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 […]
UK Insurance Association Calls for International Crash Data Standards for Autonomous Vehicles
Association of British Insurers and Thatcham call for standardized data set to help with liability assignment after a crash by an autonomous vehicle and to improve vehicle manufacturer systems. British insurers are leading efforts to have a standard set of data agreed at an international level which would be easily available in the event of […]
Intel Announces $250 Million Investment for Autonomous Driving
Delivering his keynote address at the LA Auto Show’s AutoMobility conference, Brian Krzanich, Intel Corporation chief executive officer, this week announced that Intel Capital is targeting more than $250 million of additional new investments over the next two years to make fully autonomous driving a reality. According to the company, these investments will drive the […]
U.S. House Subcommittee Holds Hearing on Self-Driving Cars
The Automotive Service Association (ASA) reports that on Tuesday, the U.S. House Energy and Commerce Committee’s Subcommittee on Commerce, Manufacturing and Trade held a hearing titled, “Disrupter Series: Self-Driving Cars.” The hearing is the latest in a series that is examining the effects of federal policy on emerging technologies. During the hearing, members addressed the […]
NHTSA Announces New Automated Vehicles Policy
The National Highway Traffic Safety Administration today introduced a new Federal Automated Vehicles Policy which the White House said was “…to help facilitate the responsible introduction of automated vehicles to make transportation safer, cleaner, more accessible, and more efficient.” The policy package is composed of four sections: Vehicle performance guidance for manufacturers, developers, and other […]
Ford Sees Emerging Revenue Opportunities in Autonomy, Mobility Services and Insurance
Vehicle manufacturer eyes transformation from traditional auto manufacturing to transportation services provider. Ford Motor Company (NYSE:F) told investors yesterday the company sees an attractive upside as it invests in emerging opportunities and expands as an auto and mobility company. Ford expects the financial performance of its core business to be strong through 2018 and its […]
Autonomous Vehicles May Reduce US Auto Insurance Premiums by More than 40% by 2050
According to the annual Global Insurance Market Opportunities report by Aon Benfield, premiums will shrink due to the adoption of autonomous vehicles. Forecast assumes an 81 percent reduction in claims frequency, increase in severity. Aon Benfield, the global reinsurance intermediary and capital advisor of Aon plc (NYSE:AON), has launched its annual Global Insurance Market Opportunities […]
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