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D20 Hits New High With Volvo AB as it Welcomes Autoliv to the Index

It was a banner week for the Driverless Transportation Weekly Stock Index (D20), which hit a new all-time high thanks to gainers like Volvo AB, while also welcoming a new stock into the mix.

This week the D20 welcomed Autoliv (NYSE:ALV) to the index. Autoliv replaces Mobileye (MBLY), which announced its purchase by Intel (INTC) on March 13, 2017 and completed the transaction in August.

Autoliv has 2016 revenues of $10 billion from the sale of passive and active automotive safety systems including components and systems required for driverless operation.  Autoliv (ALV) marked its debut in the D20 by adding 3 percent to its value as its stock price jumped from $106.07 to $109.27 a share.

The D20 overall ended the week at a new all-time high by rising 2.1 percent and closing at 226.56. Its third consecutive “up” week also beat the Dow, which managed a 0.8-percent gain, and the S&P 500, which climbed 1.4 percent to close at 2476.55.

D20’s leading price percentage gainer was the Swedish truck and heavy equipment manufacturer, Volvo AB (STO:VOLV-B). Its price jumped 6.7 percent to close at 145.60 SEK on news that its cost-cutting efforts and construction equipment sales growth drove a 58 percent surge in its first quarter earnings.

Visit the Driverless Transportation D20 Stock Index page to learn more about it and its component stocks.

Up-and-Comers:

Grab, Uber’s main rival in Southeast Asia, has announced that it has taken an investment from Toyota for an undisclosed amount. The investment comes from Toyota Tsusho, Toyota’s general trading company. There is a second element to the transaction in which Grab will share driving pattern data for 100 Toyota cars in Grab’s fleet that is collected by Toyota’s driving recorder, Translog. The large international automotive brands all seem to be buying into the ride-sharing industry. First, General Motors invested in Lyft. Volvo and Daimler Benz have partnered with Uber, and before Toyota’s investment, Honda had also invested in Grab.

NVIDIA rebound lifts D20

After a down week last week NVIDIA (NVDA) returned to its winning ways, leading the Driverless Transportation Weekly Stock Index to an unlikely rebound. Eight D20 price gainers overcame twelve price losers and forced the improbable bounce as the D20 added 1.3 points or 0.6 percent while both the Dow and S&P lost value.  With the markets jittery about the events in Charlottesville, the Dow dropped 183.81 points to close down 0.8 percent at 21674.51 and the S&P lost 0.6 percent and closed at 2425.55.

NVIDIA was the D20 percentage price gainer adding 3.6 percent to its stock value and closing at $161.50.  Last week’s sell-off despite good news about over achieving on quarterly earnings and sales seems to finally have reversed itself.  In other NVIDIA news, it has invested in Chinese autonomous trucking startup, TuSimple.

Visit the Driverless Transportation D20 Stock Index page to learn more about it and its component stocks.

Up and Comers:

Rumors are that Uber is close to naming GE’s ex-CEO, Jeffrey Immelt, to its recently vacated CEO position.  Uber has gone through a gauntlet of issues starting with sexual harassment accusations of a toxic work environment, to Waymo’s lawsuits claiming that Otto, which Uber acquired last summer, stole trade secrets, and now with a fired CEO founder, Travis Kalanick, and a Board of Directors in open dispute.  If Immelt takes the position he will have the fall-out of those issues and a competitor, Lyft, which has taken advantage of Uber’s public missteps to grow its market share from 15.2 percent last year to 22.9 percent in July, according to Second Measure.

Innoviz, Israeli start-up, has been selected by automotive supplier and D20 constituent, Delphi (DLPH), to be its LiDAR supplier. Delphi has recently declared a shift in focus emphasizing supplying the auto parts market with high tech and driverless solutions.

News Roundup: Self-Driving Car Systems ‘Tricked’ By Vandalized Road Signs, Ultra-Modern Driverless Pods to Debut in Dubai, and More

Jennifer van der Kleut

Some of the most interesting headlines to come out of the driverless and connected-vehicle industries over the past week:

U.K. government: Car sellers will be held responsible if cars are hacked

In a surprising and bold move, the British government’s Department of Transport on Sunday, Aug. 6 released new guidelines regarding cybersecurity of connected vehicles. In particular, the guidelines state that in cases where a connected vehicle’s system is hacked, the board members of the company that sold the breached vehicle will be held accountable. Furthermore, the guidelines state that “companies should build in-house knowledge of security threats, while getting help from third parties where appropriate,” such as by utilizing open-source platforms and peer-reviewed code when appropriate. The companies “need to be able to support data forensics if something goes wrong,” the department stated. Read more from Fortune Magazine.

 

Researchers discover that graffiti on road signs can trick self-driving cars into driving dangerously

In a rather disturbing new discovery, researchers announced this week that many self-driving car systems can be fooled by simple graffiti on road signs. “Placing stickers or posters over part or the whole of a road sign could be used to trick the smart car into ignoring stop signs, even if visually they appear the same to the human drivers,” said a team of researchers at the University of Washington. In particular, the study revealed that stickers added to a stop sign tricked a self-driving car’s software into thinking it was a speed limit sign for 45, so the car drove right through the stop sign. In another example, by simply altering the color of a right-turn arrow on a road sign, the self-driving car’s software misinterpreted the sign to be a stop sign, and stopped in the middle of traffic. The team said they hope the results of their study help developers to build better defense systems in autonomous vehicles. Read more from The Telegraph

 

Careem’s ultra-modern driverless pods to hit Dubai streets soon

The Middle East is fast becoming a transportation innovation powerhouse. Careem, the Middle East-based tech company behind the highly successful car-booking app of the same name, announced that their sleek, ultra-modern driverless pods will soon be hitting the streets of Dubai. Overall, Careem says they aim to have at least one-quarter of all vehicle trips in the emirate to take place in a driverless vehicle by the year 2030. Careem recently announced the wrapping up of the company’s Series E funding, bringing the company’s total valuation to around $1 billion. Significant recent investors hail from the U.S., Germany and Saudi Arabia. In addition, Careem’s self-driving software was created in partnership with California-based NEXT Future Transportation, and Careem’s navigation system now integrates with Google Maps. In another impressive innovation, Careem contracted with Digital Barriers for its new driver facial recognition system, which will virtually eliminate cases of car theft by preventing cars from operating for anyone other than the car’s owner or other approved users. Careem’s car-booking app operates in 80 cities worldwide, and boasts roughly 6 million users. Read more about Careem from ZDNet.

Image: Rendering of Careem’s driverless pods that will soon hit the streets of Dubai. Credit: Careem

News Roundup: China’s New Driverless Transit Doesn’t Need Tracks, Trump Administration Addresses Driverless Vehicle Guidelines, and More

Jennifer van der Kleut

A roundup of some of the most interesting driverless industry headlines of the past week:

China shows off new train-bus-tram hybrid that doesn’t even need tracks

Rail transit firm CRRC recently showed off the future of transportation for China. It’s called a “smart bus,” but the industry is describing it as a train-bus-tram hybrid that doesn’t even need tracks. The smart bus can navigate itself without a driver, and needs only lines painted on the ground–no tracks necessary. The prototype vehicle is 32 meters long and can hold a whopping 307 passengers over three connected rail cars, and engineers say rail cars can be added or subtracted as needed. The vehicle can travel at speeds of up to 70km (43.5 miles) per hour and can go a distance of up to 25km (15.53 miles) after charging its lithium battery for just 10 minutes. The official name of the system will be called ART – short for Autonomous Rail Rapid Transit — and government officials say it will debut on a 6.5-km track painted through the city of Zhuzhou beginning in 2018. Officials say it will bring down the costs of public transportation from more than $100 million per km for the existing subway system, to just over $2 million per km for an ART line. Read more from Mashable.

 

Trump administration promises new driverless guidelines by end of year

U.S. Transportation Secretary Elaine Chao met with automakers in Detroit Monday and spoke briefly about the Trump administration’s plans for driverless cars. Chao promised a revised set of guidelines, different from those released near the end of former President Obama’s second term in September, by the end of this year. Many expect guidelines under President Trump to have a “lighter touch.” Chao pointed to cases such as California, where the number of companies testing the technology is up from just four in 2014 to 30 today, seemingly as proof that looser regulations are helping the technology to progress faster. However, Chao addressed Silicon Valley directly and encouraged more companies to be willing to share data, to help the government learn more about the technology as they work to create the best guidelines for the country. Read more from The Detroit News and The Hill.

 

Lyft adds Boston-based nuTonomy to its list of high-profile driverless car partners

Not long after just announcing a driverless car partnership with Google’s Waymo, ridesharing company Lyft has announced another lucrative project, this time with Boston-based tech firm nuTonomy, for another pilot project. The project will reportedly kick off in the coming months and the first item on its to-do list will be “R&D into the passenger experience,” Lyft CEO and co-founder Logan Green reportedly said in a conference call. Green added, if all goes well, the partnership “could lead to thousands of nuTonomy cars on the Lyft platform.” nuTonomy is known for piloting the world’s first driverless car ridesharing program in Singapore, and recently started testing driverless cars in Boston, where the company is based. Read more from Forbes.

 

Image: Still of Chinese ART rail car from YouTube video by CGTN

News Roundup: Baidu Surprises By Offering Up Its Driverless Technology to the World For Free, Autonomous Trains to Debut in Delhi This June, and More

Jennifer van der Kleut

A roundup of some of the most interesting headlines to come out of the driverless and connected-car industries this week:

Baidu challenges the likes of Google, Tesla by offering its driverless tech to all

Chinese tech giant Baidu surprised industry analysts this week by offering up its driverless vehicle software to the world in what many are calling an attempt to challenge the likes of Tesla Motors and Google. Baidu is naming the project Apollo and says it will offer automakers all the tools they need to build an autonomous vehicle. “Essentially, Baidu is trying to become to cars what Google’s Android has become to smartphones – an operating system that will power a number of driverless vehicles,” CNBC explains. Baidu has been investing heavily in autonomous drive technology over the past year or two. The company has already tested driverless cars on highways in Beijing, and recently obtained a permit to test in California. Read more from CNBC.

 

Driverless Metro trains to debut in Delhi in June

Indian news media is reporting that Delhi Metro Rail Corporation (DMRC) is putting the finishing touches on a new system capable of operating without a driver, and says the public will be able to ride on it come June of this year. The trains will run on only two lines: Pink, which runs between Mukundpur and Shiv Vihar, and Magenta, which runs between Botanical Garden and Janakpuri west, covering a distance of 96 km. Testing took place between October and December of last year. Additional tracks are also being built, and testing will take place in new areas later this year. Read more from the Hindustan Times.

 

Grand Theft Auto 5 being used as simulation environment for driverless systems?

Possibly, soon. Professor Alain Kornhauser, professor of operations research and financial engineering at Princeton University, described the video game “Grand Theft Auto V” as “the richest virtual environment that we could extract data from” this week when speaking to media outlets. The actions of more than 1,000 virtual drivers and pedestrians in the game, along with “disordered roads” and changing weather offer a wealth of unpredictable conditions that can help teach artificial intelligence of driverless systems to respond safely, making the game a top-recommended game for developers to use as a training simulator. Read more from Engineering & Technology magazine.

Photo: A Metro train in Delhi, by Delhi Metro Rail Corporation

News Roundup: A New ‘Language’ for Driverless Cars That Recognizes Hand Signals, Autonomous Buses Help Paris Address Smog, Traffic Problems, and More

Jennifer van der Kleut

A look at some of the biggest headlines to come out of the driverless car industry recently:

New ‘language’ for driverless cars helps them recognize pedestrian hand signals

A team of four researchers from Imperial College London and Royal College of Art in the U.K. have developed a new “language” for self-driving cars called “Blink.” They say the language will teach self-driving cars how to recognize pedestrian hand signals. This will make it possible for pedestrians to wave at driverless cars to signal that they want to cross the street in front of the cars, which will trigger the car to stop and display a “green light” on the windshield letting the pedestrian know it’s safe to go. Or, conversely, they can wave the car off, letting the car know it’s safe to keep going. The developers say they hope the technology helps increase humans’ comfort level in interacting with driverless car technology. Read more from Deloitte.

 

Driverless buses arrive in Paris

Two autonomous shuttle buses began transporting passengers between two train stations in Paris in the last few weeks. The buses, built by renowned autonomous bus company EasyMile, can transport 12 passengers each and are completely autonomous, as well as electric. City officials say they are not only excited to try out the EZ10 buses because of their interest in driverless technology, but also because Paris is struggling with problems of smog and traffic congestion, and they are confident this new innovation can help offer solutions to both problems. Read more and see photos from DigitalTrends.com.

 

Ford invests $1 billion in self-driving car company

Ford Motor Co. announced this week that it will invest $1 billion over the next five years in Argo AI, a company that will provide driverless technology for a self-driving car Ford plans to introduce in 2021. Argo AI representative said the company is now looking for a Pittsburgh headquarters, and will hire about 200 people here and in other cities. Ford said the amount of top talent found at Argo AI and in the Pittsburgh auto industry helped solidify the decision for them. Read more from the Pittsburgh Post-Gazette.

Photo: An EasyMile EZ10 autonomous shuttle bus / Credit: EasyMile

News Roundup: Ford Introduces ‘SmartLink’ Connected-Car Plug-In For Older Vehicles, U.S. Lawmakers Consider Car Cybersecurity Bill, and More

Jennifer van der Kleut

A roundup of interesting headlines from the driverless and connected-car worlds over the past week:

Ford designs new device to turn older cars into connected cars

Ford Motor Co. has created a new device called SmartLink that can plug into older cars through the OBD link II and turn them into fully connected cars. The SmartLink includes a 4G LTE modem on board, letting it act as a Wi-Fi hotspot for up to 8 devices in the vehicle. It also enables remote start, lock and unlock functions, and can send alerts to a car owner via a companion web and mobile app to let them check the car’s diagnostic health, and get alerts related to security and service requirements. SmartLink was designed to work with Ford and Lincoln cars built between 2010 and 2016. Read more from TechCrunch.

 

Driverless bus debuts in Atlanta before embarking on U.S. tour

The Alliance for Transportation Authority offered rides in an autonomous, 12-passenger bus in Atlanta on Thursday to kick off a U.S. tour. The tour, which will take the bus to other major cities in states such as Texas and California. Representatives of the Alliance hope the tour, and free rides on the shuttle, will improve public perception of self-driving cars, which they see as one of the biggest barriers to the implementation of the technology. Read more from the Albuquerque Journal.

 

U.S. lawmakers introduce bill to study cybersecurity in connected cars

With at least 90 percent of cars on U.S. roads expected to have connected-car features by 2020, U.S. lawmakers on Wednesday introduced a bipartisan bill in the U.S. House of Representatives that would direct the National Highway Traffic Safety Administration (NHTSA) to study cybersecurity in vehicles. Named “The Security and Privacy in Your Car Act,” the bill requires the NHTSA to work with the Defense Department, the Federal Trade Commission, the National Institute of Standards and Technology, the Automotive Information Sharing and Analysis Center, SAE International, and academics and manufacturers in the automotive industry to set a standard for safety in all connected cars. Together, the group will study how to isolate software systems in vehicles, create a system to prevent and detect hacks, determine best practices for storing data and create a timeline for how to implement these standards. Read more from GeekWire.

Photo: Ford SmartLink plug-in / Credit: Ford Motor Co.

News Roundup: Dubai Residents Get Free Rides on Driverless Shuttle, Blackberry Expands Partnership with Ford Motor Co., and More

Jennifer van der Kleut

A look at some of the most interesting headlines to come out of the driverless, connected-car world this week:

 

Mercedes exec aims to clarify statement made on whether it would prioritize safety of car occupants over pedestrians in driverless car accidents

It’s an ethics dilemma that has caused controversy for years when it comes to talk of a driverless future–if a driverless car is faced with the choice of plowing ahead into a pedestrian, or veering to avoid the pedestrian but potentially crashing the car into a median and risking the lives of the car’s occupants (or any number of similar no-win traffic situations), which is the right choice? Well, it appeared at a recent public appearance by Christoph von Hugo, Mercedes manager of assistance systems, active safety and ratings, that Mercedes planned to always prioritize the safety of a car’s occupants over a pedestrian when he said, essentially, “save the life you know you can save.” However, Mercedes now appears to be backing away from those comments after backlash from outlets who surveyed consumers and found that many people would be uncomfortable riding in a driverless car programmed to sacrifice the life of the imagined pedestrian. Read more on Mercedes’ position (or lack thereof) from BT.com.

 

Dubai residents treated to sneak-peek rides on driverless shuttle

Dubai pedestrians were treated to a surprise glimpse into the future recently when Road and Transport Authority officials offered them rides in their new driverless shuttle. The vehicle was part of a public transport trial by the emirate’s Roads and Transport Authority (RTA). The automated, 12-passenger shuttle bus carried passengers down a 700-metre stretch of Sheikh Mohammed bin Rashid Boulevard, between a stop opposite Dubai Opera and the Vida Downtown Dubai hotel. After their ride, officials asked passengers to fill out a survey assessing their confidence in the technology, and whether they thought it was a passing fad. Read more from The National.

 

Blackberry expanding partnership with Ford, Ford will replace Microsoft’s Sync with Blackberry’s QNX platform

Since acquiring the QNX platform in 2010, Blackberry is reportedly focusing on a lucrative partnership with Ford and hoping it will pull them in a profitable new direction since abandoning their smartphone business. As part of a new agreement between Ford and Blackberry, reported by Blackberry recently, Blackberry will dedicate a team of engineers to work with Ford on replacing Ford’s current Sync by Microsoft infotainment system with QNX. Industry analysts say this bodes very well for Blackberry’s future as they transition from a hardware to a software company. Read more about the Ford-Blackberry partnership from TechRepublic.

How Do You Buy a Million Cars When You Can’t Make a Dime?

Burney Simpson

The summer of 2016 is proving a topsy-turvy time for driverless industry as headwinds buffet ridesharing technology firms Uber and Lyft and auto OEMs foresee fully autonomous vehicles in a few years.

Isn’t this supposed to be a quiet time for business? Take a breather, sit by the water, and eat some Michigan cherry burgers.

Not in transportation technology.

For instance, Ford announced it was working to launch fully autonomous automobiles by 2021. BMW, Intel and Mobileye joined to say they will have vehicles in production for the same target date. Ridesharing titan Uber says it will launch this month driverless vehicles in Pittsburgh, though some employees will be in the car to ensure safety.

Forget the 10 years down the road baloney. We’ll be Level 4 Autonomous in three to five years.

Yet for all the excitement there’s been some downer news.

A number of outlets reported that Lyft was seeking a buyer, despite the $500 million that GM pumped into it earlier this year. (Lyft later denied the buyer story, blaming it on archrival Uber). Earlier this year Lyft pledged to its investors to keep its U.S. losses under $50 million a month.

And Bloomberg reported that Uber told its investors it lost $520 million in the first quarter, and more than $750 million in the second. This after losing about $2 billion in 2015. That must have played a part in Uber’s decision to sell its China operations to competitor Didi Chuxing.

SHAKY FOUNDATIONS

It’s valuable to keep in mind the shaky foundations of Uber and Lyft because the two have been touted as an important foundation for the growth of autonomous vehicles.

Supposedly car owners are going to shift to ridesharing to get around, abandon their cars, and start trying out all kinds of shared transportation options. That means mass transit, bike share, car share, semi-customized bus lines, even walking for crying out loud.

No more Single Occupancy Vehicles. American commuters unite. You have nothing to lose but your fat guts and bubbly butts.

The theory is that Uber, Lyft and other transportation providers will buy hundreds of thousands, maybe millions, of autonomous vehicles from BMW, GM, Ford, etc.

They’ll phase out their human drivers, the most expensive part of their operations, and offer driverless vehicles that get you to work. For the ride home you’ll be allowed to drink and not drive. Just in time for legal marijuana baby!

Moovel2But if these guys can’t make money now, how do they buy/lease a million high-tech autonomous cars? Does Uber go back to investors like Goldman Sachs and Benchmark Capital for another $16 billion? It sounds like investors have told Lyft to stop the losses, despite whatever it denies.

Look, there’s been some great news for the ride sharers too. Lyft provided nearly 14 million rides in July, while Uber churned out 62 million.

Lyft President John Zimmer told Business Insider his company is on its way to providing $2 billion worth of rides. Uber, valued at $69 billion, will use the $1 billion it received from Didi to get out of China to grow in Southeast Asia or battle Lyft in the U.S.

But consider this – investors can be fickle, as proven by several tech bubbles already this century; Lehman Brothers is just the latest giant to have a huge valuation before it crumbled; and the stock market is hitting record levels.

Transportation technology offers an intriguing mix of glamour and grease that the VC geniuses love. For the rest of us it’s vital to see through the glamourous front so we don’t slip on the grease.

Graphics from Ford, Car2Go.

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