bingdb.info | The Voice of the Automotive World - Part 2- bingdb.info

Kroger Launches Driverless Delivery Pilot in Scottsdale

Debut echoes Waymo/Walmart partnership.

by on Aug.16, 2018

The Kroger project won't completely solve the "last mile" challenge. Customers still will have to go out and grab their bags from the delivery vehicle.

While it may take some time before you can hail a driverless ride-sharing vehicle, you may soon be able to have your groceries delivered autonomously – at least if you live in certain parts of greater Phoenix.

Kroger has teamed up with Nuro, a self-driving tech firm to launch a trial grocery delivery program in one part of the Southwest community, and could roll it out to other parts of the country if it proves successful. The move comes shortly after rival Walmart announced a similar pilot program pairing it with Google’s autonomous vehicle spin-off Waymo.

Stay on Top of Breaking News!

“Kroger wants to bring more customers the convenience of affordable grocery delivery,” Kroger Chief Digital Officer Yael Cosset said in a statement.

More »

Chinese EV Maker Nio Eyes $1.8B IPO on NYSE

EV maker joins other Chinese automakers on exchange.

by on Aug.16, 2018

Chinese EV maker Nio is preparing its $1.8 billion IPO for the New York Stock Exchange.

A Chinese electric vehicle start-up, Nio, which is backed by one of China’s largest technology companies, is preparing for a $1.8 billion initial public offering of its American depositary.

It represents the biggest U.S. listing by a Chinese automaker, according to reports from China.

We Keep You Plugged In!

Nio is backed by Tencent Holdings Ltd, a company with holdings the internet, technology and gaming as well as other ventures, including the emerging automotive-oriented mobility industry, has is seeking a float of up to $1.8 billion, according to its filing with the Securities and Exchange Commission. It will go public on the New York Stock Exchange under the symbol “NIO.”  More »

Ford Spending $740 M to Revamp Dilapidated Train Station, Campus

Automaker hopes to get $250M in assistance for the project.

by on Aug.15, 2018

A rendering of what Ford's new campus, including Michigan Central Station, in Corktown will look like.

Ford recently unveiled its plan to move its electric and autonomous vehicle operations into a campus in southwest Detroit, anchored by a historic train station the company plans to refurbish during the next few years.

The move to reinvent the former Michigan Central Station was hailed by Detroit politicians and neighborhood advocates; however, other than a nebulous figure of $4 billion it planned to invest overall, no real dollar amount for the new campus was released.

News Now!

Ford disclosed Tuesday at a meeting with community leaders it plans to spend $740 million to revamp Michigan Central Station, as well as other neighborhood sites. The automaker aims to turn the building into a campus of offices for up to 5,000 employees. More »

Spy Shots: Next Edge, Lincoln Nautilus Get Caught With Minimal Camo

Ford continues shifting focus to ute lines.

by on Aug.15, 2018

The new Lincoln Nautilus, formerly the MKX, in minimal camouflage is out for real-world testing.

Ford Motor Co. is planning some drastic changes over the next several years, the automaker all but abandoning its mainstream passenger car line-up in favor of SUVs and CUVs, reflecting one of the most dramatic transformations we’ve seen in decades.

Sometimes, big changes begin with small steps, and that appears to be the case as we look at these spy shots of two familiar models set for updates in the coming months. On the Ford side, that includes the popular Edge crossover, while we’ve also caught the Lincoln Nautilus, the renamed MKX, with minimal camouflage.

News You Can Trust!

We got our first look at a concept version of the Nautilus at the Los Angeles Auto Show last November, but the image here finally captures the upcoming production model. Lincoln’s stylists have reworked the design to include more luxury touches, five new sets of wheels as well as new colors. The Nautilus also comes with a bold new front grille that is distinctly Lincoln and emphasizes the all-new front end on the vehicle that reaches back to the A pillar and windshield. More »

“Drive High, Get a DUI”: Feds Tackle Drugged Driving

Concerns rise as more states legalize marijuana, and as opioid epidemic worsens.

by on Aug.15, 2018

NHTSA's new ad campaign will run through Labor Day, usually one of the most deadly weekends to drive.

“Drive High, Get a DUI.”

That’s the theme of a new ad campaign being launched today by the National Highway Traffic Safety Administration that reflects growing concern about the potential risks raised by the expanding legalization of marijuana and the rise in opioid addition.

As bingdb.info previously reportedly, tests indicate 44% of the drivers killed in U.S. car crashes in 2016 had the residue of drugs in their system – up from 28% a decade ago. Some data point to a rising death toll related to the growing, legal availability of marijuana, though not all research backs that up. Opioid use is also catching some of the blame.

Subscribe for Free!

Whatever drug one uses, “If you feel different, you drive different,” Heidi King the deputy administrator of the National Highway Traffic Safety Administration, said during an event in Nashville. “That’s the message we have for anyone using alcohol, marijuana or other drugs, whether obtained legally or illegally.”

More »

White House Knew Key Justification for Cutting Mileage Rules Was False

Reducing fuel economy standards will increase, not cut, highway deaths, according to EPA data.

by on Aug.15, 2018

The Trump Administration claimed that cutting the mileage standards would save lives, but internal EPA e-mails show the opposite to be true.

When the White House announced plans to rollback Obama-era fuel economy standards earlier this month, administration officials claimed the move would lead to a reduction in U.S. roadway fatalities. But senior staffers at the Environmental Protection Agency actually warned that quite the opposite was likely, and that the regulatory changes would increase highway deaths.

Internal e-mails sent by EPA officials to the Office of Management and Budget, or OMB, raise new questions about the plans to freeze the Corporate Average Fuel Economy, or CAFE, standards at 2020 levels, well short of the 54.5 mpg target that was to be phased in through 2025. And the messages appear to give new ammunition to those attempting to block the rollback in court.

Keeping Things Honest!

The “proposed standards are detrimental to safety, rather than beneficial,” William Charmley, the director of the EPA’s assessments and standards division wrote to the OMB on June 18, the interagency e-mail indicating highway fatalities could be expected to increase by 17 annually.

More »

Chevy Goes Big With Engines for New Tahoe, Suburban

Company offering 6.2-liter V8 in more trim levels.

by on Aug.15, 2018

The new Chevrolet Tahoe and Suburban Premier Plus Special Editions feature the 420 horsepower 6.2-liter V8 engine.

Facing renewed competition from the new Lincoln Navigator, General Motors is taking steps to beef up the market position of two of its most profitable vehicles, the Chevrolet Tahoe and Chevrolet Suburban.

Chevrolet is expanding the availability of the 6.2-liter V-8 engine within its full-size SUV line-up by introducing the Tahoe and Suburban Premier Plus special editions, GM said.

Product News!

The available 6.2-liter V-8 produces 420 horsepower and 460 lb-ft of torque. The engine comes with three state-of-the-art technologies — direct injection, Active Fuel Management and continuously variable valve timing — to make the most of power, torque and efficiency across a broad range of operating conditions. More »

Lincoln Pushing Dealers to Split from Ford Stores

Company offering incentives to build standalone locations.

by on Aug.14, 2018

Lincoln is pushing dealers with twin Ford-Lincoln dealerships to split those locations up, creating standalone stores, like Lincoln of Troy (Michigan).

Lincoln is the latest luxury brand looking to exploit the advantages of this trend: stand-alone dealerships.

After escaping death at the hands of former Ford CEO Alan Mulally nearly five years ago, the company is asking owners of Ford-Lincoln dealerships in 30 major markets to build separate stores for the Lincoln brand.

Subscribe Now!

The concept isn’t entirely new as plenty of automakers have asked dealers to do the same throughout the years, the most recent being Hyundai and Genesis, although that program is in its infancy. Lincoln has a bit of history with stores separate from Ford-branded outlets from the days when it was Lincoln-Mercury. More »

Musk, Tesla Board, Move Forward on Privatization Plan

Carmaker hires Goldman, Silver Lake to advise.

by on Aug.14, 2018

Whether Elon Musk could justify tweeing "funding secured" is a matter of hot debate.

Even as questions mount about CEO Elon Musk’s plan to take the automaker private, the car company’s board is beginning the necessary steps to evaluate a proposal, with investment firms Silver Lake and Goldman Sachs brought in to offer advice on what appears to be a Saudi-funded buy-out.

Those developments come just a week after CEO Musk tweeted his interest in taking Tesla private while also hinting that “funding (is) secured.” Precisely where the funding will come from has become a central question, though Musk on Monday put up a blog post indicating he has been meeting with managers of the Saudi Arabian sovereign investment fund who have expressed interest in backing the plan.

Tesla News!

Tesla, meanwhile, now faces a probe by the SEC, as well as at least two lawsuits filed last week questioning whether the South African-born executive’s proposal was, in reality, a “nuclear attack” on by short-sellers.

More »

Rising Inflation Challenges Profitability for Automakers

Car companies getting hit on rising material costs due to Trump tariffs.

by on Aug.14, 2018

Trucks are still protected in the U.S. by a 25% tariff, despite a lower tax on all other vehicles.

A rising rate of inflation now poses an additional threat to an auto industry already under pressure from new tariffs and trade restrictions.

From June 2017 to June 2018, the U.S. Consumer Price Index for All Urban Consumers rose 2.9%, the largest 12-month increase since the period ending February 2012, the U.S. Department of Labor. The Congressional Budget Office, in a report in which it indicated it expects U.S. economic growth to slow next year, also said this week it expects the rate inflation to top 3.1% through the last half of 2018.

News You Can Trust!

U.S. workers’ paychecks are worth less than they were a year ago, the Labor Department reported Friday, as modest wage gains have not kept pace with inflation. More »