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Nvidia Unveils Plans for Higher Powered Processor

New model aimed at working seamlessly with AI-based technologies.

by on Sep.20, 2018

Nvidia CEO Jensen Huang revealed the company's latest processor that will enable more AI-oriented tech.

High-flying Nvidia has emerged during the past decades as one of the auto industry’s key suppliers of advanced technology and is now working on developing the technology needed for the development of self-driving vehicles.

Jensen Huang, chief executive officer of Nvidia, one of the Silicon Valley firms eager to promote self-driving vehicles, said his company has developed a new processor that uses artificial intelligence to carry out its assigned tasks.

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Huang said Nvidia AGX, a series of embedded AI high-performance computers built around Nvidia Xavier, is now the world’s first processor designed for autonomous machines. (more…)

BMW Fills in the Blanks on New Z4

Production will launch with four-cylinder version, but I-6 and M packages will follow.

by on Sep.19, 2018

The 2019 BMW Z4 revs up the excitement for the next-gen roadster with more power and plenty of style.

Nearly a month after giving us a first look at the all-new BMW Z4, the Bavarian automaker is filling in some critical blanks, offering timing on the rollout of the new roadster, as well as specs on the first two versions in the pipeline.

First unveiled during the annual classic car week in Pebble Beach, California, the new Z4 is seen by many as the most significant update since the nameplate was first launched 17 years ago. That is, in part, due to the unusual approach BMW took to develop the all-new Z4, partnering with Toyota which will use the underpinnings for its own new entry, the reborn Supra.

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The good news is that the next-generation Z4 will be offering more power than the outgoing roadster. The bad news, at least for fans of rowing their own transmission, is that there’ll be no manual offered on the new model. (more…)

New Ferrari CEO Camilleri Lays Out New Five-Year Plan

Iconic automaker building new ute and supercar in next five years.

by on Sep.18, 2018

Ferrari's new five-year plan appears to follow the road map that recently deceased CEO Sergio Marchionne laid out.

Ferrari’s new CEO Louis Camilleri unveiled the iconic brand’s latest five-year plan that could be described as doing what it does best while ensuring it keeps an eye on the future.

Camilleri was only recently installed in the top spot after the unexpected passing of Sergio Marchionne laid out a near-term future that revives some of the company’s past, but also keeps the promises Marchionne made.

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“Our objectives are ambitious, but they are based on a meticulously constructed model pipeline, our enviable pricing power and appropriate investment levels,” Camilleri told investors. (more…)

Jaguar Land Rover Cutting Production to a Three-Day Week

Brexit issues, drop in diesel vehicle sales hurt Jaguar.

by on Sep.18, 2018

Ralf Speth, CEO of Jaguar-Land Rover, celebrates a win for the Velar as World Car Design of the Year.

Jaguar Land Rover plans to reduce the work schedules of some 2,000 production workers to three-day weeks at its Castle Bromwich plant in the West Midlands of England where the company builds several Jaguar vehicles.

The cutback comes as JLR faces pressure from uncertainty around Brexit. Additionally, a downturn in the sales of diesel-powered vehicles and the increasing popularity of sport-utility and crossover vehicles have hurt Jaguar’s sales.

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Tata Motors-owned Jaguar Land Rover confirmed it had scheduled the cut in its production schedule at the Castle Bromwich plant in England where JLR builds Jaguar XF, XJ and XE sedans and the F-Type sports car due to the “continuing headwinds” impacting the British car industry.  (more…)

Renault-Nissan-Mitsubishi Alliance Teaming Up With Google

Tech giant will develop next-gen infotainment system.

by on Sep.18, 2018

The Renault-Nissan-Mitsubishi Alliance inked a deal with Google to put its intelligent infotainment system in its vehicles.

The Renault-Nissan-Mitsubishi Alliance has a new partner, tech giant Google signing on the develop the automotive group’s next-generation infotainment system.

It’s a significant move by Google, though not its first time developing technology for automobiles. Like rival Apple’s CarPlay, its Android Auto system is now being offered by an array of automakers and allows a motorist to access a wide range of smartphone apps on a car’s touchscreen system.

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“Under the technology partnership, vehicles sold by the Alliance members in many markets will utilize Android, the world’s most popular operating system, and will provide turn-by-turn navigation with Google Maps,” the Alliance said in a statement. (more…)

Volkswagen Reveals $6B “Electric for All” Plans

German automaker will debut five-door hatchback in 2019.

by on Sep.17, 2018

Thomas Ulbrich, left, and Christian Senger outline Volkswagen's plans for its MEB-based electric vehicles.

Volkswagen AG is readying to kick off its long-expected onslaught of electric vehicles from its MEB platform, revealing an investment of more than $6 billion for plant upgrades to produce more than 10 million EVs by the end of 2025.

The moves are part of what VW dubs its “Electric for All” plan, based off the flexibility of its modular electric drive, or MEB, platform. It’s expected to the base for as many as 27 model between now and 2025.

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“We will make electric vehicles popular and get as many people as possible excited about electric cars,” said Brand Board Member for E-Mobility Thomas Ulbrich. “The MEB is one of the most important projects in the history of Volkswagen – a technological milestone, similar to the transition from the Beetle to the Golf.” (more…)

Lucid Secures $1 Billion Investment from Saudis

PIF looking for a hedge as it expands the value of the fund.

by on Sep.17, 2018

Lucid executives were on the hunt for additional investors, and struck a $1 billion with the Saudis.

After being seen as the key to Tesla CEO Elon Musk’s now-dead plans to take the EV maker private, Saudi Arabia’s sovereign wealth fund is now investing $1 billion into EV start up Lucid Motors.

The new pact gives Lucid the cash it needs to kick off production of its first-ever model, the Air, in 2020, at its plant in Arizona. Lucid officials have said the new model will cost about $60,000.

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It’s widely believed the Saudis have been searching for ways to hedge against its oil exports for some time now, explaining the earlier dalliance with Tesla and Musk. The two sides had talks about the fund backing Musk’s plan, which could have required more than $40 billion from the Saudis. (more…)

Bye-Bye Beetle

Volkswagen unveils Beetle Final Edition, with "no immediate plans" for a replacement.

by on Sep.13, 2018

The last of the VW Beetles come in two "final edition" colors and styles, including convertible models.

The end is near – for the Volkswagen Beetle, that is, the automaker all but confirming rumors that 2019 will mark the last time the once wildly popular little car will roll off an assembly line.

Also known in various places as the Bug, and even the Kafer, it has had an incredible run, with only a brief stretch out of production, the Beetle has been a fixture on the road since 1938, when it was unveiled as part of Adolph Hitler’s plan to create a “people’s car,” or “volkswagen,” that was cheap and easy to produce. With nearly 22 million build since then, it is the longest-running model ever, though Toyota’s Corolla claims to beat it as the best-selling nameplate in automotive history.

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“The loss of the Beetle after three generations, over nearly seven decades, will evoke a host of emotions from the Beetle’s many devoted fans,” said Hinrich J. Woebcken, president and CEO, Volkswagen Group of America Inc. (more…)

Ford Promises to be More Transparent About Turnaround

But analysts still wonder what it’s planning.

by on Sep.13, 2018

Ford CEO Jim Hackett hasn't been entirely transparent about his plans to revamp the company.

When Jim Hackett was named CEO of Ford Motor Co., following a senior management shake-up last year, he promised to spend the next 100 days studying the company’s strengths and weaknesses to devise a clear turnaround strategy.

A year later, however, analysts and investors are still wondering what’s in store. The company has announced a few key elements of its plan, starting with the announcement that it will all but abandon the passenger side of the U.S. new car market to focus on the more profitable SUVs, CUVs and pickups that have come to dominate the sales charts.

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Confusion about where Ford is heading with a turnaround plan it now values at $25.5 billion has translated into a sharp slump in its stock price, shares falling by more than a quarter this year, barely nudging the $10 mark all summer. Meanwhile, Ford’s debt rating has tumbled to just a bare step above junk status. (more…)

Toyota Recalling 1m Hybrids Worldwide Over Fire Risk

Prius, Prius plug-in and C-HR models targeted.

by on Sep.05, 2018

A problem with the Prius wiring harness could lead to a short-circuit and possible fire.

Toyota is issuing a worldwide recall for three of its hybrid models due to a potential fire risk.

The service action covers the Toyota Prius, the world’s most popular hybrid-electric vehicle, as well as the newer Prius plug-in hybrid and the C-HR hybrid SUV. According to the automaker, The problem involves a wiring harness that has been linked to at least one incident in which a short-circuit caused smoke to pour out of a vehicle in Japan.

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According to Toyota, the problem occurs the wiring harness can come into contact with the cover of the hybrid power control unit. If dust accumulates on either the cover or the wiring harness, the insulation on the wires can wear down over time and eventually result in a short-circuit.

(more…)