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Nissan (7201.T) said today that a trial with UC Berkeley and Contra Costa Transportation Authority showed how connected vehicles can help reduce congestion. Nissan’s Cooperative Congestion Management (CCM) trial resulted in 85% fewer hard-braking events and 70% less time stopped in traffic during 600 miles of testing. It’s the latest example of how connected vehicles can yield safety benefits, although there are still huge, unanswered questions about privacy rights and the lack of regulations with the impending monitoring by State and the Federal government entities. (Read AutoInformed.com on: State Privacy Laws Failing to Protect Your Data and IIHS Safety Award to Use Risky Driver Behavior Tech)*
“Our goal is to eliminate the waste of stop-and-go traffic,” said Zvi Guter, senior manager of mobility research, who is leading the CCM project at Nissan’s Silicon Valley lab. Continue reading
Magna Names Philip D. Fracassa CFO
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Magna (TSX: MG; NYSE: MGA) announced today the appointment of Philip D. Fracassa as Executive Vice-President and Chief Financial Officer (CFO), effective immediately. He succeeds Patrick McCann, who will step down after more than 26 years with Magna. To support a “seamless transition,” McCann will remain in an advisory role until the end of February 2026.*
“I would like to extend my gratitude to Pat for his significant contributions and partnership, particularly during a dynamic period in the global economy and our industry,” said Swamy Kotagiri, Magna President and Chief Executive Officer. “On behalf of the entire Magna team, we wish him the very best in his future endeavors.” Continue reading →