Presumably aspects of this case apply to automakers who are vigorously pursuing and promoting autonomous vehicle technologies.
The Securities and Exchange Commission today announced it settled charges against technology company NVIDIA* Corporation for inadequate disclosures concerning the impact of cryptomining on the company’s gaming business. Without admitting or denying the SEC’s findings, NVIDIA agreed to a cease-and-desist order and to pay a $5.5 million penalty.
NVIDIA is a US-based artificial intelligence (AI) computing company that is a significant automotive supplier for an important building block in a network of several individual ECUs (Electronic control units) used in automated and driverless vehicles. It goes by the name Drive Pegasus. Continue reading
West European Car Sales Decline in April to 8.8 Million
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The West European selling rate dropped to 8.8 million units/year in April, from 9.0 million units/year in March, according to the LMC Automotive consultancy.
“Supply chain bottlenecks still the key reason for the depressed level of registration statistics. The war in Ukraine, as well as lock-downs in China, will likely exacerbate supply issues, meaning vehicle sales will continue to suffer from a lack of adequate supply,” LMC said today.
“As a result, most countries in the region recorded double-digit drops in sales, including the four key markets: Spain (-30.2%), Italy (-29.7%), France (-19.5%) and Germany (-17.5%), said ACEA.* About 12.7 million Europeans work in the auto industry (directly and indirectly), or 6.6% of all EU jobs.
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