Tesla loses key Autopilot engineer to self-driving truck start-up Embark

Zeljko Popovic, a leader within Tesla’s Autopilot team, is leaving for Embark, the autonomous trucking start-up in San Francisco, according to a person familiar with the move. Popovic, whose background is in robotics, built and ran the perception team for Tesla’s Autopilot division. At Tesla’s annual shareholder meeting this week, CEO Elon Musk acknowledged that some Tesla self-driving features still need improvements. Amazon is using self-driving trucks developed by Embark to haul some cargo on


Zeljko Popovic, a leader within Tesla’s Autopilot team, is leaving for Embark, the autonomous trucking start-up in San Francisco, according to a person familiar with the move. Popovic, whose background is in robotics, built and ran the perception team for Tesla’s Autopilot division. At Tesla’s annual shareholder meeting this week, CEO Elon Musk acknowledged that some Tesla self-driving features still need improvements. Amazon is using self-driving trucks developed by Embark to haul some cargo on
Tesla loses key Autopilot engineer to self-driving truck start-up Embark Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-06-13  Authors: lora kolodny
Keywords: news, cnbc, companies, truck, trucks, autopilot, team, loses, trucking, engineer, tesla, system, key, selfdriving, teslas, embark, startup, vehicles


Tesla loses key Autopilot engineer to self-driving truck start-up Embark

Zeljko Popovic, a leader within Tesla’s Autopilot team, is leaving for Embark, the autonomous trucking start-up in San Francisco, according to a person familiar with the move. Embark confirmed the hire.

The departure comes at a critical time, as Tesla is promising its electric vehicles will be capable of operating as “robotaxis” by the end of next year — which is to say, they’d be fully self-driving in normal conditions, without human intervention. Tesla also says it plans to start production of its long-awaited electric semi trucks by the end of 2020.

Popovic, whose background is in robotics, built and ran the perception team for Tesla’s Autopilot division.

According to people familiar with his accomplishments there, Popovic managed the development of highly accurate maps of U.S. highways for Tesla, and created a “sensor fusion system” which combines data from the many cameras, radars and ultrasonic sensors that Tesla vehicles employ. The sensor fusion system enables Autopilot to “see” other cars on the road.

At Tesla’s annual shareholder meeting this week, CEO Elon Musk acknowledged that some Tesla self-driving features still need improvements. “Summon,” which allows a driver to automatically call their car over from wherever it is parked, was supposed to be widely available by now. But at the meeting, Musk said it is still being tweaked.

Founded in 2015, Embark integrates its self-driving systems into Peterbilt semis rather than building its own trucks completely from scratch, and the trucks are generally operated with human supervisors behind the wheel. It now has more than a dozen trucks and 60 employees. Amazon is using self-driving trucks developed by Embark to haul some cargo on the I-10 interstate highway in California, both companies previously acknowledged.

Attrition has been a big issue for Tesla in the last two years as the company has missed some of its production goals and its stock price has swung wildly. Among others, self-driving VP Jim Keller left for Intel, and head engineer Doug Field rejoined Apple to work on that company’s secretive self-driving technology.

Popovic and Tesla did not immediately respond to requests for comment.

WATCH: Self-driving trucks are here — here’s how they’ll transform the trucking industry


Company: cnbc, Activity: cnbc, Date: 2019-06-13  Authors: lora kolodny
Keywords: news, cnbc, companies, truck, trucks, autopilot, team, loses, trucking, engineer, tesla, system, key, selfdriving, teslas, embark, startup, vehicles


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Uber’s European rival Bolt launches in London

Uber’s European rival Bolt is now taking it on in the streets of London. The Estonian ride-hailing company formerly known as Taxify announced its launch in the U.K.’s capital city Tuesday. It joins a growing list of start-ups trying to take market share from Uber in the London metropolitan area. Villig, who founded the company in 2013, said more than 20,000 drivers have already signed up with Bolt ahead of Tuesday’s launch. There were an estimated 87,900 private hire vehicles licensed in London


Uber’s European rival Bolt is now taking it on in the streets of London. The Estonian ride-hailing company formerly known as Taxify announced its launch in the U.K.’s capital city Tuesday. It joins a growing list of start-ups trying to take market share from Uber in the London metropolitan area. Villig, who founded the company in 2013, said more than 20,000 drivers have already signed up with Bolt ahead of Tuesday’s launch. There were an estimated 87,900 private hire vehicles licensed in London
Uber’s European rival Bolt launches in London Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-06-11  Authors: elizabeth schulze
Keywords: news, cnbc, companies, launch, european, bolt, villig, ridehailing, uber, vehicles, company, london, ubers, uks, rival, launches


Uber's European rival Bolt launches in London

Uber’s European rival Bolt is now taking it on in the streets of London.

The Estonian ride-hailing company formerly known as Taxify announced its launch in the U.K.’s capital city Tuesday. It joins a growing list of start-ups trying to take market share from Uber in the London metropolitan area.

“We see this as quite a monumental thing for both the company and the ride-hailing industry as a whole,” Bolt CEO Markus Villig told CNBC in an interview. “London is one of the biggest, most profitable markets for Uber globally and one where it didn’t have a serious competitor.”

Villig, who founded the company in 2013, said more than 20,000 drivers have already signed up with Bolt ahead of Tuesday’s launch. There were an estimated 87,900 private hire vehicles licensed in London as of March 2018, according to the Department for Transport.


Company: cnbc, Activity: cnbc, Date: 2019-06-11  Authors: elizabeth schulze
Keywords: news, cnbc, companies, launch, european, bolt, villig, ridehailing, uber, vehicles, company, london, ubers, uks, rival, launches


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Fiat Chrysler’s North America arm announces partnership with autonomous start-up Aurora

The North American arm of Fiat Chrysler Automobiles, FCA US, is forming a partnership with autonomous vehicle start-up Aurora which already has linked up with retail giant Amazon. Fiat Chrysler has long dragged its feet on developing the self-driving vehicles that many industry observers expect to become commonplace over the next couple decades. “As part of FCA’s autonomous vehicle strategy, we will continue to work with strategic partners to address the needs of customers in a rapidly changing


The North American arm of Fiat Chrysler Automobiles, FCA US, is forming a partnership with autonomous vehicle start-up Aurora which already has linked up with retail giant Amazon. Fiat Chrysler has long dragged its feet on developing the self-driving vehicles that many industry observers expect to become commonplace over the next couple decades. “As part of FCA’s autonomous vehicle strategy, we will continue to work with strategic partners to address the needs of customers in a rapidly changing
Fiat Chrysler’s North America arm announces partnership with autonomous start-up Aurora Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-06-09  Authors: paul a eisenstein
Keywords: news, cnbc, companies, aurora, selfdriving, america, startup, partnership, technology, chrysler, vehicles, chryslers, arm, fca, announces, fiat, north, autonomous, vehicle


Fiat Chrysler's North America arm announces partnership with autonomous start-up Aurora

The North American arm of Fiat Chrysler Automobiles, FCA US, is forming a partnership with autonomous vehicle start-up Aurora which already has linked up with retail giant Amazon.

The announcement comes just days after the automaker’s parent company broke off talks with Groupe Renault, a proposed “merger-of-equals” with which it hoped to gain access to the self-driving technology being developed by the French automaker’s Japanese alliance partner Nissan. Fiat Chrysler has long dragged its feet on developing the self-driving vehicles that many industry observers expect to become commonplace over the next couple decades.

“As part of FCA’s autonomous vehicle strategy, we will continue to work with strategic partners to address the needs of customers in a rapidly changing industry,” said Fiat Chrysler CEO Mike Manley. “Aurora brings a unique skillset combined with advanced and purposeful technology that complements and enhances our approach to self-driving.”

Aurora, which employs over 200 at offices in Pittsburgh, Palo Alto and San Francisco, is led by CEO Chris Urmson who was one of the pioneers in the autonomous field and led a project set up by Google until around the time it was spun off as Waymo.

Neither Aurora nor FCA US would reveal financial details of their new partnership, but the start-up got fresh funding of more than $530 million earlier this year, with Amazon a leader in the Series B funding round. The retail giant has made several strategic investments over the past year, several focusing on autonomous technology, another giving it a stake in Rivian, an electric vehicle start-up based in suburban Detroit. Analysts have speculated Amazon is hoping to build a fleet of self-driving delivery vehicles.

For its part, FCA said in a statement that it has turned to Aurora to help it develop self-driving commercial vehicles which “would allow for a variety of customized solutions for commercial vehicle customers at a time when changing lifestyles and online shopping patterns are creating logistical opportunities.”

That suggests a broad range of potential options including self-driving ride-sharing vehicles – such as the ones that the new Waymo One service is fielding in the Phoenix suburbs, as well as driverless delivery trucks.

The connection to Aurora could give FCA a direct connection to Amazon. But, in the strange-bedfellows world of high-tech transportation, Amazon’s stake in Rivian also connects it to Ford Motor Co. which invested $500 million in that start-up in April.

Meanwhile, Fiat Chrysler has also partnered with Waymo, becoming one of the lead vehicle suppliers to its ride-sharing service. Waymo One has plans to purchase more than 60,000 Chrysler Pacifica Hybrid minivans and modify them at a new plant outside Detroit.

Whatever the long-range goal, analysts like Sam Abuelsamid, of Navigant Research, have until now faulted the Italian-American automaker for its go-slow approach to autonomous vehicle research. It has only made marginal efforts on its own. One of the potential benefits it cited for a merger with Renault was to be the access that provided to the autonomous and electrified vehicle technologies being developed by the French automaker and its ally Nissan.

“We are thrilled to forge a partnership with FCA US to develop a meaningful business model for delivering the benefits of self-driving commercial vehicles,” said Sterling Anderson, Aurora co-founder and chief product officer.

Joint ventures are becoming a norm, rather than the exception in the increasingly high-tech automotive world. Early this year, Honda signed on as an investor in General Motors’ Cruise Automation subsidiary. They also are partnered on a fuel-cell project. This week, BMW and Jaguar Land Rover launched a partnership focused on battery-car technology, while Toyota and Subaru announced plans to jointly develop a new battery-electric vehicle platform.


Company: cnbc, Activity: cnbc, Date: 2019-06-09  Authors: paul a eisenstein
Keywords: news, cnbc, companies, aurora, selfdriving, america, startup, partnership, technology, chrysler, vehicles, chryslers, arm, fca, announces, fiat, north, autonomous, vehicle


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BMW and Jaguar Land Rover to jointly develop electric car parts

BMW and Jaguar Land Rover on Wednesday said they will jointly develop electric motors, transmissions and power electronics, unveiling yet another industry alliance designed to lower the costs of developing electric cars. BMW and Jaguar Land Rover said they will save costs through shared development, production planning and joint purchasing of electric car components. The BMW Jaguar Land Rover pact comes as rivals FiatChrysler and Renault explore a $35 billion tie-up of the Italian-American and F


BMW and Jaguar Land Rover on Wednesday said they will jointly develop electric motors, transmissions and power electronics, unveiling yet another industry alliance designed to lower the costs of developing electric cars. BMW and Jaguar Land Rover said they will save costs through shared development, production planning and joint purchasing of electric car components. The BMW Jaguar Land Rover pact comes as rivals FiatChrysler and Renault explore a $35 billion tie-up of the Italian-American and F
BMW and Jaguar Land Rover to jointly develop electric car parts Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-06-05  Authors: julianna tatelbaum
Keywords: news, cnbc, companies, jaguar, parts, car, bmw, vehicles, rover, technology, land, electric, costs, develop, jointly, billion


BMW and Jaguar Land Rover to jointly develop electric car parts

A worker checks the frame of a BMW automobile along the production line at the BMW plant in Munich, Germany.

BMW and Jaguar Land Rover on Wednesday said they will jointly develop electric motors, transmissions and power electronics, unveiling yet another industry alliance designed to lower the costs of developing electric cars.

Both carmakers are under pressure to roll out zero-emission vehicles to meet stringent anti-pollution rules, but have struggled to maintain profit margins faced with the rising costs of making electric, connected and autonomous cars.

“Together, we have the opportunity to cater more effectively for customer needs by shortening development time and bringing vehicles and state-of-the-art technologies more rapidly to market,” said BMW board member Klaus Froehlich.

BMW and Jaguar Land Rover said they will save costs through shared development, production planning and joint purchasing of electric car components. Both companies will produce electric drivetrains in their own manufacturing facilities, BMW said.

The BMW Jaguar Land Rover pact comes as rivals FiatChrysler and Renault explore a $35 billion tie-up of the Italian-American and French carmaking groups.

Nick Rogers, Jaguar Land Rover’s engineering director said, “We’ve proven we can build world beating electric cars but now we need to scale the technology to support the next generation of Jaguar and Land Rover products.”

BMW was in talks with rival Daimler about developing electric car components but was also in discussions with Jaguar Land Rover, a company it once owned, to explore an alliance on engines.

BMW already has a deal to supply an 8 cylinder engine to Jaguar Land Rover.

Carmakers are increasingly open to sharing electric car parts because the technology is expensive and because customers no longer buy a car based on what engine a vehicle has.

“Carmakers are much less precious about sharing electric car technology because it is much harder to create product differentiation with electric car tech. They all accelerate fast, and everybody can do quality and ride and handling,” according to Carl-Peter Forster a former chief executive of Tata Motors and a former BMW executive.

Jaguar Land Rover is still run by former BMW managers, including Ralf Speth the company’s chief executive who spent 20 years at BMW prior to joining JLR, and Wolfgang Ziebart, the engineer who oversaw Jaguar’s iPace electric car program, who is a former head of research and development at BMW.

Jaguar Land Rover said it would redouble efforts to cut costs after it posted a $4 billion loss earlier this year, hit by a downturn in demand for sports utility vehicles in China and a regulatory clampdown on diesel emissions.

BMW bought Britain’s Rover Group, which included the Jaguar and Land Rover brands, for 800 million pounds in 1994 only to sell Jaguar Land Rover to Ford in March 2000 for $2.7 billion. In 2008 India’s Tata Group bought Jaguar and Land Rover from Ford for $2.3 billion.


Company: cnbc, Activity: cnbc, Date: 2019-06-05  Authors: julianna tatelbaum
Keywords: news, cnbc, companies, jaguar, parts, car, bmw, vehicles, rover, technology, land, electric, costs, develop, jointly, billion


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Amazon would be ‘bat—- crazy’ to buy a wireless carrier, analyst says

Amazon would be “bat—- crazy” to enter the wireless market by purchasing Sprint’s Boost Mobile brand, analysts at Moffett Nathanson wrote in a report. In a note entitled, “Sprint and T-Mobile: Welcome to Crazy Town, ” the analysts reacted on to a Reuters report last week that said Amazon is considering the deal. Amazon has mainly been interested in buying the brand for the wholesale deal that would allow it to use T-Mobile’s wireless network for at least six years, a source told Reuters. “The


Amazon would be “bat—- crazy” to enter the wireless market by purchasing Sprint’s Boost Mobile brand, analysts at Moffett Nathanson wrote in a report. In a note entitled, “Sprint and T-Mobile: Welcome to Crazy Town, ” the analysts reacted on to a Reuters report last week that said Amazon is considering the deal. Amazon has mainly been interested in buying the brand for the wholesale deal that would allow it to use T-Mobile’s wireless network for at least six years, a source told Reuters. “The
Amazon would be ‘bat—- crazy’ to buy a wireless carrier, analyst says Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-06-03  Authors: lauren feiner
Keywords: news, cnbc, companies, analyst, analysts, business, bat, amazon, buy, network, wrote, market, networks, vehicles, brand, crazy, wireless, carrier


Amazon would be 'bat---- crazy' to buy a wireless carrier, analyst says

Amazon would be “bat—- crazy” to enter the wireless market by purchasing Sprint’s Boost Mobile brand, analysts at Moffett Nathanson wrote in a report.

In a note entitled, “Sprint and T-Mobile: Welcome to Crazy Town, ” the analysts reacted on to a Reuters report last week that said Amazon is considering the deal. Amazon has mainly been interested in buying the brand for the wholesale deal that would allow it to use T-Mobile’s wireless network for at least six years, a source told Reuters. T-Mobile and Sprint agreed to sell the prepaid cellphone brand as one of several concessions meant to reduce the market share as part of its planned $26 billion merger.

“The idea that Amazon would actually want to enter the wireless market is bad enough,” the analysts said in Friday’s note. “Over its now forty-year history, the wireless industry has never generated a return on invested capital meaningfully in excess of its cost of capital. And that’s before the entry of a player like Amazon.”

The analysts conceded Amazon may hope to own wireless networks to facilitate its other goals, like operating piloted delivery drones and driverless vehicles, but they said it would be “economically insane” to buy a network for this purpose.

Given that AT&T and Verizon have both spent over $100 billion on building up their own networks in the past decade and that networks need to be open to work economically, “achieving competitive advantage in an adjacent business on the basis of one’s network is a fool’s errand,” they wrote.

“If having a network for the purposes of drones or driverless vehicles is ever going to be mission critical to Amazon’s business, it would be a strategic blunder of epic proportions to bring such a network in-house,” Moffett Nathanson analysts wrote. “Oh, and did we mention the fact that telecom is, by its very nature, a highly regulated business? Would Amazon really want to open itself to the regulatory scrutiny and limitations that come with being a telecom provider?”

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Watch: Boost Mobile founder Peter Adderton on Sprint’s sale of the company


Company: cnbc, Activity: cnbc, Date: 2019-06-03  Authors: lauren feiner
Keywords: news, cnbc, companies, analyst, analysts, business, bat, amazon, buy, network, wrote, market, networks, vehicles, brand, crazy, wireless, carrier


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Fiat Chrysler submits proposal for a merger with Renault

Fiat Chrysler and Renault, two automakers looking to curb costs producing vehicles and pool resources for developing the next generation of automobiles, are planning a merger to create the world’s third largest automaker. According to a statement from Fiat Chrysler Automobiles, the combined business would be owned 50/50 between shareholders of FCA and Groupe Renault. Shares in Fiat Chrysler and Renault jumped 13% and 11.5% respectively. Fiat Chrylser said the combined entity would generate savin


Fiat Chrysler and Renault, two automakers looking to curb costs producing vehicles and pool resources for developing the next generation of automobiles, are planning a merger to create the world’s third largest automaker. According to a statement from Fiat Chrysler Automobiles, the combined business would be owned 50/50 between shareholders of FCA and Groupe Renault. Shares in Fiat Chrysler and Renault jumped 13% and 11.5% respectively. Fiat Chrylser said the combined entity would generate savin
Fiat Chrysler submits proposal for a merger with Renault Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-27  Authors: phil lebeau
Keywords: news, cnbc, companies, chrysler, worlds, renault, combined, merger, largest, vehicles, submits, billion, automobiles, proposal, fiat


Fiat Chrysler submits proposal for a merger with Renault

Fiat Chrysler and Renault, two automakers looking to curb costs producing vehicles and pool resources for developing the next generation of automobiles, are planning a merger to create the world’s third largest automaker.

According to a statement from Fiat Chrysler Automobiles, the combined business would be owned 50/50 between shareholders of FCA and Groupe Renault. A board of governors would hold a majority of independent directors.

Shares in Fiat Chrysler and Renault jumped 13% and 11.5% respectively.

The merger still requires approval by the boards of both automakers.

The joint organization would produce estimated sales of 8.7 million vehicles a year and would be considered the world’s third largest car manufacturer.

Fiat Chrylser said the combined entity would generate savings of 5 billion euros annually ($5.6 billion) and be “carried out as a merger transaction under a Dutch parent company.”

The press release from Fiat Chrysler added that there would be no plant closures as a reults of the tie-up and the union should provide an opportunity to lead in the development of electric and autonomous vehicles.


Company: cnbc, Activity: cnbc, Date: 2019-05-27  Authors: phil lebeau
Keywords: news, cnbc, companies, chrysler, worlds, renault, combined, merger, largest, vehicles, submits, billion, automobiles, proposal, fiat


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Wall Street misunderstands Tesla, says analyst whose lowest price target is triple current levels

An analyst for a firm with a major investment in Tesla said Friday that recent drastic price-target cuts on the stock by others on Wall Street are missing the big picture. Tasha Keeney, an Ark analyst, said in an interview on CNBC’s “Squawk Box” that Wall Street is “misunderstanding the Tesla story” and the potential upside of Elon Musk’s vision. This week, Morgan Stanley put a worst-case of $10 per share on Tesla. The electric vehicle maker began the month saying it would raise more than $2 bil


An analyst for a firm with a major investment in Tesla said Friday that recent drastic price-target cuts on the stock by others on Wall Street are missing the big picture. Tasha Keeney, an Ark analyst, said in an interview on CNBC’s “Squawk Box” that Wall Street is “misunderstanding the Tesla story” and the potential upside of Elon Musk’s vision. This week, Morgan Stanley put a worst-case of $10 per share on Tesla. The electric vehicle maker began the month saying it would raise more than $2 bil
Wall Street misunderstands Tesla, says analyst whose lowest price target is triple current levels Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-24  Authors: matthew j belvedere
Keywords: news, cnbc, companies, misunderstands, ark, value, price, month, street, target, triple, musk, stock, billion, vehicles, share, tesla, levels, current, lowest, wall


Wall Street misunderstands Tesla, says analyst whose lowest price target is triple current levels

An analyst for a firm with a major investment in Tesla said Friday that recent drastic price-target cuts on the stock by others on Wall Street are missing the big picture.

Ark Invest, whose founder predicted on CNBC last year that Tesla could hit $4,000 per share, stands by that call, even as the stock has lost about 40% of its value in 2019.

Tasha Keeney, an Ark analyst, said in an interview on CNBC’s “Squawk Box” that Wall Street is “misunderstanding the Tesla story” and the potential upside of Elon Musk’s vision. Musk’s accomplishments are widely acknowledged, but he’s gotten himself and Tesla into trouble with the government over his comments, stemming from an August tweet about possibly taking the company private with “funding secured.”

Keeney said Ark believes so strongly in Tesla that its five-year, bear-case scenario is $560 per share, which would be nearly triple the value of where the stock closed Thursday at $195.

This week, Morgan Stanley put a worst-case of $10 per share on Tesla. A day later, Citigroup said the stock could fall to $36 per share.

Tesla has always been a battleground stock as one of the most loved and hated. Tesla is also one of the most shorted stocks. Shorting a stock is a bet that it will go down.

The electric vehicle maker began the month saying it would raise more than $2 billion through stock and convertible debt. The company’s cash burn and need to repeatedly raise money has been a concern among its detractors.

Keeney, however, said Ark is not troubled by additional fundraising. “If we talk about cash, and those worries, in our valuation model we actually expect, we have Tesla raising an additional $10 billion to $20 billion in the next five years. And we’re actually OK with that.”

“We want them to get as many cars on the road as possible” with the next step of running a “fully autonomous taxi network.” Last month, Musk promised 1 million vehicles on the road next year that are able to function as “robo-taxis,” a claim that was generally thought to be optimistic, at best.

On an investor call earlier this month, two of the invitees told CNBC that Musk predicted autonomous driving will transform Tesla into a company with a $500 billion stock market value. As of Thursday’s close, Tesla’s market cap was just over $34 billion.

Keeney admits that Musk sets “extremely aggressive goals” and often falls short. “But in doing that, in sort of pushing to that target, they’ve been able to achieve the impossible so far.”

She also countered the argument that demand for Tesla vehicles is waning. “Sixty-nine percent of the trade-ins for the Model 3, for the standard range version, were non-premium vehicles. So they are pulling in demand from other segments. They outsold their next best competitor by 60% in the premium vehicle segment.”

“People clearly like these cars for a good reason. Tesla has a software advantage that no one else can beat,” she added.


Company: cnbc, Activity: cnbc, Date: 2019-05-24  Authors: matthew j belvedere
Keywords: news, cnbc, companies, misunderstands, ark, value, price, month, street, target, triple, musk, stock, billion, vehicles, share, tesla, levels, current, lowest, wall


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Mortgage refinances surge 8%, as rates fall to the lowest level since January 2018

The walking robot that could soon be delivering your packagesIt’s not fast and may be years from visiting your neighborhood, but a walking robot is part of Ford’s vision for how its autonomous vehicles deliver packages and goods in the…Technologyread more


The walking robot that could soon be delivering your packagesIt’s not fast and may be years from visiting your neighborhood, but a walking robot is part of Ford’s vision for how its autonomous vehicles deliver packages and goods in the…Technologyread more
Mortgage refinances surge 8%, as rates fall to the lowest level since January 2018 Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-22  Authors: diana olick
Keywords: news, cnbc, companies, vision, fall, thetechnologyread, packagesits, refinances, surge, mortgage, level, vehicles, soon, rates, 2018, robot, packages, neighborhood, walking, visiting, lowest


Mortgage refinances surge 8%, as rates fall to the lowest level since January 2018

The walking robot that could soon be delivering your packages

It’s not fast and may be years from visiting your neighborhood, but a walking robot is part of Ford’s vision for how its autonomous vehicles deliver packages and goods in the…

Technology

read more


Company: cnbc, Activity: cnbc, Date: 2019-05-22  Authors: diana olick
Keywords: news, cnbc, companies, vision, fall, thetechnologyread, packagesits, refinances, surge, mortgage, level, vehicles, soon, rates, 2018, robot, packages, neighborhood, walking, visiting, lowest


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This walking robot could soon be delivering your packages

It’s not fast and may be years from visiting your neighborhood, but a walking robot is part of Ford’s vision for how its autonomous vehicles will someday deliver packages and goods. The robot known as Digit and designed and built by Agility Robotics, walks upright on two legs, goes up and down stairs and can carry packages weighing 40 pounds. So why is Ford interested in a walking robot? Ford envisions a future where Digit is part of an autonomous vehicle that could be delivering pizzas, package


It’s not fast and may be years from visiting your neighborhood, but a walking robot is part of Ford’s vision for how its autonomous vehicles will someday deliver packages and goods. The robot known as Digit and designed and built by Agility Robotics, walks upright on two legs, goes up and down stairs and can carry packages weighing 40 pounds. So why is Ford interested in a walking robot? Ford envisions a future where Digit is part of an autonomous vehicle that could be delivering pizzas, package
This walking robot could soon be delivering your packages Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-22  Authors: phil lebeau
Keywords: news, cnbc, companies, deliveries, digit, ford, delivering, soon, vehicles, packages, autonomous, robot, walking, vehicle, fords


This walking robot could soon be delivering your packages

It’s not fast and may be years from visiting your neighborhood, but a walking robot is part of Ford’s vision for how its autonomous vehicles will someday deliver packages and goods.

The robot known as Digit and designed and built by Agility Robotics, walks upright on two legs, goes up and down stairs and can carry packages weighing 40 pounds.

So why is Ford interested in a walking robot?

Digit may be how Ford solves one of the biggest issues confronting the self-driving vehicles it’s developing for companies like Domino’s Pizza and the food delivery firm Postmates: how to get deliveries from cars to the front door?

“As we’ve learned in our pilot programs, it’s not always convenient for people to leave their homes for packages or for businesses to run their own delivery services,” Ken Washington, Ford’s chief technology officer, said in a post on Medium.

“If we can free people up to focus less on the logistics of making deliveries, they can turn their time and efforts to things that really need their attention.”

Ford envisions a future where Digit is part of an autonomous vehicle that could be delivering pizzas, packages or other items.

Designed to fold up when not deployed, Digit could be programmed to carry deliveries from the autonomous vehicle to the front door or exact location of the final destination.


Company: cnbc, Activity: cnbc, Date: 2019-05-22  Authors: phil lebeau
Keywords: news, cnbc, companies, deliveries, digit, ford, delivering, soon, vehicles, packages, autonomous, robot, walking, vehicle, fords


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Ford CEO Hackett reassures investors as it pours money into EVs

“When there’s new technologies, it takes a while, and there’s a tipping point,” CEO Jim Hackett told investors during the automaker’s annual shareholder meeting Thursday. Company data shows one in five younger buyers would consider buying an electric vehicle at some point. Two of Europe’s most powerful automakers, Volkswagen and Mercedes-Benz parent Daimler AG, launched sales of their first battery-electric vehicles this week. He also upped the number of battery-electric vehicles VW expects to s


“When there’s new technologies, it takes a while, and there’s a tipping point,” CEO Jim Hackett told investors during the automaker’s annual shareholder meeting Thursday. Company data shows one in five younger buyers would consider buying an electric vehicle at some point. Two of Europe’s most powerful automakers, Volkswagen and Mercedes-Benz parent Daimler AG, launched sales of their first battery-electric vehicles this week. He also upped the number of battery-electric vehicles VW expects to s
Ford CEO Hackett reassures investors as it pours money into EVs Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-09  Authors: paul a eisenstein, ashley turner, jasper juinen, bloomberg, getty images, source, adam jeffery
Keywords: news, cnbc, companies, hackett, vw, electrification, vehicle, vehicles, investors, evs, reassures, ceo, pours, electric, theres, million, ford, batteryelectric, money


Ford CEO Hackett reassures investors as it pours money into EVs

“When there’s new technologies, it takes a while, and there’s a tipping point,” CEO Jim Hackett told investors during the automaker’s annual shareholder meeting Thursday. “When it happens, you want to be there.”

Investors need some reassurance. While the company’s shares are up by more than 33% so far this year, they’re still down by almost 8% over the last 12 months. Sales of its first-generation EVs, like the Ford Focus Electric, have been modest at best. Hackett assured investors that more buyers will plug in. Company data shows one in five younger buyers would consider buying an electric vehicle at some point.

That’s not far out of line with a study released by AAA on Thursday that found that 16% of American motorists it surveyed are giving serious consideration to an electric car for their next vehicle. The AAA report also said 40 million Americans would consider a battery-electric vehicle, or BEV — especially as prices drop, range improves and it becomes easier and quicker to recharge batteries.

Ford is clearly not alone.

Two of Europe’s most powerful automakers, Volkswagen and Mercedes-Benz parent Daimler AG, launched sales of their first battery-electric vehicles this week. VW said it took about 10,000 advance orders for the new ID.3 crossover during the first day, even though the vehicle won’t actually reach showrooms until next year. VW AG CEO Herbert Diess last year said his company is committing about $10 billion through 2023 to electrification. He also upped the number of battery-electric vehicles VW expects to sell by 2029 from 15 million to 22 million.

Japan-based Toyota plans to bring more than 10 EVs to market in the next six years, aiming to sell about 5.5 million battery-electric vehicles by 2030. The Renault-Nissan-Mitsubishi Alliance – which launched the world’s first BEV, the Nissan Leaf, in 2010, is making a similar push.

Ford was an early proponent of electrification, rushing to market with a mix of conventional hybrids, plug-in hybrids and first-generation battery-electric vehicles, like the Focus Electric. But a variety of factors, including limited range and high sticker prices, limited demand. The automaker briefly hesitated before stepping up its efforts. But since Hackett replaced former CEO Mark Fields in a boardroom coup two years ago this month, he has ordered major new commitments to Ford’s electrification, autonomous driving and mobility services efforts — including a “Mustang-inspired” crossover vehicle that’s generated all sorts of buzz.


Company: cnbc, Activity: cnbc, Date: 2019-05-09  Authors: paul a eisenstein, ashley turner, jasper juinen, bloomberg, getty images, source, adam jeffery
Keywords: news, cnbc, companies, hackett, vw, electrification, vehicle, vehicles, investors, evs, reassures, ceo, pours, electric, theres, million, ford, batteryelectric, money


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