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automakers

$50 billion merger of leading automakers creates global behemoth

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Leading automakers Fiat Chrysler Automobiles and Groupe PSA have agreed a $50 billion merger, creating the biggest automaker in Europe and the fourth-largest in the world in the process.

Completion of the proposed merger is expected to take place in 12-15 months, subject to regulatory requirements and approval by both companies’ shareholders.

Carlos Tavares, chairman of the managing board of Groupe PSA, says: “Our merger is a huge opportunity to take a stronger position in the auto industry as we seek to master the transition to a world of clean, safe and sustainable mobility and to provide our customers with world-class products, technology and services. [Read more…] about $50 billion merger of leading automakers creates global behemoth

Magna celebrates growing footprint in China with two grand opening events

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Magna held two grand opening ceremonies last month in China, for new factories in Changsha and Shanghai.

The new plant in Changsha, a joint venture with GAC subsidiary GAC Component Co., Ltd. (GAC Component), began production of composite liftgates for a global automaker’s crossover vehicle in late 2018.

Last month, Magna’s plant in Shanghai started production on active aerodynamic grille shutters for an American brand producing multiple vehicle platforms for the China market.

[Read more…] about Magna celebrates growing footprint in China with two grand opening events

US government set to change driverless vehicle regulations under pressure from automakers

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US President Donald Trump is set to announce “within the next few months” new regulations that will eliminate the barriers to autonomous cars on the roads, according to a report on Reuters. 

The current transportation secretary, Elaine Chao, acknowledged that automakers have been calling for rule changes which will give them more freedom to test and develop autonomous cars.

Chao says: “The pressure is mounting for the federal government to do something. We don’t want rules that impede future technological advances.”  [Read more…] about US government set to change driverless vehicle regulations under pressure from automakers

Toyota demonstrates robot to make elderly people walk faster

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By Naomi Tajitsu, Reuters

Japanese automakers are looking beyond the industry trend to develop self-driving cars and turning their attention to robots to help keep the country’s rapidly graying society on the move.

Toyota said it saw the possibility of becoming a mass producer of robots to help the elderly in a country whose population is ageing faster than the rest of the world as the birthrate decreases.

The country’s changing demographics place its automakers in a unique situation. Along with the issues usually associated with falling populations such as labor shortages and pension squeezes, Japan also faces dwindling domestic demand for cars.

Toyota, the world’s second largest automaker, made its first foray into commercializing rehabilitation robots on Wednesday, launching a rental service for its walk assist system, which helps patients to learn how to walk again after suffering strokes and other conditions.  [Read more…] about Toyota demonstrates robot to make elderly people walk faster

Auto manufacturers refusing to take responsibility for their robot car failures, says campaign group

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Outspoken safety advocate says the same week in which Volkswagen pleaded guilty to felonies in connection with vast emissions deception, the automaker claimed it would stand on its record when it comes to autonomous vehicles

The Safe Autonomous Vehicles Campaign says that out of more than a dozen automakers it challenged to take responsibility for failures in their autonomous vehicle technology, only Volvo has publicly agreed to accept responsibility for their robot cars at some levels of automation.

Meanwhile, the campaign noted that VW, just days after pleading guilty to a massive effort to deceive customers, responded to the challenge by pledging that its “long track record … stand on its own merits”.  [Read more…] about Auto manufacturers refusing to take responsibility for their robot car failures, says campaign group

US President Donald Trump pressures automakers to increase production in the US

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By David Shepardson and Roberta Rampton, Reuters

US President Donald Trump pushed the chief executives of General Motors, Ford, and Fiat Chrysler to increase production in the United States and boost American employment.

Trump opened a meeting with GM CEO Mary Barra, Ford CEO Mark Fields and Fiat Chrysler CEO Sergio Marchionne at the White House by saying he wants to see new auto plants built in the United States.

The new Republican president vowed to cut regulations and taxes to make it more attractive for businesses to operate in the United States. He promised frequently during his election campaign to be a job-creating president and stressed that message in his inaugural speech last Friday.  [Read more…] about US President Donald Trump pressures automakers to increase production in the US

Consortium of car companies to build massive power network for electric vehicles

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A consortium of companies which includes some of the leading automakers has agreed to build what they say will be an “ultra-fast, high-power” charging network along major highways in Europe. 

The joint venture includes BMW, Daimler, Ford, and Volkswagen, which owns the Audi and Porsche brands.

The group says it will build a direct current network of approximately 400 charging points for battery electric vehicles.

In a joint statement, the consortium says this is an “important step” towards facilitating mass-market battery electric vehicle adoption.

The network itself will be based on the Combined Charging System standard technology, and will expand the existing electric vehicle charging infrastructure in Europe.

Individual charging points will enable motorists to use DC current to fast-charge their vehicles with 350 kW of power, say the companies.

At the moment, the country with the highest number of charging points is the United States, followed by the Netherlands and Germany.

This is according to OpenChargeMap.org, which says there are approximately 80,000 charging stations across more than 40,000 locations around the world.

Intel commits $250 million extra to autonomous driving technology

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intel connected car

Intel will invest an additional than $250 million into developing autonomous driving technology, says CEO Brian Krzanich.

Intel plans to help make fully autonomous driving a reality, acknowledges its decision signifies “how critical the automotive market has become for the company”.

Krzanich, who made the announcement at the LA Auto Show recently, says the new investment is part of the company’s ongoing work with automakers and system suppliers to help integrate advanced technologies into cars.  [Read more…] about Intel commits $250 million extra to autonomous driving technology