Archive for the ‘Technology’ Category

Tesla to Hold Musk to a Higher Standard for Compensation

No cash or bonuses unless carmaker hits milestones.

by on Jan.23, 2018

Elon Musk won't receive any compensation from Tesla until the EV maker begins hitting select stock and operational milestones.

With Tesla still struggling with serious production problems and a balance sheet that has been sinking deeper into the red, the battery-carmaker said Tuesday that its billionaire founder and CEO Elon Musk won’t be in line for any form of compensation until it reaches stock and operational milestones.

While investors continue to back the company, its shares rebounding sharply since a deeper-than-expected third-quarter loss was announced last autumn, there has been growing concern about the delays in ramping up production of the new Model 3. That has raised concerns the company might have to raise more capital to compensation for its rapid cash burn.

Subscribe Now!

“Tesla and all of its shareholders” will have to perform “extraordinarily well before Musk is to receive any form of compensation going forward, the company said. But the announcement also took aim at another concern that some investors and analysts have raised in recent months: whether the South African-born Musk would remain onboard. (more…)

High-Tech Safety Gear Preventing Crashes – But Raising Insurance Rates

Replacement parts drive up repair costs when there is a crash.

by on Jan.23, 2018

While advanced safety gear may prevent accidents it can run up repair costs when a crash occurs.

New advanced driver assistance systems like blind spot monitoring and lane departure warning have been shown to reduce accidents and prevent injuries and fatalities. So, why are motorists getting hammered by rate hikes, rather than getting discounts when they buy cars equipped with the new technologies?

The problem, according to industry experts, is that once a vehicle actually is involved in a crash replacing something as seemingly basic as a mirror can be far more costly than motorists might expect because of the sensors all those new safety systems require.

Consumer News!

And forget trying to make repairs yourself. Where do-it-yourselfers might once have replaced a broken sideview mirror or even a bumper on their own, the sensors now integrated into those parts need to be carefully calibrated to ensure they work properly.

(more…)

Waymo Coming to Atlanta

Self-driving minivans will soon be traversing Atlanta streets.

by on Jan.23, 2018

Waymo's driverless Chrysler Pacifica Hybrids may be seen on Atlanta roads pretty soon.

Looks like Waymo is moving from AZ to the ATL! The self-driving car company put out a tweet letting Atlantans know that it was the next stop on Waymo’s tour.

“Hello ATL! Metro Atlanta is the next stop for Waymo’s test program. Now that we have the world’s first fully self-driving vehicles on public roads in AZ, we’re looking to take our tech to more cities,” the company tweeted.

News You Can Trust!

Georgia is the seventh state that Waymo has tested its vehicles in, although its only admitted to starting to map the city of Atlanta at this point. The company’s been testing and evolving its self-driving vehicles for nine years now. (more…)

Safety Groups Join Forces, Push for Traffic Safety Reforms

Groups rallying around 16 optimal laws that should be in place across U.S.

by on Jan.22, 2018

KidsAndCars.org President and Founder Janette Fennell pushed for the changes outlined in the SafeRoads.org report.

Rhode Island and South Dakota are the best and worst states, respectively, for driver safety in the U.S., according to a new report out by Advocates for Highway Safety.

The group’s annual report, the 2018 Roadmap for Highway Safety, gives each state a ranking based on what the safety advocacy group considers 16 fundamental traffic safety laws to ensure roadway safety. Rhode Island employs 13 of the 16 while South Dakota just two.

Safety News!

“Advocates has spent decades fighting for vehicle safety technology and we too believe driverless cars have the potential to one day make our roads a dramatically safer place,” said Advocates’ President Cathy Chase, during a press conference earlier today. (more…)

Mazda NAO CEO Denies Toyota Merger Speculation

Toyota deal is just a deal, CEO says. Despite EV growth, gas engines to stay.

by on Jan.22, 2018

Masahiro Moro, Mazda NAO president and CEO, told a crowd in Detroit that the factory deal with Toyota was not a prelude to a merger.

Mazda’s recent partnership with Toyota to produce EVs at a new plant in Alabama is just that — a partnership. Masahiro Moro, Mazda North America Operations president and CEO, told a crowd that Mazda plans to remain an independent automaker for foreseeable future.

Moro, the company’s top executive discussed Mazda’s future during the Automotive News World Congress in Detroit. He also noted that while electric vehicles and fuel cells are important, Mazda believes it can squeeze substantially more fuel savings from its internal combustion engine during the next decade.

News Now!

The automaker does not have an EV or even a hybrid in its U.S. line-up, but the U.S. Environmental Protection Agency has named Mazda as the most fuel-efficient brand in the industry five years in a row, Moro noted.  (more…)

Aston Martin Recalls Entire Run of New DB11 Sports Coupes

Faulty wiring could cause unexpected airbag deployment.

by on Jan.22, 2018

The convertible, or Volante, version of the DB11 was added to the mix last year.

Aston Martin is recalling the entire run of its newest sports coupe, the DB11, due to a defect that could cause the vehicle’s driver’s side airbag to inadvertently deploy.

The problem is not related to defective Takata airbags but rather is caused by a wiring issue in steering columns provided by Daimler AG, an ally of the British sports car company. Daimler itself has recalled over 1 million vehicles due to the defect.

Safety News!

Airbag problems have become a major headache for automotive manufacturers in recent years, though the majority of problems have involved faulty Takata airbags that have so far been linked to at least 21 deaths and hundreds of injuries.

(more…)

Bollinger Eyeing Downtown Detroit for Truck EV

Upstart moving from upstate New York to Motor City.

by on Jan.19, 2018

Bollinger Motors unveiled its all-electric prototype sport-utility/truck in Manhattan last July.

The city of Detroit just received one more affirmation that it is indeed The Motor City as upstart EV truck maker Bollinger Motors announced plans to move its operations from upstate New York to Detroit.

Bollinger founder Robert Bollinger visited Detroit during the North American International Auto Show. While originally searching for property along the I-75 corridor, but after a look around decided moving inside the city limits would be a better plan.

EV News!

Bollinger told Curbed Detroit he wants the company to be closer to the people, i.e. the talent, of Detroit, as well as the vendors. The company will move its eight-person team from New York to Detroit later this year. (more…)

Government Panel Wants Lower Drunk Driving Threshold

Drunk driving deaths “entirely preventable.”

by on Jan.19, 2018

There is a movement underway to lower the legal blood-alcohol content limit for drunk driving to 0.05.

You might have to skip that extra beer or third glass of wine, at least if you’re planning to then get behind the wheel of a car. A new government report recommends states significantly lower the level of alcohol in the blood that would be considered driving under the influence of alcohol.

In recent decades, a crackdown on drunk driving has had a significant impact, but an estimated 10,000 people a year still die in alcohol-related accidents and the figure has begun creeping back up, warned the National Academies of Sciences, Engineering and Medicine. The worst part, a panel added, is that those deaths are “entirely preventable.”

Stay Plugged In!

In the U.S., all states now count a blood alcohol level of 0.08% as driving under the influence. By comparison, the figure has dropped to 0.05% in much of Europe and as little as 0.02% in Norway and Sweden. The National Academies panel wants to see all U.S. states drop to 0.05%, the same figure went into effect in Utah Dec. 30. (more…)

PSA Lays Out 3-Stage, 10-Year Roadmap for U.S. Return

CEO calls for “100% electrified” line-up by 2025.

by on Jan.19, 2018

PSA CEO Carlos Tavares has been credited with turning around the near-bankrupt French company.

After a 26-year absence from the North American market, French automaker PSA Group is formalizing plans to reenter the market, though in a series of interviews and appearances in Detroit this week, CEO Carlos Tavares made it clear he’s not in a rush.

With the once nearly bankrupt automaker now flying high in most of its other markets, Tavares outlined a three-stage process that will take as much as a decade to complete. In the meantime, he is focusing on several other critical endeavors, including the revival of the Opel/Vauxhall operations PSA purchased from General Motors last year, as well as a plan that call for the company to have 100% of its products electrified by 2025.

Industry News!

“When we go into a country we try to be really cautious,” Tavares said during a Thursday roundtable with a small group of journalists, one of several meetings he held in connection with the annual North American International Auto Show. The plan for North America is “more frugal, more humble” and will require only “a small investment,” he explained.

(more…)

Porsche Plugging In: Half its Line-up Will Be Electrified

German carmaker looking to expand battery-electric use.

by on Jan.18, 2018

Porsche is moving forward with its newest electric vehicle, the Mission E, as it expands its electrification efforts to half of its line-up.

It will be another year before Porsche’s first pure battery-electric vehicle, the Mission E, finally reaches market, but the German sports car brand already is laying out big plans to electrify.

Fully half of all Porsches will use some form of battery power by 2023, according to a presentation by Porsche Cars North American CEO Klaus Zellmer. That is expected to include not only the hybrids and plug-in hybrids currently in the line-up, but also additional BEVs like the Mission E. Porsche officials have also suggested they will eventually electrify even such classic core models as the iconic 911.

An Electrifying News Source!

While such a move might be a stretch for traditional Porsche buyers, the brand has begun bringing in younger buyers who are more open to experimentation, said Zellmer, speaking at the annual Automotive News World Congress. Nearly 80% of the customers who are signing up for the new Porsche Passport subscription service “have not owned a Porsche before,” he noted. (more…)