Archive for the ‘Technology’ Category

Could Tesla’s High-Flying Ride on Wall Street be Ready to Come Crashing Down?

Shares head towards $200 for first time since 2016, as key analyst warns $10 is possible.

by on May.21, 2019

Tesla CEO Elon Musk has plenty to worry about as investors turn bearish on its stock.

After sliding to its lowest level since December 2016 on five days of losses, Tesla stock fell to its lowest level in nearly 30 months, at just above $200 — and one key analyst, Morgan Stanley’s Adam Jonas, warns Tesla could see the stock plunge to just $10 a share.

Not much has gone right for the California automotive upstart in recent months, starting with word that first-quarter sales had fallen well short of expectations. Its unexpectedly deep, $702 million loss for the quarter didn’t help. And the situation only grew worse when CEO Elon Musk last week ordered a “hardcore” belt-tightening covering “literally every payment that leaves our bank account.” Then, the National Transportation Safety Board weighed in, blaming a fatal March 2018 crash on Tesla’s much-ballyhooed Autopilot system.

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Even where the automaker appeared to pull off a coup, topping substantially what it had expected to raise with last month’s combination of stock and debt offerings, Musk told employees in an e-mail, that the $2.7 billion Tesla brought in “actually only gives us about 10 months at the Q1 burn rate to achieve breakeven!”

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General Motors Debuts New Digital Brain for Future Vehicles

New architecture allows for future connected car tech.

by on May.21, 2019

GM's new digital vehicle platform can process 4.5 terabytes per hour and will debut on the 2020 Cadillac CT5 sedan.

General Motors is pushing to remain a leader in autonomous technology with new vehicles and mobility services; however, it’s latest development may be the most critical to ensure it remains at the front of the pack.

The company unveiled its new all-new digital platform architecture, designed with the needs of future, such as connected cars, autonomous electric vehicles and other technologies, in mind. Until now, GM has been loading up its previous gen architecture with new tech, despite the fact it is more than 20 years old and comes with limitations.

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The new architecture, which will underpin the 2020 Cadillac CT5 sedan and its Super Cruise semi-autonomous driving feature, should be available across nearly all GM product lines by 2023, the company says. (more…)

Tesla Stock Getting Hammered as NTSB Investigates, Investors Fret

Musk tells employees that cash burn rate is high.

by on May.20, 2019

Tesla's Elon Musk has ordered employees to rein in spending on virtually everything.

Just a few days after safety regulators revealed that Tesla’s Autopilot system was engaged during a fatal crash of a Model 3, Tesla’s stock has fallen 11% – including nearly 4% today – to the low $200 range.

Adding to the concerns of stock and bond investors in the California-based EV maker, CEO Elon Musk revealed the company’s first-quarter cash burn rate has put it in a precarious position.

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He told employees last Thursday he would increase cost-cutting and that $2.7 billion in capital the company recent raised would give Tesla just 10 months to break even at the rate it burned cash in the first quarter. (more…)

Mercedes’ Electric, Semi-Autonomous ESF 2019 Concept Debuts Over a Dozen Potential Safety Breakthroughs

Even autonomous vehicles will occasionally crash.

by on May.20, 2019

Mercedes-Benz is rolling out its ESF 2019 to show off the semi-autonomous concept car.

The new Mercedes-Benz ESF 2019 started life out as just another midsize crossover, but the familiar GLE has undergone an array of modifications that could significantly improve the safety of passengers and pedestrians, the German automaker says.

These include changes to airbags, seatbelts and a child safety seat meant to make them more effective in a crash, as well as a steering wheel and pedals that retract when the ESF is operating in autonomous mode, and even an outside communications system meant to signal pedestrians and bicyclists what the vehicle is going to do next. There’s even a built-in robot that pops out of the back of the vehicle to warn oncoming traffic in the event of a crash.

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Some of the more than a dozen different innovations “are very close to series production,” said Ola Kallenius, the Daimler AG Executive Board member overseeing Mercedes-Benz Cars Development, though others “look well into the future.” (more…)

Another Automaker Abandons the V-8

Genesis will drop Tau V-8 when new G80 debuts this autumn.

by on May.20, 2019

The next version of the Genesis G80 will come to market without its familiar Tau V-8.

Way back in the late 1970s, when twin oil shocks and the then-new Corporate Average Fuel Economy mandate forced automakers to start focusing on energy efficiency, conventional wisdom had it that the V-8 would soon vanish. It didn’t quite work out that way and the engine of choice for many performance and heavy-duty vehicles has remained surprisingly robust.

But as global emissions and mileage regulations continue to tighten, the V-8 appears, once again, to be an endangered species, and the Hyundai Motor Group is the latest getting ready to throw in the towel.

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The Korean carmaker’s luxury brand Genesis plans to abandon its 5.0-liter Tau V-8 when it rolls out new versions of its two biggest sedans, according to the marque’s CEO. That phase-out will begin later this year with the launch of a new version of the G80.

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VW Unleashes Seven Sport Concepts at Southern Worthersee

SOWO show cars highlight options for both performance and off-road fans.

by on May.17, 2019

VW shows off its SOWO "enthusiast fleet."

Volkswagen has long had a history of rolling out some of its most creative niche products and concept cars at the annual Worthersee gathering in Austria. It has expanded that tradition by adding what it calls the SOWO event on Hutchinson Island in Savannah, Georgia.

Short for “Southern Worthersee,” the big gathering aims to entice VW fans this time around with seven concept vehicles featuring what it calls “sport performance add-ons and visual enhancements.”

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Considering the shift in global markets, and especially the U.S., from sedans, coupes and hatchbacks to SUVs, CUVs and other light trucks, it should surprise no one that this year’s crop of concepts includes versions of the latest Tiguan and Atlas crossover-utility vehicles. But Volkswagen traditionalists shouldn’t be disappointed, either, the automaker rolling out customized versions of the Golf, Jetta and new Arteon, as well. (more…)

GMC Tightens Up Premium Truck Segment with 2020 Sierra 1500

More technology and engine choices highlight new truck.

by on May.17, 2019

For 2020, the GMC Sierra gets a slew of new technology as well as a new engine offering.

The competition to produce the best-equipped pickup truck continued to get tighter today with GMC’s announcement that its “taking premium to the next level” for its 2020 Sierra 1500.

GMC’s full-size light-duty pickup can now get a slew of new options to take it up a notch, including expanded availability for its carbon fiber bed, 3.0-liter Duramax turbo-diesel and 10-speed automatic transmission, additional technology like Adaptive Cruise Control – Camera.

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While options are great, functionality is still king among truck users and GMC is looking to make a statement in that arena too. For 2020, the Sierra 1500 will be available with the upgraded ProGrade Trailering System introduced earlier this year on the 2020 Sierra HD. The updated system offers 15 camera views – the class leader –  an in-vehicle Trailering App which has been enhanced to simplify the trailering process. (more…)

“Hardcore” Belt-Tightening a Must, Says Tesla’s Musk

The “only way for Tesla to become financially sustainable.”

by on May.17, 2019

Tesla's Elon Musk has ordered employees to rein in spending on virtually everything.

Tesla will need to engage in some “hardcore” cost-cutting, CEO Elon Musk told employees in an e-mail late Thursday, a move that comes in the wake of an unexpectedly severe first-quarter loss.

The automaker earlier this month was able to raise $2.7 billion through a combination of stock and debt offerings, but investors have become increasingly wary of the challenges that face the automaker – Tesla facing substantial debt repayments on top of the costs involved in the development of an array of new products and a new plant in China.

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The latest cash infusion, according to Musk, will only let it go for another 10 months without getting back into the black, he wrote, which “is why, going forward, all expenses of any kind anywhere in the world, including parts, salary, travel expenses, rent, literally every payment that leaves out bank account must (be) reviewed.”

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With Over 11M Vehicles Expected to Use V2X tech, FCC Delays Decision on Needed Radio Spectrum

Some manufacturers look at alternatives, like 5G.

by on May.16, 2019

IHS Markit predicts the growth of V2X in the United States.

More than 11 million vehicles globally are expected to be equipped with connected-car technology, often known as V2X, by 2024, according to a new study by IHS Markit.

The technology is meant to allow vehicles to talk to one another, as well as an infrastructural network to share information like weather and traffic conditions and even when a stoplight is about to change. It can also alert a driver when another vehicle runs a red light, potentially saving lives.

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But some proponents fear the rollout of V2X technology could be delayed, at the least, because of an ongoing debate over the precise method that these systems will use to communicate. The radio spectrum that had been set aside is being coveted by groups like Comcast and CBS which would like to use it for alternative purposes, such as expanded Internet and WiFi services. (more…)

Tesla Updating Software After Latest Battery Fire

Two recent incidents raise new concerns about EV safety.

by on May.16, 2019

A security camera caught images of a Tesla spontaneously catching fire in a Hong Kong garage.

Responding to the latest in a series of fires involving its electric vehicles’ battery packs, Tesla will updated its digital control software.

The move comes in the wake of a pair of fires in China, a critical market for the manufacturer, both involving parked vehicles. Since the original Tesla Model S was introduced, the company’s products have been involved in more than a dozen vehicle fires.

Electrifying News!

“As we continue our investigation of the root cause, out of an abundance of caution, we are revising charge and thermal management settings on Model S and Model X vehicles via an over-the-air software update that will begin rolling out today, to help further protect the battery and improve battery longevity.” Tesla said in a statement released on Wednesday.

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