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 […]
Consumers Fear Technology Failures with Autonomous Vehicles
But J.D. Power research shows drivers of all ages embrace driving assistance features. With the exception of Gen Y, all other generational groups are becoming more skeptical of self-driving technology, which poses a new challenge to car manufacturers and technology developers, according to the J.D. Power 2017 U.S. Tech Choice Study. J.D. Power defines the […]
Uber Temporarily Suspends Autonomous Vehicle Pilot Following Crash in Arizona
Uber Technologies Inc. temporarily suspended its pilot autonomous vehicle (AV) program following a crash in Arizona on Friday. According to a report in the Wall Street Journal, another vehicle failed to yield to the Uber vehicle. The pilots restarted Monday. The move will have the ride-hailing company suspend its pilot AV project in Arizona, California […]
California DMV Releases Proposed Rules for Driverless Autonomous Vehicles
Public Hearing scheduled for April 25. The California Department of Motor Vehicles (DMV) released proposed regulations to establish a path for testing and future deployment of fully autonomous vehicles without drivers. “California has more manufacturers testing autonomous vehicles than any other state and today’s rules continue our leadership with this emerging technology,” said California Transportation […]
Ford Invests $1 Billion in New Artificial Intelligence Company to Bolster Autonomous Vehicle Leadership
Ford Motor Company (NYSE:F) announced Friday it is investing $1 billion during the next five years in Argo AI, an artificial intelligence company, to develop a virtual driver system for the automaker’s autonomous vehicle coming in 2021 – and for potential license to other companies. Founded by former Google and Uber leaders, Argo AI is bringing […]
Pennsylvania Recommendations for Autonomous Vehicle Testing Draws Rebuke from Vehicle Manufactures’ Association
Yesterday, Pennsylvania’s Autonomous Vehicles Testing Policy Task Force delivered recommended guidance to the Commonwealth’s Department of Transportation (PennDOT) Secretary Leslie S. Richards for developing policies to oversee testing of highly automated vehicles (HAVs) and has scheduled an on-line public forum for Dec. 12 to review the report. The Global Automakers, that represents the U.S. divisions […]