Goal is to bring highly automated and fully automated driving solutions to market by 2021. BMW Group, Intel and Mobileye announced today that they have signed a memorandum of understanding with the intention for Fiat Chrysler Automobiles (FCA) to be the first automaker to join them in developing an autonomous driving platform for global deployment. […]
U.S. House Energy and Commerce Committee Passes Autonomous Vehicle Legislation
The U.S. House Energy and Commerce Committee , chaired by Rep. Greg Walden (R-OR), approved H.R. 3388, Safely Ensuring Lives Future Deployment and Research in Vehicle Evolution Act or the “SELF DRIVE Act.” Passing with unanimous bipartisan support at 54-0, this legislation will prioritize consumer safety, reduce traffic-related fatalities, and clarify federal and state roles […]
U.S. House Subcommittee Unanimously Approves Self-Driving Legislation
Legislation would preempt state and local regulation of highly automated vehicles, providing the NHTSA with regulatory authority. The introduction of automated vehicles got a boost yesterday as the U.S. House Energy and Commerce Committee Subcommittee on Digital Commerce and Consumer Protection, chaired by Rep. Bob Latta (R-OH), approved bipartisan self-driving vehicle legislation that would preempt […]
Toyota Research Institute Makes $100 Million Investment To Bring Disruptive Tech To Market Faster
Initial investments funding autonomous vehicle technology, artificial intelligence and robotics. The Toyota Research Institute (TRI) announced it is investing an initial $100 million to launch Toyota AI Ventures, a new corporate venture capital subsidiary designed to provide early-stage financing to startup technology companies. TRI launched the venture by contributing initial investments it has made in […]
KPMG Reports Autonomous Vehicle Tech Could Shrink Auto Insurance Sector 71% by 2050
According to KPMG report, shifting driving risk to auto manufacturers and adoption of mobility-on-demand will significantly impact insurance business. Autonomous vehicle technology could shrink the auto insurance sector by 71 percent or $137 billion by 2050, according to new research by KPMG, titled The Chaotic Middle: The Autonomous Vehicle and Disruption in Automobile Insurance. KPMG […]
Autonomous Vehicles Will Add $81 Billion in New Premiums for Auto Insurers by 2025
According to a report by Accenture, while the long-term impact of autonomous vehicles will reduce the need for auto insurance, initially they will expand the insurance business. Insurance coverage for autonomous vehicles will bring $81 billion in new premiums to the U.S. auto insurance industry over the next eight years, driven by risks related to […]
KPMG Project Nearly 50% Decline in OEM Collision Repair Parts Business by 2030
According to report, autonomous vehicles and crash avoidance technologies will shrink collision repair volume. According to a new report from the KPMG U.S. Manufacturing Institute Automotive Center, original equipment manufacturers (OEMs) will see a substantial, 48 percent, decrease in their collision repair parts business as a result of self-driving cars. KPMG projects that OEM collision […]
European Truck Manufacturers Reveal Plans for Semi-Automated Convoys by 2023
On May 9, Europe’s truck manufacturers revealed a detailed timeline of steps leading up to the introduction of convoys of semi-automated trucks on Europe’s motorways before 2025. Besides setting out the timing, the ‘EU Roadmap for Truck Platooning’ also provides guidance to policy makers and authorities on the regulatory changes and political support necessary for […]
Today’s Guild 21 Concall Examines Autonomous Vehicle Impact on Collision Repair Shops
The next Guild 21 conference call, that takes place today at 2 p.m. EST (11:00 a.m. PST), will feature Hod Lipson, PhD, Professor of Engineering and Data Science at Columbia University, in New York City. Lipson will examine the impact of autonomous vehicles on the collision repair industry. Lipson is co-author of the award winning […]
FCA Delivering Additional 500 Chrysler Pacifica Hybrid Minivans as Waymo Self-driving Program Expands
FCA US LLC announced today that Waymo, formerly the Google autonomous vehicle project, will add 500 Chrysler Pacifica Hybrid minivans to expand its self-driving program. FCA previously delivered 100 minivans, modified for self-driving, to Waymo during the second half of 2016. Production of the additional 500 minivans will ramp up beginning next month. Waymo will […]