryan Eustice, senior vice president of automated driving at TRI.  (more…)

Hyundai Builds the “Ultimate Mobility Vehicle”

Hyundai Elevate promises to go “where no vehicle has been before.”

by on Jan.02, 2019

Hyundai believes it has developed the ultimate mobility vehicle with its Elevate concept.

There are plenty of vehicles on the market that claim to be able to “go anywhere,” products like the Land Rover Velar, Jeep Wrangler and Mercedes-Benz G-Class. But there are, in fact, limits to their mobility, something that Hyundai contends it can overcome with a new concept vehicle set to debut at the Consumer Electronics Show next week.

Dubbed the Hyundai Elevate, the prototype mounts its tires at the end of four spindly legs which, the Korean carmaker contends, will “redefine our perception of vehicular mobility.”

News You Can Trust!

While the automaker is saving most of the details until its CES news conference in Las Vegas next week, a terse news release adds that Elevate “combines the power of robotics and EV technology to take people where no vehicle has been before.” (more…)

“Coming Soon” – Mercedes Teases Next-Gen CLA

But market has changed radically since coupe-like model first appeared.

by on Dec.17, 2018

Mercedes has offered a tease of the second-generation CLA ahead of its debut at CES.

The original Mercedes-Benz CLA, in baseball terms, knocked it out of the park, the compact, coupe-like sedan not only generating a massive sales surge but drawing in the sort of hip young buyers that the German brand long had trouble reaching.

Americans are expected to buy about 22,000 CLA sedans this year, a sharp decline from the model’s 2015 peak, when Mercedes delivered about 30,000 of them. That said, considering the rapid shift from passenger cars to light trucks – including the similarly sized Mercedes GLA crossover – the CLA remains an essential part of the brand’s line-up.

Auto Show News!

“We’re still bullish on sedans,” Dietmar Exler, CEO of Mercedes-Benz USA, told TheDetroitBureau.com during a Los Angeles Auto Show interview, and the German brand aims to prove that with the upcoming launch of the second-generation CLA.

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Faraday Future “Effectively Insolvent,” Says Co-Founder

Battery-carmaker confirms second round of job cuts.

by on Oct.31, 2018

Nick Sampson, (r), one of the Faraday Future founders, is shown with investor Jia Yueting, (l) at the debut of the FF91 concept in January 2016.

The California-based battery-car company Faraday Future is “effectively insolvent,” according to co-founder Nick Sampson who resigned on Tuesday.

His departure comes as the once-promising company prepares for a second round of mass layoffs, a Faraday spokesman advised TheDetroitBureau.com late Tuesday evening. Faraday had already laid off a sizable number of its approximately 1,300 employees last week as it struggled to find enough cash to continue operating.

Breaking News!

“There is a furlough pending,” said spokesman Jacob Brown, adding that Faraday needs to take “drastic measures, but the executive team wants to keep the company running.”

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Detroit Auto Show Moving to June in 2020, Adding Major New Features

Sponsors aim to revive what's been North America’s leading car show.

by on Jul.23, 2018

Toyota Pres. Akio Toyota is shown here revealing the 2019 Camry during this year's NAIAS.

The North American International Auto Show will move from January to June in 2020, a new timeslot that organizers are betting will help revive the flagging momentum of what had long been one of the industry’s most important annual events.

The Detroit Auto Dealers Association had signaled its intention of abandoning its traditional, mid-winter schedule, though a switch to October was also under study. But that would have conflicted with other shows in Europe and Asia, the dealer group’s Executive Director Rod Alberts told TheDetroitBureau.com in an exclusive interview.

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In a background briefing ahead of today’s official announcement, Alberts said one of the advantages of a summer event is the ability to add new functions that expand beyond the confines of Detroit’s sprawling Cobo Hall convention center. “We realized we have to change the show (and) showcase Detroit, too,” said Alberts, who has been running the DADA for the past 28 years.

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Audi Out: Follows Growing Group of Automakers Abandoning Detroit Auto Show

NAIAS still studying possible date change to revive flagging fortunes.

by on May.11, 2018

Audi has traditionally used the NAIAS for major intros, like the Q8 Concept it debuted in 2017.

Already hit by key defections, the organizers of the North American International Auto Show in Detroit learned Thursday that Audi will also be a no-show in January 2019 – though the luxury arm of Volkswagen Group said it will “continue to evaluate” a return at a later date.

A once-regional event, the NAIAS became the most significant auto show in the U.S., and one of the world’s most widely watched, when it added the “International” designation in 1989. At its peak around the start of the new millennium, Detroit could count on virtually every manufacturer to participate, with some years seeing more than 70 new cars, trucks, concepts and crossovers debut.

Breaking News!

As the industry plunged into recession, things began to change. Some manufacturers, such as Nissan, pulled out temporarily, but others decided to abandon the Motor City event entirely. That included some of the most exclusive marques, like Ferrari, as well as mainstream and luxury brands like Mazda, which was a hold out this past January. Volvo had no corporate presence, though its local dealers did roll a few vehicles into Detroit’s Cobo Hall convention center. Now, it seems, the exodus is turning into a rout. Audi follows Mercedes-Benz, BMW and Porsche in planning to stay home next January. (more…)

Toyota Earnings Jump, Despite Rising U.S. Incentives

Record R&D spending could hurt operating profit.

by on May.09, 2018

Toyota CEO Akio Toyoda is not only pushing for automotive sales growth, but leading the company into the emerging mobility sector.

Toyota saw earnings jump 21% between January and March, the final quarter of its fiscal year, despite having to sharply ramp up incentives in a slowing U.S. automotive market.

The automaker reported a profit of 480.8 billion yen, or $4.4 billion, up from 398 billion yen the year before. Toyota’s sales also rose 2% to 7.58 trillion yen, or $69 billion. For the full fiscal year, it earned 2.49 trillion yen, or $23 billion, a 36% increase, with sales rising 6%, to 29.38 trillion yen, or $268 billion.

Beyond the Numbers!

The strong performance helped highlight the cost-cutting efforts initiated by CEO and President Akio Toyoda, the grandson of Toyota’s founder declaring, “We’ve become a leaner, trimmer company … and in the past year we’ve developed our remaining fat into muscle, so that we’re in a strong position to be more competitive.”

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