Former Google car project Waymo has signed a deal with Avis Budget Group to service and house a fleet of self-driving vehicles being tested in Phoenix, giving the rental car agency a foothold in the budding market for autonomous transportation. The agreement accelerates Waymo's effort to commercialize its self-driving car technology, which is beginning a real-world pilot program after years of tests. Google parent Alphabet Inc. owns Waymo.
The development of self-driving cars has pitched a handful of cities into a new gold rush, a chance to be on the forefront of a new technology that will give rise to billion-dollar companies and thousands of new jobs. The stakes are enormous. Last year, Goldman Sachs projected the market for advanced driver assistance systems and autonomous vehicles would grow from about $3 billion in 2015 to $96 billion in 2025 and $290 billion in 2035.
European carmakers and suppliers are trying to build the computing capacity they will need as vehicles digitize and become driverless.
Kia took the top spot in J.D. Power's annual report card on vehicle quality for a second consecutive year, as industry ratings reached a new record and domestic brands maintained their edge over foreign rivals. Kia, with 72 problems reported per 100 vehicles, was able to retain its No. 1 position despite a shake-up in the 2017 U.S. Initial Quality Study rankings that included significant shifts with the German and Japanese brands -- most notably, Toyota and Lexus -- falling behind many U.S. and Korean brands. "This is without question the best quality the world has ever seen," Dave Sargent, vice president, global automotive at J.D. Power, said when releasing the results at an Automotive Press Association meeting in Detroit.
Uber CEO Travis Kalanick has resigned after a series of controversies that rocked the world's largest technology startup and exposed deep problems with its male-dominated culture. The man most closely identified with the ride-hailing giant's meteoric global ascent said he was ceding to investors' wishes that he step aside, in part to avoid yet another conflict. Uber has been hit by scandal after scandal this year, from allegations of sexual harassment and the use of "Greyball" software to bypass regulators to the mishandling of a 2014 Indian rape case.
The driver behind the wheel of a Tesla Model S in self-driving mode when he died in a 2016 accident was warned seven times to put his hands on the wheel, according to documents released by the National Highway Traffic Safety Administration. NHTSA uploaded more than 500 pages of documents related to the accident, which is believed to be the first involving a death with the car on self-driving mode. The documents range from studies on traffic patterns to interviews with the family of driver Joshua Brown and a report on what happened during the accident.
Uber is enabling passengers to tip its U.S. drivers with a tap on its ride-hailing app for the first time, part of a push to recast itself as a company with a conscience and a heart. Besides the built-in tipping option announced, Uber is giving drivers an opportunity to make more money in other ways too. Riders will be charged by the minute if they keep an Uber car waiting for more than two minutes.
A new global survey on consumer preferences for automotive technology finds more consumers desire advanced technology in their next new vehicle. However, their willingness to pay for technology demonstrates a wide variety of viewpoints from consumers across leading global markets, says the survey from business information provider IHS Markit. More than 5,000 vehicle owners intending to purchase a new vehicle within the next 36 months were surveyed in the 2017 Automotive Connected Services and Apps Consumer Analysis , representing five key automotive markets – the U.S., Canada, China, Germany and the United Kingdom.
Lyft Inc. on blasted Uber Technologies Inc. for bringing it into Waymo LLC’s trade secrets suit against Uber in California federal court, saying Uber's subpoena is a thinly veiled attempt to get access to a competitor's confidential information, not a legitimate litigation tactic. Lyft, which is not a party to the lawsuit, asked the court to quash the subpoena and issue a protective order, arguing that Uber hasn’t justified the need for the requested information. Although Waymo and Lyft in had previously said they entered into a collaboration regarding self-driving cars, that doesn’t entitle Uber to its competitor’s secrets, the motion states.
Takata Corp, the Japanese company facing billions in liabilities stemming from its defective air bag inflators, is preparing to file for bankruptcy as early as next week as it works toward a deal for financial backing from U.S. auto parts maker Key Safety Systems Inc, sources said. Takata, one of the world's biggest automotive suppliers, has been working for months to complete a deal with Key Safety. A person briefed on the matter told Reuters Key was expected to acquire Takata assets as part of a restructuring in bankruptcy.
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