Tesla drives on Autopilot through a regulatory grey zone

Tesla drives on Autopilot through a regulatory grey zone

by Hyunjoo Jin, Tina Bellon, David Shepardson ( Reuters)
7 Min read

The fatal crash of a Tesla with no one apparently behind the wheel has cast a new light on the safety of semi-autonomous vehicles and the nebulous U.S. regulatory terrain they navigate.

Police in Harris County, Texas, said a Tesla Model S smashed into a tree on Saturday at high speed after failing to negotiate a bend and burst into flames, killing one occupant found in the front passenger seat and the owner in the back seat.

Tesla Chief Executive Elon Musk tweeted on Monday that preliminary data downloaded by Tesla indicate the vehicle was not operating on Autopilot, and was not part of the automaker’s “Full Self-Driving” (FSD) system.

Tesla’s Autopilot and FSD, as well as the growing number of similar semi-autonomous driving functions in cars made by other automakers, present a challenge to officials responsible for motor vehicle and highway safety.

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At GM, blue and white collar give way to remote and on-site

At GM, blue and white collar give way to remote and on-site

by Joseph White ( Reuters )

2 Min Read

General Motors Co on Tuesday outlined plans to allow remote work after the pandemic, in part to cast a wider net for recruiting programmers, marketers and other talent needed for its connected, electric vehicle strategy.

“The future of jobs will not be a one-size fits all approach,” the automaker said in a statement explaining its “Work Appropriately” program to cover 155,000 employees worldwide.

Instead, many employees will be allowed to keep working remotely, coming to an office as needed, as long as their tasks are not tied to assembly lines or on-site equipment.

That would allow GM to recruit a programmer who lives in Boston without requiring that employee to move, GM global talent acquisition director Cyril George told reporters on a videoconference.

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JS Fourwheel Motors Alwar shows the way again in Employee Care

JS Fourwheel Motors Alwar shows the way again in Employee Care

by WAF Editorial Team 

 

•JS Fourwheel Motors at Alwar are leading Auto retailers for last 35+ Years

•Have continuously set higher standards in Staff & their Family Care

•Controlled & run by The Sanghi family, people swear by their high standards of professionalism, business ethics and philanthropy 

Continue reading “JS Fourwheel Motors Alwar shows the way again in Employee Care”

Uber, PayPal, Walgreens launch $11 million vaccine rides fund

Uber, PayPal, Walgreens launch $11 million vaccine rides fund

(Reuters) – Uber Technologies Inc, PayPal Holdings Inc and Walgreens Inc on Monday said they launched an $11 million fund to provide free ride-hail trips to U.S. COVID-19 vaccination sites for people who lack access to transportation.

The Vaccine Access Fund will be managed by U.S. non-profit Local Initiatives Support Corporation, which will identify communities that need free rides as well as local partners to help with the program, the companies added.

Consumers can support the effort by donating to the fund through PayPal or in the Uber app, they said, adding they were also looking forward to welcoming other corporate donors.

In a joint letter to U.S. President Joe Biden and Vice President Kamala Harris, the companies said their cooperation came in response to calls by the administration for companies to get involved in the pandemic response.

“The Vaccine Access Fund will draw on the innovative tools developed by our respective firms to expand vaccine access and build upon the Biden-Harris administration’s efforts,” the companies said in the letter seen by Reuters.

The fund is separate from Uber’s promise to provide 10 million free or discounted rides to vaccination sites globally, an effort that is both public-spirited and self-interested as it is trying to get more drivers and passengers back on the road.

Lack of transportation is a major hurdle to healthcare equity and vaccine access, and studies show fewer options for medical care in low-income and Black communities that are frequently poorly served by public transit and have lower car ownership rates.

Reporting by Tina Bellon in Austin, Texas; Editing by Himani Sarkar

Nissan-backed startup WeRide gets California permit to test driverless vehicles

Nissan-backed startup WeRide gets California permit to test driverless vehicles

SHANGHAI/BEIJING (Reuters) – Autonomous driving startup WeRide received a permit to test two passenger vehicles on California’s public roads without a safety driver in the front, California’s Department of Motor Vehicles said on Monday.

WeRide, backed by Nissan, Renault, Mitsubishi, is also testing its driverless vehicle in China’s southern city of Guangzhou.

Automakers and technology firms are investing billions of dollars in autonomous driving, aiming to take an early lead in what many consider the future of mobility.

Other companies which are allowed to test autonomous vehicles with no safety driving in the front in California include Alphabet Inc’s Waymo, Baidu Inc, Alibaba-backed AutoX and General Motors Co’s majority owned Cruise.

Reporting by Yilei Sun and Tony Munroe; Editing by Ana Nicolaci da Costa

Agnelli, Peugeot families agree to consult on Stellantis

Agnelli, Peugeot families agree to consult on Stellantis

MILAN (Reuters) – Italy’s Agnelli and France’s Peugeot, the largest shareholders in Stellantis, have signed a consultation agreement, holding companies representing the two families said on Wednesday, on the eve of the carmakers’ first annual general meeting.

Exor and Peugeot 1810 said in a joint statement they had entered an understanding “aimed at strengthening the relations between the Agnelli and Peugeot families and to provide support for Stellantis in its long-term success”.

The accord will allow the two companies to exchange views, while leaving them free to vote as they choose and not carrying any obligation to coordinate their actions as Stellantis shareholders, they said.

With a 14.4% stake, Exor is the single largest shareholder in Stellantis, the world’s fourth largest carmaker, which was formed in January through the merger of Italian-American Fiat Chrysler and France’s PSA. Peugeot 1810 has a 7.2% stake.

Reporting by Giulio Piovaccari; editing by Barbara Lewis

Geely’s EV unit Polestar raises $550 million, company says

Geely’s EV unit Polestar raises $550 million, company says

STOCKHOLM (Reuters) – Sweden’s Polestar, the electric car maker controlled by Volvo and its parent, the Chinese automaker Geely, has raised $550 million in external funding, the company said on Thursday.

The financing is Polestar’s first external funding and comes amid a year of sustained sales and share price growth for electric vehicle (EV) makers such as Tesla Inc and Nio Inc.

 “Our new investors have recognised that Polestar offers an alluring combination of established industrial and technological capability alongside superlative growth potential as the global auto industry goes electric,” Polestar’s CEO Thomas Ingenlath said in a statement emailed to Reuters.

The funding will help accelerate product development and output as Polestar prepares to launch new car models in the coming years, the company said in a statement.

Continue reading “Geely’s EV unit Polestar raises $550 million, company says”

Hyundai Motor Group plans to launch EVs in China every year starting 2022

Hyundai Motor Group plans to launch EVs in China every year starting 2022

SEOUL (Reuters) – South Korea’s Hyundai Motor Group said on Thursday it plans to launch electric vehicles (EVs) in China every year starting 2022 to enhance its presence in the world’s biggest car market.

The South Korean auto group said it plans to unveil a total of 21 EV models from Hyundai Motor Co and Kia Corp by 2030, including hybrid and fuel-cell vehicles.

The group said it plans to cut the number of its gasoline vehicle models to 14 in China from the current 21 by 2025.

Reporting by Heekyong Yang and Joyce Lee; Editing by Himani Sarkar

Chip shortage weighs on car sector recovery – Volkswagen CEO

Chip shortage weighs on car sector recovery – Volkswagen CEO

FRANKFURT (Reuters) – An ongoing shortage of crucial semiconductors is the only factor weighing on a global recovery of the car sector from the coronavirus crisis, Herbert Diess, chief executive of Volkswagen AG, said on Thursday.

Demand is picking up in the United States, Brazil and China, Diess said at the Hannover Messe trade fair, adding the world’s second-largest carmaker was also working through high order intake in Europe.

“The only thing that is currently limiting and slowing down this recovery is the critical supply situation worldwide with regard to various semiconductor types,” Diess said.

Diess’ remarks came a day after U.S. peer Ford Motor Co outlined another series of plant shutdowns due to the shortage, with five facilities in the United States and one in Turkey affected.

Reporting by Christoph Steitz; Editing by Madeline Chambers

Self-driving startup Cruise raises $2.75 billion from Walmart, others

Self-driving startup Cruise raises $2.75 billion from Walmart, others

San Francisco (Reuters) – Self-drive automaker Cruise, backed by General Motors Co, on Thursday said it raised $2.75 billion in its latest funding round with additional investment from Walmart Inc and others, taking the startup’s valuation over $30 billion.

The announcement comes a week after peer TuSimple revealed plans for an initial public offering (IPO), at a time when self-drive technology is yet to be commercialised.

“We are focused on our path to commercialization right now but the IPOs happening in the space right now are a great indication of the strength of the industry and the opportunity self-driving presents,” a Cruise spokeswoman said in a statement to Reuters.

In January, the San Francisco-based startup said Microsoft Corp would join General Motors, Japan’s Honda Motor Co Ltd and institutional investors for a combined new equity investment of over $2 billion.

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WAF Gurus Live 21  Managing Teams & Businesses amidst the Second Wave 

WAF Gurus Live 21  Managing Teams & Businesses amidst the Second Wave 

Points of Discussion 

 1. Our teams, Businesses have evolved all through 2020 , well so has the virus!

 2.  100 years back , Spanish Flu had 3 waves, with the second one deadlier than the first one.

 3.  We have already adjusted, tweaked our way of working. What more needs to be done?

Continue reading “WAF Gurus Live 21  Managing Teams & Businesses amidst the Second Wave “

Tesla scouts for showroom space in India, hires executive for lobbying – sources

Tesla scouts for showroom space in India, hires executive for lobbying – sources

The electric-car maker in January registered a local company in India, where it is expected to import and sell the Model 3 sedan by as early as mid-2021, seeking to target rich customers in a niche market.

The world’s most valuable automaker by market capitalisation is looking for commercial properties as large as 20,000-30,000 square feet each to open showrooms and service centres in the capital New Delhi, financial hub Mumbai in the west and tech city Bengaluru in the south, three sources said.

Separately, Tesla has recruited Manuj Khurana, a former executive of India’s investment promotion body Invest India, in the first major hire to lead its policy and business development efforts in the country, two other sources said.

Continue reading “Tesla scouts for showroom space in India, hires executive for lobbying – sources”

Tesla lashes out at German red tape ahead of planned site opening

Tesla lashes out at German red tape ahead of planned site opening

BERLIN (Reuters) – Tesla sharply criticised lengthy regulatory processes in Germany ahead of the planned opening of its first European gigafactory this summer.

Tesla plans to have the factory up and running by July 1, 2021 to start building its electric crossover, the Model Y but the process has been slow and complicated by environmental disputes.

In December, Tesla was told by a court to suspend clearing of a forest at the site of the proposed factory after environmentalists said cutting down more trees could endanger hibernating snakes.

“The German approval framework for industrial and infrastructure projects as well as spatial planning directly contradicts the urgency to plan and realise such projects that is necessary to battle climate change,” Tesla said in a letter to a local court seen by Reuters.

Tesla, in the letter dated April 7, said it was “particularly irritating” that there was still no timetable for the final approval of the plant, located in Gruenheide outside Berlin, 16 months after the carmaker applied for it.

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Top 5 things to Learn from Dr Pawan K Goenka

Top 5 things to Learn from Dr Pawan K Goenka

by WAF Editorial Team 

 

•Dr Pawan K Goenka retired from M&M after a long stint of 27 years on April 2, 2021

•Under his leadership and with empowerment from Anand Mahindra, the company entered global markets, began to successfully design, make & sell globally competitive products

• His Secrets of Success lie in his way of Thinking and his Daily Routine 

 

In Dr Goenka’s words … 

 

Handling stress….

“Somehow, I have conditioned myself in such a way that I don’t get stressed. My philosophy is that getting stressed will only come in the way of getting out of a situation. If the sales are going down and I am stressed, then I will not be able think right. But if I am not stressed and do a clinical analysis, then we think with clarity.”
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Tata Motors PVBU clocks highest Sale in 9 years | TML CVBU sees 59% Jump over Q4 FY 20

Tata Motors PVBU clocks highest Sale in 9 years | TML CVBU sees 59% Jump over Q4 FY 20

by WAF Editorial Team 

 

•TML PVBU has reclaimed its third position in the passenger car market after 9 years with sales growth of 69% over FY 20

TML CVBU sees 59% jump over Q4 FY 20 albeit de-growth of  23% over Total FY 20 Sales

India’s largest automobile company by turnover and employment, Tata Motors Limited has posted incredible sales performance in Q4 FY 21 and March 2021

They announced their sales in the domestic & international market, for Q4 FY21, which stood at 191,720 vehicles, compared to 101,420 units during Q4 FY20.

 

Source : AutoPunditz 

“Aspirational products, customer centric offerings, harnessing digital, supporting dealers, strong group ethos powered the stellar performance of Tata Motors in FY 2021 and especially Q4 FY 2021,’ says Mr. Anuj Guglani, CEO, World Auto Forum 

Continue reading “Tata Motors PVBU clocks highest Sale in 9 years | TML CVBU sees 59% Jump over Q4 FY 20”

MG Motor India clocks Highest Monthly Sales Ever

MG Motor India clocks Highest Monthly Sales Ever

by WAF Editorial Team 

MG Motor India accomplished retail sales of 5,526 units in March 2021. 

The company received over 6,000 Booking for the month

There has been a long waiting period for its popular cars like Hector & Gloster

 

In February 2021, MG Motor India had sold 4,329 Units. In March 2021, it has achieved its highest ever sales of 5526 Units. It has also broken sales records for Hector and MG ZS EV at India. The stellar performance has put most of its models on waiting period of 2-3 months.

‘MG Motor India is one of those rare Auto makers who never play on wholesale ie sale from company to Dealer. Their focus is always retail sales. This always reflects the true consumer and dealer business sentiment’, says Anuj Guglani, CEO, World Auto Forum

“The highest monthly sales achieved in March 2021 are very encouraging with momentum continuing for our product lines”, says Rakesh Sidana, Director Sales, MG Motor India

Continue reading “MG Motor India clocks Highest Monthly Sales Ever”

Google, BMW, Volvo, and Samsung SDI sign up to WWF call for temporary ban on deep-sea mining

Google, BMW, Volvo, and Samsung SDI sign up to WWF call for temporary ban on deep-sea mining

(Reuters) – Google, BMW, Volvo and Samsung SDI are the first global companies to have signed up to a World Wildlife Fund (WWF) call for a moratorium on deep-sea mining, the WWF said on Wednesday.

In backing the call, the companies commit not to source any minerals from the seabed, to exclude such minerals from their supply chains, and not to finance deep seabed mining activities, the WWF said in a statement.

Deep-sea mining would extract cobalt, copper, nickel, and manganese – key materials commonly used to make batteries – from potato-sized nodules which pepper the sea floor at depths of 4-6 kilometres and are particularly abundant in the Clarion-Clipperton Zone in the North Pacific Ocean, a vast area spanning millions of kilometres between Hawaii and Mexico.

“With much of the deep sea ecosystem yet to be explored and understood, such activity would be recklessly short-sighted,” WWF said in a statement.

The moratorium calls for a ban on deep seabed mining activities until the risks are fully understood and all alternatives are exhausted.

BMW said raw materials from deep-sea mining are “not an option” for the company at present because there are insufficient scientific findings to be able to assess the environmental risks. Google and Volvo did not immediately respond to emailed requests for comment.

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Stellantis plans to triple electric vehicle sales in 2021: Elkann

Stellantis plans to triple electric vehicle sales in 2021: Elkann

MILAN (Reuters) – Stellantis is looking at nearly tripling its global sales of electric vehicles this year, the head of holding company Exor, the carmaker’s main shareholder, said on Thursday.

The world’s fourth largest carmaker targets global sales of 400,000 high voltage vehicles this year from 139,000 in 2020 thanks to the launch of 11 additional models, John Elkann, who also serves as Stellantis chairman, said in a letter to Exor shareholders.

Stellantis, formed in January by merging Italian-American Fiat Chrysler and France’s PSA, wants to exploit its size to take on rivals in the race to produce more electric vehicles.

It plans to have fully-electric or hybrid versions of all of its vehicles available in Europe by 2025, broadly in line with plans of rivals such as Volkswagen and Renault-Nissan.

Reporting by Maria Pia Quaglia; editing by Agnieszka Flak

Analysis: Can Joe Biden recreate the U.S. economy he grew up with?

Analysis: Can Joe Biden recreate the U.S. economy he grew up with?

Over the latter half of his life, Biden, 78, saw the share of national wealth going to that middle class fall and the gains from U.S. growth concentrate in a handful of regions. Now, with a roughly $2 trillion investment package unveiled on Wednesday, Biden wants to reverse that half century trend and steer capital to neglected people and parts of the country.

Democrat Biden’s jobs and infrastructure plan and the corporate tax increase to help pay for it, contrasts with the deference to private markets begun by Republicans with Ronald Reagan’s election in 1980, and nursed through rounds of tax cuts and deregulation, by both parties.

Whether it was Bill Clinton’s moves to reduce social welfare and deregulate the financial sector, or Barack Obama’s hesitance to “go big” on spending in the last recession, there has been a reluctance by both parties to intervene too deeply for decades.

Rural and Rust Belt America faded and there was little progress on bridging the wealth gaps between Black and white.

Continue reading “Analysis: Can Joe Biden recreate the U.S. economy he grew up with?”

India launches biggest vaccination drive yet against a surging coronavirus

India launches biggest vaccination drive yet against a surging coronavirus