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Category Archives: mobility company
GM to Make CAMI a Commercial Electric Vehicle Plant
This investment and Canadian workforce will make CAMI into Canada’s first large-scale auto plant converted to produce electric delivery vehicles. GM says work begins immediately to transform the CAMI over the next two years from Chevrolet Equinox production to the production of EV600s, to serve the growing North American market for electric delivery solutions. Continue reading
BrightDrop? New GM Business Will Electrify, Improve Goods and Services Delivery
BrightDrop introduces GM’s Ultium platform to the commercial vehicle segment and has Level 2 and DC fast charging capabilities. FedEx Express will be the first customer of BrightDrop. An EP1 pilot program has been completed in partnership with FedEx Express. During the pilot, FedEx Express couriers were able to handle 25% more packages effectively and safely per day with the EP1s. FedEx couriers said that the EP1s were easy to maneuver and reduced physical strain. Continue reading
Posted in milestones, mobility company, news analysis, transportation
Tagged auto industry commentary, autoinformed, autoinformed.com, BrightDrop, FedEx, Ken Zino
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Alexa Voice Now Available on FCA’s New Fiat 500 EV
The launch Alexa on the Fiat 500 continues a global collaboration between FCA and Amazon. FCA customers were initially introduced to Alexa through FCA’s custom Alexa Connected Car Skills, including MyJeep and MyAlfa, which allows customers with Alexa-enabled devices at home to easily ask Alexa to check the battery level of the car, lock/unlock doors, among other trifles. The integration of Alexa on the Uconnect Services suite “deepens the experience by bringing Alexa into the vehicle itself” claims FCA. Continue reading
Lyft and Motional to Deploy Fully Self-Driving Vehicles in 2023
Lyft with abundant self-interest and General Motors backing claims a rideshare network is “vastly important to making AVs become a reality.” This thesis in search of proof will balance AVs operating on Lyft’s network with human drivers and other options including bikes, scooters, and transit. Lyft claims it can ensure riders always have reliable transportation options regardless of where they need to travel. Lyft also claims that riders want a ride to arrive within minutes of requesting one and it’ll take years for AVs to reach the scale and technological sophistication needed to meet this service level for all ride scenarios. Rideshare networks might be where riders experience self-driving technology for the first time. Continue reading
Toyota to Cut AA Shares for Sustainable Development
If the transaction proceeds, shareholders who by exercising their voting rights to a “high degree” have actively participated in the management of TMC will no longer be of concern to TMC management. Environmental, social and corporate governance issues – so-called ESGs – are at the heart of a growing movement to measure the sustainability and societal impact of an investment in a company or business. The theory – yet to be convincingly proven in AutoInformed’s view – is that this will help predict the future financial performance of companies. Continue reading
Japan Hydrogen Association Bolstered by Toyota Membership
JH2A says that it will work with various stakeholders to ensure Japan continues to lead the world in the use of hydrogen, which is expected to play a central role in combating global warming. Continue reading
J.D. Power Completes ALG Acquisition
The money involved right now is breathtaking. Determining an accurate residual value – the value of a vehicle at the end of a lease term is the underpinning of auto leasing because it allows dealers and manufacturers to set the most competitive lease terms today, while protecting their profits tomorrow. About one-third of new vehicles sold each year are leased, typically for a three-year term. At any point in time, the value of vehicles in outstanding lease portfolios is estimated at $500 billion by Power. Continue reading
Vijay Sankaran Rejects Information Officer Job at Ford
Ford has previously said that Sankaran, 47, had accepted an offer to become Ford’s chief software and information officer beginning this week, after serving seven years with TD Ameritrade. Continue reading
Posted in mobility company, people
Tagged auto industry commentary, autoinformed, autoinformed.com, Jim Farley, Ken Zino, Vijay Sankaran
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JLR to Use Irish Smart City Hub for Self-Driving Tests?
Timing is everything. Amid the Brexit disaster, Jaguar Land Rover is working with global software, mobility and telecoms companies to create a smart city hub in Ireland. If this ever comes about on the scale envisioned, it will allow real-world testing of connected technology where self-driving vehicles share the streets with cars, pedestrians and cyclists. The testbed will be in the Limerick-Shannon metropolitan area at Shannon Free Zone, Shannon, Co. Clare. The future of Irish trade, political sovereignty and access to the EU is dependent on the resolution of Brexit. Jaguar Land Rover is the UK’s largest automotive manufacturer. Continue reading
General Motors to Add 3000 New Jobs to Advance Virtual Testing and Software Skills
“As we evolve and expand our software expertise and services, it’s important that we continue to recruit and add diverse talent,” said GM President Mark Reuss. “This will clearly show that we’re committed to further developing the software we need to lead in EVs, enhance the customer experience and become a software expertise-driven workforce.” Continue reading
2022 Bolt EV Has More Info on EV Power Flow Screen. What It Needs is Less Price
The Bolt EUV will be the first electric vehicle from Chevrolet to offer Super Cruise2, the industry’s first true hands-free driver assistance system for divided and compatible highways. The refreshed Bolt EV and the Bolt EUV will go into production in summer 2021. Continue reading
Posted in alternative fuels, auto news, connected vehicles, electric vehicles, electronics, engineering, global warming, marketing, mobility company, news analysis, software defined vehicles
Tagged 2022 Bolt, auto industry commentary, autoinformed, autoinformed.com, bolt ev, Ken Zino
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Toyota Sustaining Some Profits During FY 2021 Covid Crisis
In Japan this morning Toyota Motor said that during the first half of Fiscal Year 2021* during the Covid Crisis that profits were maintained even though sales, operating income and margins dropped drastically. Furthermore a special dividend would be declared that appears risky given the ongoing spread and re-emergence of Covid in most of its major markets. Continue reading
Leasys Tweaks Noleggio Chiaro with ‘Light’ Model
The new Noleggio Chiaro light allows customers to rent a vehicle at a competitive monthly fee with a minimum set of services, which include Third-Party Liability (TPL) insurance, roadside assistance, I-Care info-mobility service and the customary use of the Leasys app to manage the contract from a smartphone. This package of essential services allows customers to benefit from the right of pre-emption to buy the vehicle at the end of the rental period. Continue reading
Posted in marketing, mobility company
Tagged auto industry commentary, autoinformed.com, FCA Bank, Ken Zino, Noleggio Chiaro
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New Mercedes-Benz Strategy Aimed to Help Higher Profits
This follows the Q2 Daimler disaster. The COVID pandemic or the Grim Reaper saw a decline in demand for cars, vans, trucks and buses. Group total sales decreased by -34% to 541,800 cars and commercial vehicles (Q2 2019: 821,700). Revenue slipped significantly by -29% to €30.2 billion (Q2 2019: €42.7 billion). EBIT was minus -€1,682 million (Q2 2019: minus -€1,558 million). Adjusted EBIT was -€708 million (Q2 2019: plus €2,447 million). Continue reading
GM, Cruise, Microsoft to Commercialize Self-Driving Vehicles
Microsoft will join General Motors, Honda and institutional investors in a combined new equity investment of more than $2 billion in Cruise, bringing the post-money valuation of Cruise to $30 billion. Founded and headquartered in San Francisco, Cruise’s stated goal is to build the world’s most advanced self-driving, all-electric, shared vehicles. GM will launch 30 new electric vehicles globally by 2025. Continue reading →