News Roundup: GM Opens Network to Infotainment App Developers, Lyft Announces Plans for Its Own Self-Driving Car Division in Palo Alto, and More

Jennifer van der Kleut

A look at major headlines to come out of the driverless and connected car industries over the past week:

GM opens network, allows app developers to test infotainment apps in real vehicle environment

General Motors (GM) has announced a move to make it easier for app developers to test their infotainment apps in a real test vehicle environment. GM announced that it is offering up its next-generation infotainment software development kit-NGI SDK-to the general development community. This will give developers access to GM’s Dev Client, and allow them to test their creations in a real-life test vehicle early in the process, which GM claims is the first time an automaker has done so. Mashable explains, once a developer is ready to make something, “they can download the new SDK, which has been available since January, to build out their app and begin emulating the in-car environment to kick things off.” GM says the open developers network is ready and open for new applicants. Read more from Mashable.

 

Lyft forms autonomous vehicle division in Palo Alto, California

Ride-hailing app Lyft announced it is setting up its own division dedicated to self-driving cars in Palo Alto, California. Reports indicate Lyft will focus on developing its own software network, including a navigation system, with plans to open up the network to the general public, allowing other tech companies and automakers to use the network, and potentially even share data. Industry analysts believe Lyft will likely monetize the program by taking a cut of ride-sharing fees collected by companies using their network. A Lyft spokesperson said a big motivation for the move is to help bring the environmental and safety benefits of autonomous vehicles to the world sooner. Read more from SFGate.

 

Microsoft joins Baidu’s driverless-car alliance, ‘Project Apollo’

Chinese tech giant Baidu and Microsoft have announced that they will be working together on driverless cars. Microsoft has reportedly joined Baidu’s Project Apollo. “Our goal with Apollo is to provide an open and powerful platform to the automotive industry to further the goal of autonomous vehicles,” said the president of Baidu, Zhang Yaqin, in news reports. Microsoft’s cloud computing platform, Azure, will reportedly be “instrumental” in the Apollo initiative. As much as 50 other famous firms and automakers, including Ford, Daimler, 13 car manufacturers from China, and many ride-sharing operators, component providers and suppliers have also announced plans to join Project Apollo. Read more from Investor NewsWire.

Image by Lyft

Led by NVIDIA, D20 Leaps to Record High

In a nearly across the board sweep, nineteen price gainers and one unchanged stock drove the D20 to new heights this week.  The D20 jumped 5.2 percent, closing at a record high of 223.51.  The D20 easily outpaced the Dow, which gained 1 percent and the S&P 500 which added 1.4 percent and closed at 2459.27.

As the D20’s leading price percentage gainer this week, NVIDIA (NVDA) continues to hit new records and stun the market with its meteoric price rise.  Its partnership with Baidu continues to enchant the market causing its price to rise 12.4 percent this week and closing at $164.95 per share.  Because of its staggering share price run, gaining 625 percent since August 2015, NVIDIA is now 24% of the total value of the D20.  This week’s 12.4 percent gain accounted for the more than half of the D20’s 5.2 percent increase.

The lone non-gainer of the week was Nissan (NSANY).  It remained unchanged at $20.23 per share.

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

Up and Comers:

Cortica, founded in Israel, is building AI systems based on analysis of how human and animal cortical networks process natural stimuli.   Cortica is now applying those AI methods to “teach” autonomous vehicles with unsupervised learning.

News Roundup: Congress Wants to Bar States From Preempting Federal Driverless Laws, Dutch Startup Amber Generates Big Buzz with Self-Driving Cars, and More

Jennifer van der Kleut

Here is our roundup of headlines to come out of the driverless vehicle industry this week.

Dutch startup Amber making waves with self-driving cars

Quite a buzz is forming around Dutch mobility startup Amber. The company has positioned itself as strong competition for larger firms like Tesla Motors, Uber, Google’s Waymo and others by announcing plans to add self-driving cars to its on-demand ride service in the Netherlands by mid-2018. Amber was originally the brainchild of students at the Eindhoven University of Technology, which is known for its advanced automotive curriculum. Amber is partnering with five different software companies and research institutes, including Nvidia and Microsoft, that have already developed self-driving software. Automotive consultancy firm Roland Berger recently ranked The Netherlands at the top of its Automotive Disruption Radar. Read more from VentureBeat.

 

Spokesperson: U.S. Congress may introduce bills this week that will bar states from preempting federal driverless laws

A spokesperson for the U.S. House of Representatives’ Energy and Commerce Subcommittee said members expect driverless vehicle legislation to be introduced as soon as this week. The legislation could then begin debate on the House floor by next week. Rumors suggest one of the biggest provisions of the legislation would bar individual states from setting their own regulations for driverless vehicles that would preempt federal regulations, and would prevent the National Highway Traffic Safety Administration from pre-approving self-driving car technologies. It is also believed the legislation will allow for up to 100,000 vehicles per year per manufacturer to be exempt from from federal motor vehicle safety rules that prevent the sale of self-driving vehicles without human controls. Several auto manufacturers that are working on driverless technology, such as Tesla, Google and General Motors, have long been lobbying Congress to preempt state regulations that they feel limit the progress of the technology, particularly in California. Read more from NewsMax.

 

International survey names Tesla, Waymo, Bosch among ‘most investible’ companies in driverless race

International law firm Gowling WLG and economic research agency Explain the Market conducted a year-long survey of investors, asking them which companies they felt the most confidence investing in when it comes to autonomous vehicle technology. Auto manufacturers Tesla Motors (26%) and BMW (22%) earned the most investors’ votes in their category. Google’s Waymo won the IT firm category by a landslide with 36% of votes. The next closest company in the IT category was Apple with 11%. Among tech brands, Bosch left many others in the dust, earning 54% of investors’ votes. Read more from Information Age.

Image: Amber self-driving car, courtesy of Amber

Tesla Takes a Big Drop Despite Model 3 News, While TomTom Shoots Up

A 13-percent drop in stock price this past week by Tesla (TSLA) couldn’t hold the Driverless Transportation Weekly Stock Index (D20) back as the D20 gained 1.13 points and closed at 212.39.

Tesla’s $48.39 stock price drop was caused by a variety of factors.  Telsa’s sales growth for its Model S and Model X is beginning to plateau. Its second-quarter production numbers (Model S and Model X only) declined compared to the first quarter and was blamed on a shortfall of battery packs.  The long-awaited Model 3’s planned availability date is still late in July.  All these factors have combined to take a chunk out of Tesla’s valuation.

The rest of the D20 stocks had a fine week with 14 gainers and only six losers including Tesla, pushing the Index up 0.5 percent. It beat the Dow, which gained 0.3 percent, and the S&P 500, which gained 0.1 percent to close at 2,425.18.

On news that it had joined Baidu and at least 50 others in Baidu’s Apollo Driverless project, TomTom’s (TOM2) stock price jumped 4.5 percent to close at €8.78 per share. It was the D20’s largest price-percentage gainer for the week.

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

Up-and-Comers:

Baidu, the Chinese search engine giant, has formed a partnership with over 50 auto and computing industry companies to create its Apollo autonomous driving platform.  The platform’s goal is to be to the driverless vehicle market what android is to the smart device industry: an open developer’s platform.  Some of the D20 participants include: Ford (F), Delphi (DLPH), Continental (CTTAY), Daimler (DDAIF), NVDIA (NVDA), and TomTom (TOM2).

Waymo Taps Rental-Car Giant Avis as a New Self-Driving Car Partner, Russia Enters the Driverless Game, and More

Jennifer van der Kleut

Our roundup of recent news to come out of the driverless, connected-vehicle industries:

U.S. Congress appears to enjoy bipartisan support for driverless vehicle legislation

News outlets are reporting that discussion of driverless vehicle legislation that would propel forward adoption of the technology was received positively in Congress last week, and that there is a chance some bills could be voted on before the end of the month. Lawmakers on both sides of the political aisle appear eager to progress the advent of self-driving vehicles, and make it easier for car manufacturers and tech firms like Ford, Tesla Motors, Google’s Waymo and NVIDIA to bring their products into the market through loosening restrictive laws. They also seek to create a level of consistency from state to state, many of which have widely varying laws for self-driving vehicles. Read more from The Motley Fool.

 

Russia moves full speed ahead toward driverless vehicles, will soon debut bus

Russia will not see itself fall behind the west, and has announced it will be debuting a fully autonomous shuttle bus at the upcoming third Eastern Economic Forum in Vladivostok in September. The debut ride will be jointly hosted by the companies behind the project — Bakulin Motors Group (BMG) and the Skolkovo innovation center. The bus is called Matryoshka, and can carry 8 to 12 passengers, carry cargo, or be used as a public utility vehicle. The bus is electric and its battery will allow it to travel a distance of up to 80 miles at speeds of up to 18 miles per hour. Passengers can even call the operator via video call from their seats. Russia does not yet have laws allowing for driverless vehicles on public roads, so all testing thus far has been done on closed courses. Read more from RBTH.

 

Waymo enters agreement with Avis Budget Group to manage its fleet of driverless cars in Phoenix

Avis Budget Group, which owns the rental-car brands Avis and Budget, as well as car-sharing company Zipcar, has been tapped by Google’s Waymo to manage its fleet of self-driving cars in Phoenix. The fleet recently started allowing members of the public to test its vehicles in April of this year through its “early rider program.” The program aims to discover where people most want to be able to use self-driving cars, and has been picking up and dropping off passengers for the past few months. As per the deal, Avis will clean the cars and perform regular maintenance and minor repairs as needed. Read more from the Washington Post.

 

Image by Waymo & Avis Budget Group

Big Rebound By Visteon Pushes D20 to a Gain

After a one-week set-back, the Driverless Transportation Weekly Stock Index (D20) returned to its winning ways, largely thanks to a big rebound by Visteon Corporation.

Twelve price gainers out-weighed eight price losers to help the D20 beat the Dow and S&P 500.

The D20 gained 1.23 points, or 0.6 percent, as it climbed to 215.04 while the S&P 500 added 0.2 percent to close at 2,438.30 and the Dow remained virtually unchanged at 21,394.76.

Visteon (VC), the automotive parts maker, was the D20’s price gain percentage leader of the week, adding $3.54 to its stock price and closing at $95.91 per share. It rebounded nicely from last week’s 8-percentage-point drop in price.

Blackberry (BBRY) missed its quarterly revenue forecast, which hammered its stock price, dropping it 7.8 percent and making it the D20 price-percentage loser of the week.

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

Up-and-Comers:

Navya, maker of the Arma, a driverless shuttle bus, has announced that it will deploy two Armas to the University of Michigan campus in Ann Arbor. It is part of the Mcity Program, the University of the Michigan-led partnership with driverless and connected vehicle makers to improve safety, sustainability and accessibility in an urban test facility.

News Roundup: Congress Set to Weigh 14 Driverless Vehicle Bills, Univ. of Michigan to Get Two Self-Driving Shuttles, and More

Jennifer van der Kleut

A roundup of new headlines to come out of the driverless, connected-car industry this week:

Congress to weigh 14 driverless vehicle bills next week

The federal government is racing to address emerging mobility technology. Their efforts are being led by a series of 14 driverless vehicle bills that will hit the House floor next week. Some of the bills may be swooped up into a larger package the House will be considering. The bills address a number of issues, including whether autonomous vehicles should have to obtain approval for their technology before going to market, establishing guidelines for the sharing of data, and allowing some test vehicles to be exempt from traditional automobile standards. Read more from The Hill.

 

Tesla’s VP of Autopilot, a former Apple engineer, abruptly leaves

A mere six months after joining Elon Musk’s team, former Apple engineer of 12 years, Chris Lattner, has left his position at Tesla Motors as vice president of autopilot software. Lattner announced his departure on Twitter, saying it “turns out Tesla isn’t a good fit for me after all.” He added that he was eager to hear about interesting open roles for “a seasoned engineering leader,” and that his resume was easy to find online. Shortly after, Tesla announced that Lattner’s role was being filled by two people evenly — existing Tesla Autopilot hardware chief Jim Keller, and a new hire, Andrej Karpathy, who reportedly has a PhD from Stanford University in “computer vision.” Read more from The Register.

 

Two driverless shuttles to debut on Univ. of Michigan campus

Mcity, the University of Michigan’s public-private partnership for mobility research including driverless vehicles, will launch a driverless shuttle service on the school’s North Campus this fall. The two shuttles were manufactured by Navya, and are fully automated. Each shuttle can seat up to 15 passengers. “This first-ever automated shuttle service on campus is a critical research project that will help us understand the challenges and opportunities presented by this type of mobility service and how people interact with it,” Huei Peng, director of Mcity and a professor of mechanical engineering at U-M, said in a statement. The shuttles have been being tested since December. Read more from The Detroit Free Press.

 

Image: Still from Univ. of Michigan YouTube video

Visteon Leads 14 Losers to Broad-Based Retreat for D20, While Up-and-Comer Careem Raises Half a Billion

After eight straight weeks of gains, 14 losers, led largely by Visteon Corporation, drove the Driverless Transportation Weekly Stock Index (D20) to take a small step back, as both the Dow Jones Industrial Average and the S&P 500 Index eked out small advances.

The largest loser was Visteon Corporation (VC), which lost 8.49 percent to land at 92.37.

In its eight-week run, the D20 climbed 15.6 percent. During that same period the Dow rose 4.0 percent and the S&P 500 advanced 4.4 percent.

With 14 stock price losers and only six gainers, the D20’s 0.6 percent lose was almost inevitable.  It ended the week down 1.33 points at 213.82.

The bright spot for the D20 was Chinese electric vehicle maker BYD (BYDDY), who announced large bus orders in the UK and Australia. BYD gained $0.74 to close up 6.2 percent at $12.64 on the U.S. OTC market.

BYD has been on a hot streak of its own.  It has had six consecutive weeks of an increasing stock price, during which time it has added 13.2 percent to its value.

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

 

Up-and-Comers:

Careem, a ride service competitor of Uber’s in the Middle East, North Africa and South Asia, just closed a $500 million deal in a Series E round of financing.

This pushes the valuation of the firm, post financing, to close to $1.2 billion. Careem’s focus on a region that is well below the European and North American levels in established public transportation options and car ownership is novel. Daimler (DDAIF) was an investor in this last round with Careem as it adds to its ride service portfolio of Hailo in the UK, Taxibeat in Greece and MyTaxi in Germany.

News Roundup: A Look at the World’s First Autonomous-Capable Cargo Ship, Apple Creates Buzz With Self-Driving Car News, and More

Jennifer van der Kleut

Oslo-based company to debut electric, autonomous-capable ship

The company YARA Birkeland out of Oslo, Norway has revealed plans for a zero-emission, remote control-capable and eventually autonomous-capable cargo ship. YARA said the ship will launch in 2019 with the ability to be controlled remotely and deliver cargo unmanned. Within a few years after that, the company said the ship will be capable of operating fully autonomously. The container ship is being built by Kongsberg Gruppen ASA, and many say it will have a huge impact on the maritime industry, which is known for its high amounts of fuel consumption. The container ship will reportedly be used to transport fertilizer. Read more from Bloomberg.

 

Apple’s Tim Cook creates a buzz, offering details of self-driving plans

Apple CEO Tim Cook gave an interview with Bloomberg News last week week, creating quite a buzz as he addressed the company’s work on autonomous car systems. Those are the exact words he used — autonomous systems. Cook made it clear that Apple is no longer working on attempting to build a vehicle, but is instead working on developing the system that would power one. The project has long been called Project Titan internally. Just a couple of months ago, Bloomberg published photos of Lexus SUVs outfitted with Apple’s autonomous technology being tested on San Francisco Bay Area roads. Since Apple veteran Bob Mansfield took over control of Project Titan, engineers have been cut and costs streamlined, but Cook made it clear the project is moving full-speed ahead. Read more from Bloomberg.

 

Bye-bye, Google self-driving bubble car

Google self-driving spin-off company Waymo announced this week it is retiring its famous, signature “bubble” cars. For years the rounded pod cars have been traveling millions of miles around Silicon Valley as the company has been testing and gathering data for its self-driving car system. However, the company has been advancing partnerships with established vehicle manufacturers and says it will now focus on installing its systems into other cars rather than manufacturing any more of the bubble cars. In particular, Waymo’s blog indicates the company is working on outfitting a fleet of 600 Chrysler Pacifica mini-vans. Whereas the “Firefly” bubble-shaped pod car maxes out at a top speed of 25 miles per hour, the mini-vans will be capable of traveling at full speed. Read more from BBC News.

 

Image: Courtesy rendering of YARA Birkeland ship

Renesas Helps Push D20 to Eighth Straight Gain, New All-Time High

Though 14 of its stocks fell, a stellar week from big names like Renesas Electronics, NVIDIA, Tesla Motors, Mobileye and Volvo led the D20 Stock Index to a gain for the eighth straight week in a row.

The D20 gained 0.2 percent overall to close the week at a new record high of 215.15.

The D20 outgained the S&P 500, which lost 0.3 percent, but couldn’t quite match the Dow, which rose 0.3 percent and closed at 21271.97.

The D20 is up 22 percent since January 1, while the Dow is up only 7 percent and the S&P 500 has risen 8 percent.

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

 

Up-and-Comers:

Lyft not only received $25 million in recent funding from Jaguar Land Rover as a part of a very large $600-million investment round, but it also received a fleet of Jaguar and Land Rover vehicles as part of the deal. Lyft is seemingly capitalizing on competitor Uber’s very public missteps.